Arafura Australia says South Korea and Germany are exposed to a rare earths shortage.
The United States, Japan and Australia are locking down rare earths supply, leaving industrial giants Germany and South Korea vulnerable, according to the CEO of Australia’s Arafura Rare Earths. This company is currently negotiating final agreements for supply. The U.S. is leading a global push to diversify supply chains and secure new sources of supply after China, the world's largest producer of rare earths, placed export restrictions last year. This shook the automotive and defense industries. Only two Western companies produce at scale. Australia's Lynas Rare Earths, and MP Materials in the U.S.
Alaska LNG CEO: We need more commitments to offtake before we make a final investment decision.
Glenfarne, an energy developer, must secure agreements to purchase a further 3 million metric tonnes of liquefied gas before making any final investment decisions on the $44 billion Alaska LNG project. Brendan Duval, CEO of Glenfarne, said that the lead developer for the Alaska project has been in discussions with two potential buyers about adding the remaining volumes to the 13 million tonnes of annual sales agreed upon so far. JERA, one of Japan's largest LNG buyers, and Tokyo Gas have signed preliminary agreements for offtake.
Brazil's Ultrapar taps BTG for possible Ipiranga stake sale, Chevron interest reported
Two people familiar with this process said that Brazilian?conglomerate Ultrapar?has?tapped??investment banking BTG Pactual to handle the sale of a potential stake in fuel distributor Ipiranga. The?Brazil Journal had reported earlier in the day that oil company Chevron and Ultrapar were in advanced negotiating?talks for a 30% stake of Ipiranga. Two sources said they couldn't confirm whether Chevron was one of the potential buyers. Ultrapar, according to two additional sources who asked to remain anonymous because the discussion is 'confidential', wants to reduce its exposure in fuel distribution.
In mid-2026, Inpex will invite bids for the construction of Indonesia's Abadi Liquefied natural gas project.
Inpex, a Japanese oil and natural gas exploration company, said that it would begin the engineering tender for its Abadi project in Indonesia by the middle of this year. Jakarta has pledged to eliminate 'bureaucratic snags' in order to expedite development on the $21 billion project. Abadi, the liquefied gas project (LNG) in Indonesia's Masela Block has been delayed for years due to the request of the previous administration that the plant be moved onshore. Purbaya Yudhi Satewa, Finance Minister…
Phillips 66, Citgo Look to Directly Buy Venezuelan Crude
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron, according to sources familiar with the efforts.Trading houses Trafigura and Vitol in January secured the first U.S. licenses to export Venezuelan oil as part of a $2 billion deal between Caracas and Washington. Chevron has held an authorization to operate there and ship crude since last year.Refiners in the U.S.
Greek joint venture seeking 20-year US Liquefied Natural Gas deal to boost Southern Europe's gas supplies
Atlantic Sea LNG Trade is a joint venture of Greece's gas supplier DEPA and the construction group Aktor. It is currently in negotiations to secure 15 billion cubic metres (bcm), or LNG, from the United States every year for 20 years, to supply southern Europe. Greece is seeking to strengthen its role as a gas transit route into Europe, and the continent is preparing to stop Russian gas imports in late 2027. This will intensify competition for long-term LNG supplies and increase pressure on governments so they don't get caught short.
Sources say that Cenovus is considering selling assets in Alberta worth around C$3 Billion.
Two sources with knowledge of the matter have confirmed that Canadian oil producer Cenovus is looking to sell conventional oil and natural gas assets in Alberta's Deep Basin as it "looks" to reduce debt following the recent acquisition of MEG Energy, an oil sands competitor. Sources said that Cenovus has contacted potential buyers to gauge interest. The assets could be worth around C$3 Billion ($2,17 Billion), according to the sources. Cenovus may decide to keep the assets if the plans do not work out. Sources requested anonymity in order to discuss sensitive details.
Lukoil to Sell International Assets
Russia's Lukoil is selling its international assets after the U.S. imposed sanctions on the company.Washington refused to approve the sale of assets to Swiss commodity trader Gunvor, throwing Lukoil's operations in disarray and leading to a scramble of potential buyers.The U.S. Treasury cleared potential buyers to talk to Lukoil until December 13. They will need separate approval for specific deals. U.S. oil major Chevron is studying options to buy some global assets of Lukoil, sources have said. U.S.
Siemens Healthineers CEO: We could sell diagnostics division by 2030
Siemens Healthineers has yet to speak with any potential buyers but is considering spinning off or divesting its diagnostics division after restructuring it by 2030. The CEO Bernd Montag said that it was possible that the Diagnostics Business would no longer be a part of the Medical Technology Group in 2030, if this is deemed to be better for the Division. This was stated at a Monday press conference on the sidelines its Capital Markets Day. Healthineers targets a 6-9% annual revenue increase from its two other divisions, Imaging and Precision Therapy.
