Petronas and Thailand's PTT receive approvals for a new gas block-sharing contract
Malaysian state-owned energy company Petronas announced?on Monday that its unit, along with subsidiaries of Thailand's PTT, had received government approval for a new Production-Sharing Contract (PSC)…
Petronas and PTT units receive approval for a new gas contract in Malaysian-Thai joint area
Malaysian state-owned energy company Petronas announced on Monday that its 'unit, along with subsidiaries of Thailand PTT's 'have received approval from both governments for the new?production share contract…
PetroChina's H1 net profit increases by 22% as fuel sales and oil prices spike.
PetroChina, China's largest gas and oil company, reported a 22% increase in its?first-half?net profit on Sunday, thanks to higher oil prices, and stronger fuel sales. A filing at the Hong Kong Stock Exchange…
ADNOC Gas profits fall 52%, but still beat company's guidance
ADNOC Gas announced a 52% drop in its second-quarter profits?on?Monday. The company, owned by the Abu Dhabi government, saw its?sales fall due to the closure of?Hormuz Strait after the?U.S. Israel and the United States launched 'attacks' on Iran.
Australia's Origin APLNG's revenue increases on stronger LNG spot and domestic gas sales
On Friday, Origin Energy reported a 3% increase in revenue for the fourth quarter from its'stake' in?the Australia Pacific LNG project (APLNG), boosted by higher spot LNG sales as well as an increase in domestic natural gas volumes.
In July, Russia's oil revenues increased by 60% year-on-year
Calculations showed that the rise in oil prices globally has led to a '60% increase in the state revenue of Russia in July compared to the same period a year earlier. The overall revenue increase of?year…
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, said that the power consumption will continue to rise in 2026-2027 due to data centers with AI and electrification.
State regulator: North Dakota oil production expected to remain steady, despite the price decline
North Dakota's regulator stated that energy companies will likely keep crude production steady in North Dakota this year, the state with the third largest oil production in the United States, despite the…
ENN Natural Gas' $11.6 Billion ENN Energy purchase collapses due to regulatory hurdles
ENN Natural Gas failed to secure the necessary regulatory approvals by the deadline of June 12, the companies announced on Friday. The deal, first announced in March of last year at HK$90.50bn ($11.55bn), values ENN Energy as HK$90.50bn ($11.55bn).
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
The Energy Information Administration's Short-Term Energy Outlook released on Tuesday said that the U.S. electricity consumption will continue to rise in 2026-2027 due to data centers with AI and electrification.
The US Senate is set to vote on the nationwide expansion of E15 gas sales
Supporters of a long-stalled effort to expand nationwide the sale of higher-ethanol E15 gas are following an uphill campaign to get the measure passed through a divided Senate. This is the last major hurdle…
Venture Global signs new LNG Supply Deals with TotalEnergies and Vitol
Venture?Global announced on Tuesday that it had?signed new LNG supply agreements covering combined sales of over 1 million metric tonnes per annum (mtpa). These agreements will cover the next five-year period.
PetroChina's profit for the first quarter is up due to increased gas and fuel sales
PetroChina, Asia's biggest oil and -gas producer, announced a 1.9% increase in its first-quarter profit on Wednesday. The company cited a rise in sales of refined fuel and natural gas, as well as improved…
Shell is facing a new court case over emissions in the Netherlands
On Tuesday, a Dutch group of climate activists filed a new court case in the Netherlands against Shell. They demanded that Shell immediately stop investing in new oil and natural gas projects. Shell, like…
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
The Energy Information Administration's Short-Term Energy Outlook released on Tuesday predicted that U.S. power?consumption will continue to rise in 2026-2027. This is the second consecutive annual record set by 2025.
Russia's oil revenue fell 43% year-on-year in March, according to the Finance Ministry
According to data released by the Finance Ministry on Friday, Russian state oil and gas revenues declined in March by a whopping '43%, to 617 billion Russian roubles (US$7.72 billion), compared to the same period a year earlier.
Venture Global and Edison resolve arbitration dispute regarding early Calcasieu Pass gas sales
Venture Global and Edison announced on Thursday that?they?had?reached an agreement in order to settle a longstanding arbitration dispute relating to allegations that the American exporter liquified natural…
Gas companies claim that Japan's demand for gas could fall if the war in Iran affects plastics supplies.
Gas company chiefs warned on Wednesday that Japan's gas consumption could fall if the war on Iran continues. Osaka Gas provides?gas? to factories. If these plants are forced into a production cutback due to a shortage of materials…
Indian LPG Sales Trickle Due to Hormuz Shipping Disruptions
Indian state fuel retailers' sale of liquefied petroleum gas (LPG) slowed in the first half of March, preliminary data showed, as the country reels from its worst LPG crisis in decades due to shipping disruption in the Strait of Hormuz.India buys abo
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration (EIA), in its Tuesday Short-Term Energy Outlook, said that power consumption will continue to rise in 2026-2027. The EIA projects that the power demand in 2025 will reach a record of 4…