Guyana Searches For Company to Build NGL Facility
Guyana is looking for a company willing to build a natural gas liquids (NGL) facility as part of efforts to monetize its offshore gas reserves, according to a notice published by the South American government on Sunday.The storage and offloading facility would receive about 4…
Guyana invites companies to apply for NGL facilities
According to an announcement published on Sunday by the South American Government, Guyana is seeking a company that will build a facility to produce natural gas liquids as part of its efforts to monetize offshore gas reserves. Storage…
Low wind and hot weather will increase spot prices
German and French power contract prices for the next week will rise due to low wind output, which is limiting supply. Hot weather also increases demand. However, more forward-looking contracts were at a lower price on Friday morning in line with gas market.
GRAINS-Chicago soy, corn linger near multi-month lows due to weather
Chicago Board of Trade Corn and Soybean futures were hovering around multi-month-lows on Thursday. Corn again tallied life-of contract lows as U.S. favorable weather and expectations of record Brazilian crop pressure maintained supply pressure.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French train manufacturer said Monday that it had signed a contract worth 1.7 billion euros ($1.96 billion), to supply 96 new RER trainsets…
GRAINS-Chicago Wheat slips as harvest pressure begins; soybeans to gain weekly
Chicago wheat futures retreated on Friday following a rally to cover shorts before the holiday season in the U.S. as harvest pressure in Europe and Black Sea region looms. As of 0211 GMT the most-active contract for wheat fell 0.59%, to $5.87 per bushel.
Trump Administration moves to expand oil leasing in Alaska reserve
The Trump administration proposed opening 82% of Alaska's 23-million-acre (9.3-million-hectare) National Petroleum Reserve for oil and gas leasing, a move that would reverse Biden-era efforts to limit drilling in the area, the Interior Department said on Tuesday.
Canada's TC energy erases $199 Million damages in Delaware appeal against Columbia takeover
Delaware's top court on Tuesday overturned a judge’s order requiring Canadian pipe-line operator TC Energy, which purchased Columbia Pipeline Group for $13 billion in 2016, to pay damages of $199.2 millions. Columbia shareholders brought the case against TC Energy…
Baker Hughes sells sensor unit to Crane at $1.15 billion
Baker Hughes announced on Monday that it would sell its Precision Sensors and Instrumentation (PSI), product line to aerospace parts and defense parts manufacturer Crane, for $1.15 Billion. The oilfield services provider is looking to optimize its portfolio.
Trump's budget cuts threaten U.S. jobs in renewable energy
By Carey L. Labor leaders claim that federal tax credits under the former president Joe Biden for green energy production and construction have created an influx of new jobs - inspiring young workers to participate in the U.S. transition towards energy in a rapidly aging sector.
EUROPE GAS-Prices edge higher amid weak demand, Norwegian maintenance
Dutch and British wholesale prices of gas rose on Monday, after a fall on Friday. Warmer temperatures reduced demand while ongoing maintenance in Norway lowered supply. LSEG data shows that the benchmark Dutch front-month contract was…
Palm logs third week gain despite Chicago Soyoil drag
The market for Malaysian palm oil futures recorded a third consecutive weekly gain. However, the market fell on Friday due to the weaker Chicago soyoil. At the close, the benchmark contract for palm oil delivery in August on the Bursa Derivatives Market fell 54 ringgit (1.37%) to 3…
Palm slips due to weaker Chicago soyoil, but still on track for weekly gains
The market for Malaysian palm oils futures dropped on Friday. This ended a five session rally. It was a result of the weaker Chicago soyoil. However, it is still on track to gain a weekly profit. At midday, the benchmark palm oil contract…
Viva Energy, Australia's LNG terminal developer, gets approval to build the Geelong LNG Terminal amid fears of gas shortages
Viva Energy Group announced on Friday that the Victorian government had approved the construction of the terminal for liquefied gas (LNG) in Geelong. This comes amid increasing concerns about a possible gas shortage along the east coast.
Michael Kors-owner Capri posts quarterly revenue above estimates
Capri Holdings beat revenue estimates for the fourth quarter on Wednesday, as new designs and a renewed focus on its Michael Kors line helped to bring back customers. Capri has focused on the Michael Kors brand after a failed merger attempt with Coach parent company Tapestry.
Australia approves Woodside's North West Shelf LNG Plant to operate until 2070
Australia approved Woodside Energy’s request on Wednesday to extend the lifespan of its North West Shelf Gas Plant until 2070. This follows a six-year process that was plagued by delays, complaints and criticism from environmental groups.
Moroccan utility ONEE awarded $340 million for energy transition
The European Investment Bank and the German state lender KfW have granted ONEE, the Moroccan water and electricity utility, a loan of 300 million euros ($340 millions) to support the integration of renewable energies into the national grid.
Pertamina, an Indonesian company, has imported Russian crude oil since last year
The CEO of Pertamina’s refinery division said that Indonesia’s Pertamina imports Russian crude to its refineries since last year. Taufik Adidiyawarman is the CEO of Kilang Pertamina International, a refinery unit. He spoke to reporters at the Indonesian Petroleum Association Conference.
Polish utility Tauron’s net profit for the first quarter of 2014 increased by 40% year-on-year
The Polish utility Tauron posted on Wednesday a 40% increase in its net profit for the first quarter, largely due to strong performance in its distribution and supplies segments. The results were in line with preliminary figures released by the company on May 12th.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. CREDIT AGICOLE: French bank Credit Agricole announced on Wednesday that it had signed a long term partnership agreement with Belgium’s Crelan Group…