Russia's Lukoil talks to potential foreign buyers about its assets
Lukoil, Russia's second largest oil producer, said it was in talks on Friday with potential buyers for its foreign assets after sanctions were imposed by the UK and US last month and a deal made with Gunvor Trading House collapsed. The specific deal would be announced once the final agreements had been reached and all regulatory approvals obtained. The company wants to maintain the operation of assets even after they are sold and transferred to new owners. It will also save jobs and avoid disruptions to energy supply and work in the countries where it is present.
Democratic Senators: Trump administration gives China a 'free-pass' on Russian LNG
Democratic U.S. Senators called on Trump officials to resume targeted sanctions against Russian energy supplies on Friday, claiming that the administration allows China to purchase shipments of Russia’s liquefied gas which supports the war in Ukraine. Donald Trump said that he was frustrated by the failure of Russian President Vladimir Putin to reach a peaceful agreement with Ukraine. Trump, however, has not imposed direct sanctions against Russian energy companies during his second term. He has instead imposed an additional 25% tariff on goods imported from India in response to buying Russian oil.
TotalEnergies UK Assets to Be Bought by Prax Remain Unsold
The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company."The transaction to sell our West of Shetland asset to Prax has not yet completed and as such we remain the operator of the Shetland Gas Plant and related fields," TotalEnergies EP UK said in its statement.TotalEnergies had agreed to sell Prax a portfolio of mature offshore fields producing about 7…
ConocoPhillips is looking to sell assets in Oklahoma worth more than $1 billion, according to sources
People familiar with the situation said that ConocoPhillips has begun exploring the possibility of selling oil and gas assets it acquired from Marathon Oil when it bought the company for $22.5 billion last year. Sources said that the energy producer hired Moelis & Co as an investment bank to manage the sale of the assets. However, they added that talks were at a very early stage, and a deal was not guaranteed. Sources, who requested anonymity because the discussions are confidential, said that the assets…
South Korea hosts Alaska Governor, energy team amid talks of gas pipeline
Alaskan state officials, including the governor, and energy officials will visit South Korea Tuesday amid expectations that talks with U.S. ally countries in Asia can revive a natural gas project that has been stalled. The main U.S. Business lobby in Seoul announced that the delegation of Governor Mike Dunleavy will include representatives from the Glanfarne Group, which is a partner on the project to transport natural gas from Alaska's remote northern region via a $44-billion pipeline, and the state agency for gas.
Alaska LNG project to start by 2030, says state governor
Alaska Governor Mike Dunleavy announced on Friday that exports of liquefied gas from Alaska may begin as early as 2030. In his speech to Congress, Donald Trump praised the $44 billion Alaska LNG Project. The project will deliver approximately 3.5 billion cubic foot of gas each day, a large portion of which is destined for international markets. No final investment decisions have been made yet. The project requires an 800-mile gas pipeline from Alaska's North to Asia. Dunleavy, who spoke at a Houston energy conference…
Alaska LNG project could begin as early as 2030, says state governor
Alaska Governor Mike Dunleavy announced on Friday that exports of liquefied gas from Alaska may begin as early as 2030 or 2031. In his speech to Congress, Donald Trump praised the $44 billion Alaska LNG Project. The project will deliver approximately 3.5 billion cubic foot of gas per day from Alaska's North Slope, a large portion of which is destined for international markets. No final investment decisions have been made yet. The project requires an 800-mile gas pipeline from Alaska's North to Asia.
Commonwealth LNG sees new interest after securing export license
The owner of the Commonwealth LNG project said that the interest in the project has increased since the export license was granted by the Trump administration last month. In February, the U.S. Department of Energy approved an LNG export license for the Commonwealth LNG project located in Louisiana. This was the first LNG export approval since former President Joe Biden had halted exports early last year to allow for environmental reviews. The approval took away a lot risks for buyers, and this is something we've been waiting for more than two years…
After Trump's tariffs on crude oil, Mexico is seeking Asian and European buyers
Pemex, the Mexican state-owned oil company, is currently in discussions with buyers in Asia and Europe. This is because it's looking for alternative markets to sell its crude oil after U.S. president Donald Trump imposed import tariffs. This week, Trump implemented tariffs of 25% on goods imported from Mexico and Canada. Canadian crude was exempted from the 25% tax, but Mexican crude will be charged at a 10% rate. Pemex exported 806 000 barrels of crude per day (bpd), of which 57% were shipped to the United States. Exports in January fell by 44% on an annual basis to 532 404 bpd.
After Trump's tariffs on crude oil, Mexico is looking for Asian and European buyers
Pemex, the Mexican state-owned oil company, is currently in discussions with buyers in Asia and Europe. This is because it's looking for alternative markets to sell its crude oil after U.S. president Donald Trump imposed import tariffs. This week, Trump implemented tariffs of 25% on goods imported from Mexico and Canada. Canadian crude was exempted from the 25% tax, but Mexican crude will be charged at a 10% rate. Pemex exported 806 000 barrels of crude per day (bpd), of which 57% were shipped to the United States.
Sources say that RPT-Australian Woodside is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco-backed MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S. Presidency. Trump said that trade partners should purchase more U.S. Energy and has issued several executive order in his first week in office to boost domestic oil and natural gas production.