Document shows that Nigeria's NNPC is looking to sell stakes in certain oil and gas assets. It invites bids.
According to an invitation received on Monday, NNPC Limited (the state-owned energy firm of Nigeria, Africa's top oil producer) plans to sell stakes?in?some of its?oil and?gas _assets.
French electricity prices drop as wind power increases
On Monday morning, the French spot day-ahead power price fell on expectations of increased wind power production. In Germany, however, prices are rising due to less wind output. LSEG…
EUROPE GAS: Cold spell pushes Dutch benchmark contract up by one month
Dutch and British gas rates rose on Monday, the European benchmark contract reaching a one-month high after the holidays, due to strong demand due to the cold weather. LSEG data shows…
US Natural Gas Futures Rise as Forecasts Predict Colder Weather
U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak, as forecasts pointed to colder weather and increased…
Ministry says that the technical problem at Iraq's Khor Mor Gas Field is causing a drop in power supply to Kurdistan.
The Kurdish Ministry of Electricity announced on Thursday that the electricity supply in Kurdistan had dropped by 1,000 megawatts because of a "technical problem" at the Khor Mor gas fields…
Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since…
Engineers say that Iraq's gas supply from Iran, which was halted for a while, is expected to resume within a week.
An?engineer from the?electricity ministry said on Wednesday that Iraq's gas supply from Iran should resume within a few days. The electricity ministry announced on Tuesday that gas…
EUROPE GAS - European prices rise on cold weather forecasts
The Dutch and British gas contract prices rose a little on Wednesday morning amid thin trading before a long Christmas holiday. Forecasts of a cold snap are expected to increase demand.
Russia builds its first LNG tanker of the ice class and plans to build two more by 2026
Interfax, citing the CEO of the company, reported that 'Russia's leading tanker group Sovcomflot' received its first Russian-built Ice-class tanker built for liquefied gas from Zvezda Shipyard.
WSJ reports that BP is close to selling its majority Castrol stakes to Stonepeak
The Wall Street Journal reported on Tuesday that BP was close to selling a majority of Castrol's shares to Stonepeak, an investment firm. This deal values BP's lubricants division at $10 billion including debt.
S&P closes at record high as growth stocks surge
U.S. stock prices rose on Tuesday, and the S&P 500 closed at a record high. A flurry economic data including a reading for economic growth drove bond yields up and elevated "growth names".
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in 3 weeks.
Energy services firm Baker Hughes said that U.S. firms added oil and gas rigs this week for the first time in 3 weeks. The number of oil and gas rigs, a good indicator of future production…
US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next…
Orlen, Grupa WB Collaborate to Improve Maritime Infrastructure Security
State-controlled Polish refiner Orlen and private defence technology company Grupa WB have agreed to work together to improve the security of critical infrastructure, Orlen said on Tuesday.The Baltic Sea region is on high ale
EUROPE GAS - European prices drop on less cold weather forecast
The Dutch and British gas contract fell on Tuesday, as some weather forecasts indicated a potential?quicker ending to a winter cold spell? and that the supply remains stable. LSEG data…
Norway's oil and gas production in November beats expectations
Norwegian Offshore Directorate (NOD), a government agency, announced on Tuesday that Norway's combined oil and gas production in November exceeded an official forecast by 0.9%. Norway…
Analyst: Myanmar to resume LNG imports following cargo received last month
Myanmar will resume LNG imports in 2019 after receiving half of a cargo of the super-chilled fuel last month. This marks an end to a four-year-long hiatus of shipments. After the civil war…
FEATURE-AI data explosion in Mexico fuels rise of dirty energy
The country's power infrastructure is overloaded and pollution has increased due to the shortfall in green power, despite promises by government and industry to increase capacity. The…
AI data explosion in Mexico fuels growth in dirty energy
The lack of green power, despite promises by government and industry to increase capacity, has overloaded and increased local pollution. Masheika Allgood is the founder of AllAI Consulting.
Afreximbank and Heirs Energies sign a $750 million financing agreement to boost Nigeria's gas and oil output
The African Export-Import Bank and Heirs Energies Ltd signed a $750 million financing agreement on Monday to fund the 'field development program' in Nigeria and strengthen the capital structure of the energy firm.