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…
Novak, the Russian Minister of Energy, says that his government will discuss gas exports to Europe soon.
Minister Alexander 'Novak, the Deputy Prime Minister of Russia, said on Thursday that the Russian government would meet "soon" to discuss ending gas exports to Europe. Vladimir Putin stated on Wednesday…
Russian budget revenues from oil and gas were down by 44% in February, y/y
According to data from the Finance Ministry, Russian state oil and gas revenues in February fell by 44% to 432.3 billion roubles (about $5.51 billion) compared to the same month last year. This was due to lower oil costs and a stronger ruble.
Ecopetrol's quarterly profit drops by 61%
Ecopetrol, Colombia's state-owned oil company, reported on Wednesday a 60.8% decline in profits for the fourth quarter compared to a year earlier. This was due to lower Brent crude oil prices, lower gas sales at home, and a weaker currency.
Ecopetrol's Q4 profit drops by 58%
Ecopetrol, Colombia's state-owned oil producer, reported on Wednesday a 58% decline in profits for the fourth quarter compared to a year ago. This was due to lower Brent crude prices, lower gas sales in Colombia, and effects of a weaker currency.
EIA: US power consumption will surpass records in 2026 and '27
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. This is after it reached its second consecutive record?high in 2025.
Russia's oil & gas revenues halved y/y in January to the lowest level since July 2020
According to data from the Finance Ministry, Russian state oil revenues and gas revenues fell by half in January, compared with the same period last year. They reached their lowest level since July 2020.
India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from the country's largest importers have said that India's appetite is likely to increase in the next few years, due to the demand for liquefied gas across fertiliser, city-gas, refining, and power sectors.
India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from India's leading importers have said that the demand for liquefied gas in India is expected to increase over the next few years. This will be driven by the demand for city gas, fertilizers, power, and refining.
Nigeria grants permits for gas-flaring projects, aiming at $2 billion investment and a 3 GW potential
Nigeria has granted permits to 28 companies as part of a program that aims at ending routine gas flaring in order to reduce carbon emissions and to use some gas to generate electricity. Officials of the…
EIA: US power consumption will reach new highs by 2025 and 26.
Energy Information Administration's short-term energy forecast on Tuesday said that U.S. electricity consumption would reach record levels in 2025 and in 2026. EIA predicted that power demand would rise from 4…
Engie's quarterly earnings fall short of expectations due to lower gas and power sales
PARIS, November 6 - French utility Engie’s third-quarter results fell 18% short of analyst expectations. This was due to lower hydropower production, gas prices, and increased gas sales volumes, despite colder weather than usual.
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
Two sources familiar with negotiations say that Poland is working to secure a deal for the import of liquefied gas from the U.S. in order to supply Ukraine and Slovakia. This agreement would strengthen…
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG), from the United States, to supply Ukraine and Slovakia. This agreement would strengthen…
Woodside Energy predicts that sales will increase by 50% by the year 2032
Meg O'Neill, CEO of Woodside Energy, said that the company expects to see its oil and gas sales increase by 50% in 2032, primarily due to rising energy demand, especially on Asian markets. O'Neill stated…
PetroChina's net profit for the third quarter is down 3.9% on an annual basis
PetroChina Co Ltd, Asia's biggest oil and gas producer, reported on Thursday that its third quarter net profit fell 3.9% from the previous year due to lower crude oil prices. However, it continued to maintain…
China CNOOC's net income for the third quarter of 2014 is down 12% due to lower oil prices
CNOOC Ltd, the Chinese offshore oil-and-gas major, reported on Thursday that its third quarter net income had declined 12.2% from a similar period a year ago as lower oil prices globally offset a strong growth in production.
In its third-quarter trading report, Total highlights lower LNG sales and rising refining profits.
TotalEnergies, the French oil giant, expects to post a decrease in its third-quarter earnings, it announced on Wednesday. Asset sales and improved margins for refining oil failed to offset lower prices and reduced liquefied gas production.
EIA: US power consumption will reach new highs by 2025 and 26.
The Energy Information Administration's short-term energy forecast on Tuesday predicted that U.S. electricity consumption would reach record levels in 2025 and in 2026. The EIA predicted that power demand would rise to 4…
Nigeria's daily crude oil production plunged by 16% after a brief Dangote refinery strikes
According to an impact study, Nigeria's daily production of oil and gas dropped during the short nationwide strike called by the oil workers' union PENGASSAN on Wednesday. The talks between Dangote Refinery…