China's five-year plan targets stable oil production, increased gas and stockpiling
China announced on Thursday that it would set a target for its annual oil production of 200 million metric tonnes (4 million barrels per day) as part of its next five-year plans. This…
India's Adani Total Gas raises prices, citing Middle East conflict
India's Adani Total Gas (ATGL), citing a lower Availability of Gas due to the Middle East conflict, has raised prices on industrial clients. Adani Group is a joint-venture with?French oil giant TotalEnergies SE.
Palm bounces back with strong crude oil
Malaysian palm futures rose?on Thursday, and reached the highest levels in a month. This was aided by an increase in crude oil prices. By midday, the benchmark palm 'oil contract on…
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…
Iran Conflict triggers New Gas Crisis in Separatist Moldova Region
Transdniestria, Moldova's separatist Transdniestria, has experienced a new gas shortage due to the conflict in Iran, according to authorities. The crisis, which lasted a year ago, caused…
Pluspetrol in Peru stops gas production following pipeline leak
Pluspetrol, Peru's liquefied gas producer, has halted production of LPG following a rupture and leak on a pipeline in the Amazon region. The ruptured pipeline was operated by Transportadora de Gas del Peru…
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…
Oil companies reject Trump Administration's Alaska Offshore Auction
The Trump administration sold more than 400,000 acres (406,876 hectares) of land in Alaska's Cook Inlet on Wednesday, but no oil and gas drillers showed up. They refused to make a bid.The One Big Beautiful Bill Act of U.S.
Reeves, UK's Reeves, says that the Middle East crisis makes predicting when the oil and gas profit levies will end difficult.
The British Finance Minister Rachel Reeves told oil and gas executives on Wednesday that it was harder to predict the end of a tax on their profit due to the conflict in 'the Middle East…
Cornwall Insight predicts that Britain's energy cap will rise by about 10%.
Analysts from Cornwall Insight said on Wednesday that the UK's energy price cap will rise by about 10% this July due to an increase in wholesale prices linked to a war in Iran. The…
India's MRPL Declares Force Majeure on Fuel Exports as Iran Conflict Disrupts Crude Supplies
India's Mangalore Refinery and Petrochemicals has suspended fuel exports due to the Middle East conflict that has disrupted crude oil flows from the Gulf, two sources familiar with…
MOL, Slovnaft Report JANAF to EU Watchdog in Fight Over Russian Oil Transport
Hungarian oil company MOL and its Slovak subsidiary Slovnaft have reported Croatian oil pipeline operator JANAF to the EU competition watchdog over its refusal to allow the transit of Russian seaborne oil imports…
Russian LNG Tanker Sinks in Mediterranean
A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on Wednesday after what Moscow described as an attack by Ukrainian drones launched from Libya.The Arctic Metagaz sank in waters between Libya and
Qatar closes down gas liquefaction; restarting will take several weeks, say sources
Qatar declared a 'force majeure' on its gas exports Wednesday, amid the U.S. and Israeli war against Iran. Sources said that it could take at least a month to return to normal production levels.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israel war against?Iran disrupted oil exports to the Middle East, forcing production stops from Qatar to Iraq. Here are the major energy disruptions that have occurred so far.
EU not planning an emergency response to spike in energy prices caused by Iran
Officials told reporters on Wednesday that the European Union had warned its'member states' about the soaring gas prices caused by Iran, but did not see any immediate threat to supply…
Babcock & Wilcox receives approval for a $2.4 billion project that will power AI campuses
Babcock & Wilcox announced on Wednesday that a company backed by Applied Digital has approved their $2.4 billion 'deal' to supply?equipment for the artificial intelligence campuses of the technology firm.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The 'U.S. and Israel war against Iran' has caused oil and gas exports to the Middle East to be disrupted and production stops from Qatar and Iraq. Here are some of the major energy disruptions that have occurred.
US auctions oil and gas drilling in Alaska's Cook Inlet
The Trump Administration will on Wednesday 'offer over 1 million acres (404,686 ha) of Alaska's Cook Inlet?to?oil & gas explorers. This is a key test to see if the industry wants to invest in this region.
Trump meets with tech giants to discuss energy pledges ahead of midterm elections
The U.S. president?Donald Trump will meet with leaders of technology companies on Wednesday, including 'Google, Meta and OpenAI. They are expected to formalize an agreement to protect…