Canada fast tracks the Ksi Lisims LNG Project
Canada announced on Thursday that it would add the proposed Ksi Lisims Liquefied Natural Gas (LNG) facility to its list of major projects for faster tracking. The company behind the…
Blackstone invests $1.2 billion to build a power plant in West Virginia
Blackstone announced on Thursday that its unit will invest around $1.2 billion in building a power station in West Virginia. The asset manager is stepping up efforts to meet the surging…
TotalEnergies considers selling some Asian renewable energy assets
A spokesperson for TotalEnergies said that the company is considering selling some renewable energy assets located in Asia as a way to reduce its debt. Bloomberg first reported the…
How much will the price of ROI-LNG drop by 2026? Russell
The market for liquefied gas is bracing itself for an increase in supply, mostly from the top exporter, the United States. However, it is not clear how low the spot price will need to fall to clear these additional volumes.
EU injects new money into Ukraine for Naftogaz
The top European development banks and Ukrainian Naftogaz energy company signed a deal Thursday that will provide hundreds of millions to ensure Ukraine's gas supply in the face of…
Swiss trader MET Group triples 2025 LNG cargoes, eyes global expansion, executive says
A Swiss energy trader, MET Group, has nearly tripled its liquefied gas cargo import volume so far this season. It expects even greater growth in the years to come as it prepares for…
Inpex Japan raises its annual profit forecast due to lower costs
Inpex, Japan's largest oil and gas exploration company, raised its net profit forecast by 5% for the year on Thursday. Lower-than-expected expenses offset a reduced shipment of its…
Norway oil companies raise 2026 investment outlook, survey shows
A survey by the Norwegian Statistics Office of industry participants showed that their estimated investments for 2026 have increased compared to three-month estimates. Norway is the world's second largest oil producer…
ADNOC Gas' quarterly profit increases by 8% due to strong domestic demand and better margins
ADNOC Gas announced a 8% increase in its third quarter net profit, to $1.34bn, on Thursday. This was its highest ever for this period. Strong domestic demand and improved margins were able to offset the weaker oil prices.
New Fortress Energy delays quarterly filings amid debt restructuring discussions
New Fortress Energy, a U.S. company that deals in liquefied gas, has asked for more time to submit its third-quarter financial results. The company is negotiating a debt restructuring due to an upcoming interest repayment.
Lukoil attracts buyers for its foreign assets
The foreign assets of Russian oil giant Lukoil, which range from Egypt to Kazakhstan are attracting bidders. Time is running out for the deals to be completed before U.S. sanctions are enforced.
Chevron aims to increase cash flow by 10% annually through 2030 and cut costs even more.
Chevron announced on Wednesday its plans to increase oil and gas production and grow free cash flow annually by more than 10 percent through 2030, all while reducing costs and capital spending.
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy…
IEA Predicts World Oil, Gas Demand Could Grow Until 2050
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S.
Lukoil's drilling plans in the Black Sea of Romania are stymied by sanctions
Vantage Drilling, a company listed in Oslo, has cancelled a contract for drilling next year. Two industry sources said on Wednesday that the contract was with Russian oil major Lukoil…
The Black Sea Infrastructure is at risk, according to the Romanian National Defence Strategy
A draft national defence strategy released on Wednesday said that Romania must strengthen its ties with allies along the Black Sea to protect energy projects, which will make Romania…
Source: India's power giant NTPC is planning to enter the coal gasification business.
Sources familiar with the plan said that NTPC, the Indian coal power company, is planning to enter the coal gasification market. The company plans to produce 5-10 million tonnes of…
Chevron targets 10% cash flow growth annually through 2030 and higher cost reduction
Chevron announced on Wednesday its plans to increase free cash flow and oil and gas production by over 10% per year through 2030, and reduce costs and capital expenditures. Chevron…
The cold weather forecast is driving up gas prices in the Netherlands and Britain
The wholesale prices of Dutch and British gas rose on Wednesday morning as the colder weather forecast increased demand. LSEG data revealed that the benchmark Dutch front-month contract…
Eneos, a Japanese company, warns of rising costs in developing offshore wind businesses
Eneos Holdings - Japan's largest oil refiner that has expanded into renewable energy - warned on Wednesday of the rising cost of developing their offshore wind project. Their CEO said returns were difficult.