Maguire: The global energy transition is shifting from generation to integration.
The global electric grid is entering a new stage. Investment spending by utilities has shifted from solar panels and?farms to the infrastructure required to make renewable-heavy energy systems work. In Europe, Asia and Africa, as well as Oceania, Latin America and Oceania, the demand for grid equipment and batteries is still on the rise…
The Iranian war has prompted LNG buyers and suppliers to seek greater diversity in their supply.
As the US-Israeli war against Iran reduces Gulf shipments, LNG buyers are looking for 'alternatives' to the fuel. These suppliers range from West Africa to Indonesia. During last week's Gastech Conference, industry executives and officials said that while Asian governments are looking to lock in LNG sellers who have access to different sources…
Thailand's PTT is looking for new LNG sources such as Oman and Canada.
PTT, Thailand's largest gas company, is seeking new sources of?liquefied, natural gas, such as Oman and North America, as well as West Africa, to diversify their portfolio in the face of a?geopolitical upheaval. In Southeast Asia, the?largest?LNG importer relies on spot supply to meet half of its demand. Thailand increased its imports of US LNG this year…
Shell acquires Hunlock creek power plant from Constellation Energy and sells it to them for $715 Million
Shell's North American unit announced on Thursday that it had agreed to sell its interest in a complex of gas-fired power plants in Rhode Island, USA, to Constellation Energy. The company will also expand into the lucrative U.S. Mid-Atlantic energy market. Separately the British oil major will also purchase 100% of Hunlock Creek Generating's equity…
Enbridge names Michele Harradence, a veteran in the industry, as the successor to retiring CEO Ebel
Enbridge announced on Tuesday that its CEO Greg Ebel will retire by the end of 2026. He will be replaced by industry veteran Michele Harradence. Enbridge, during Ebel's tenure at the helm, acquired three utilities from Dominion Energy. This helped make Enbridge one of North America’s largest integrated gas utility platforms.
Norway's Equinor expands U.S. energy business with $940 million stake in gas-fired plants
Equinor, a Norwegian energy company, announced on Monday that it had agreed to purchase a stake in a gas-fired plant located in Pennsylvania. The group is hoping to take advantage of the 'rapidly increasing electricity demand from data centres and other industries. Equinor said it will pay $940m, subject to final adjustments…
Equinor Buys $940m Stake in Gas-Fired Power Plant
Norwegian energy group Equinor said on Monday it has agreed to buy a stake in a gas-fired power plant in the U.S. state of Pennsylvania, seeking to benefit from rapidly growing electricity demand from data centres and other industry.Equinor will pay $940 million, subject to final adjustment, for 87.71% of the Class A shares…
Expand Energy, a Natgas producer, beats expectations for the second quarter profit
Expand Energy, the U.S. natural gas producer, beat Wall Street's?estimates of a?second quarter profit? on Tuesday. U.S. producers benefit from the surge in electricity demand for natural gases to power data centres as well as a rise in liquefied gas exports. The company produced an average of?6.9 billion cubic feet per day during the quarter ended in June.
Saipem lowers its forecast for 2026 due to additional Gulf costs and denting share prices
Saipem's 2026 core earning forecast was cut on Tuesday. The Italian oil and gas contractor saw its shares fall by more than 7% as it said that disruption in the Gulf caused extra costs and logistical difficulties. Oil and gas producers have been forced to be more cautious due to the repeated?Iran War flare-ups. This has delayed tenders for repair work that Saipem…
Top US oilfield services firm SLB beats quarterly profit estimates
SLB beat Wall Street expectations for the second quarter profit on Friday as resilient demand in key'markets' helped the top U.S. oilfield services firm to overcome weakness in the Middle East caused by the Iran war. Iran is now trying to close the Bab el-Mandeb entrance to the Red Sea, after choking off shipping through the Strait of Hormuz.
Teck Resources beats profit estimates on strong copper production, prices
Teck Resources, a copper producer and producer of higher-quality products, beat Wall Street's expectations for the second quarter profit on Thursday. In afternoon trading, shares of the company rose by 4%. The benchmark three-month price of copper rose 41.5% from the previous quarter, mainly due to concerns about tight supplies and high demand in China.
Halliburton falls on tepid forecast of revenue, Middle East recovery warning
Halliburton's shares dropped more than 6% Tuesday after the U.S. provider of oilfield services forecast lower third-quarter revenue and signaled uncertainty over the pace at which the Middle East is recovering. This year, the 'conflict in Middle -East' has dominated the energy markets. A major oil producing region remains on edge after repeated flare-ups.
US tariffs against Brazil are bitter pills for sugar and ethanol producers
Brazil's sugar and ethanol producers expressed their dismay on Thursday at the new 25% tariffs that the U.S. government imposed on Brazilian goods, citing a decline in the level of cooperation between the two countries. According to the Union of the Sugarcane Industry and Bioenergy (UNICA), the U.S. exported 253 million liters worth $163 millions of ethanol in 2025.
EDP chief: EU governments not Brussels slowing down renewable energy investments
The?CEO? of Portuguese energy group EDP stated on Thursday that European Union member countries are not implementing the necessary?permitting?reforms to get renewable power projects built, despite European Commission efforts. Many countries have not yet fully implemented the measures?the EU adopted following Russia's invasion of Ukraine in 2022 to simplify permits for renewable projects…
Bloomberg News reports that Brookfield-backed Csquare priced its IPO at $21 a share.
Bloomberg News cited sources to report that the IPO price of Csquare, a data center provider, was $21 per share. Brookfield, a Dallas-based investor, may buy a part of the company, according to the report. Could not verify immediately the report. Outside of'regular hours of business, it was not possible to reach Csquare or Brookfield for a comment.
ARC shareholders approve $16.4 billion Shell takeover deal
ARC Resources announced on Tuesday that its shareholders voted to be acquired by Shell, clearing a'step' for one of the biggest energy sector deals this year. Shell acquired the Canadian Natural Gas Producer in an $16.4 billion deal earlier this year, in order to expand its portfolio of natural gas in North America. ARC…
Shell Shell shareholders approve $16.4 Billion Shell deal
ARC Resources announced on Tuesday that its'shareholders voted for the acquisition by Shell, clearing a 'next step in completing?one of...this _year?s largest energy sector deals. Shell acquired the Canadian Natural Gas Producer in an $16.4 billion deal earlier this year, in order to expand its natural gas portfolio in North America.
First LNG cargo ships from TotalEnergies Mexico's Energia Costa Azul
PARIS, 'July 9,' - French oil giant TotalEnergies reportedly shipped the first liquefied gas cargo to Asia from a?plant called Energia Costa Azul in Mexico, although full commercial operations have not yet been achieved. Total owns 16.6% of the 3.25 million ton per year (mtpa), operated by Sempra. Total will be the only?offtaker during the initial ramp-up.
French and Benelux stocks: Factors to watch for on July 8,
Here are some company news and stories from France and Benelux that could have an impact on the?region's markets or a specific stock. The 'European'?planemaker, and German engine manufacturer MTU Aero Engines, plan to create a joint-venture in 2027 for the development and sale of a fully-electric hydrogen fuel cell?engine.
Andy Home: The recovery of battery metals is affecting the EV market.
The battery metals bubble has passed its peak. The prices of cobalt, nickel and lithium have all recovered from their lows in 2024-2025. The story has been largely a tale of supply restraint. Since February of last year, the world's largest cobalt producer - the Democratic Republic of Congo - has limited exports. Indonesia…