Maintenance at Bintulu's complex in Malaysia leads to slowing of loadings and exports
A person familiar with the matter told Reuters on Thursday that two terminals at Petronas’ Bintulu LNG plant are being maintained. This is slowing down shipments out of Asia’s largest LNG exporting complex.
Freeport LNG Receives Approval to Restart Operations at Phase 3 Facilities
U.S.
There Is An Estimated 6 Billion Barrels of Shale Oil Reserve in Southeast Turkey
U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.If confirmed…
Deutsche ReGas Receives EU Funding for Baltic Sea Coast Hydrogen Project
Deutsche ReGas on Wednesday said it will receive 112 million euros ($126.97 million) worth of public grants from the European Union's Hydrogen Bank for a renewable hydrogen project at Lubmin on Germany's Baltic Sea coast.The grant
Mitsui OSK To Asses EU Sanction Impact On Its LNG Vessels
Japan's second-largest shipping company Mitsui O.S.K. Lines (MOL) said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the…
SSE Reduces Investment Plans by 15% Amidst Project Delays
British utility SSE on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 billion), reflecting project delays, supply chain disruptions and also changes in the economic outlook.SSE…
Egypt's fertiliser manufacturers cut production as gas supplies are reduced
Two of Egypt's biggest fertiliser producers announced on Wednesday that they received an official notification about a two week reduction in the natural gas supply at their plants. This triggered a drop in production.
Norway's oil-drilling unions are seeking wage mediation in order to avoid a strike
Employers and three unions reported that wage talks with 7,500 oil drilling employees in Norway failed on Wednesday. This could lead to a strike later this year. The Norwegian Shipowners' Association's (NSA) talks with the Safe…
India's NTPC Green reports higher quarterly profit thanks to increased power sales and interest income
India's NTPC Green Energy (the renewable energy arm) of power producer NTPC reported a nearly tripled increase in its fourth quarter profit on Wednesday. This was driven by increased power sales and interest revenue…
Palm snaps its two-day winning streak as rising production and stocks weigh on it
The Malaysian palm futures market ended a two-day streak of gains on Wednesday. This was due to rising production and inventory levels, which weighed heavily on the market. However, stronger…
Utility SSE reduces investment plans by $4 Billion due to project delays
British utility SSE cut its investment plans for the next five years by 15% or 3 billion pounds (4,04 billion dollars) on Wednesday, due to project delays, disruptions in supply chains and changes in economic outlook.
Spot prices drop on increasing wind and nuclear power generation
The wholesale European spot electricity price fell on Wednesday, as wind speeds in the region were expected to increase and France increased nuclear supply. Demand expectations were not changed.
Orsted Shares Rise After Equinor Wind Project Gets Green Light
Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S.
Russian Arctic LNG 2 Starts Second Production Train
Russia's Arctic LNG 2 plant, which is subject to U.S. sanctions, has started production at its second train even after it has been unable to sell liquefied natural gas from a first train…
Chevron wants big oil and gas blocks, says regulator in Indonesia
Djoko Siswanto, Chairman of SKK Migas' upstream oil-and-gas regulator, stated on Tuesday that U.S. oil giant Chevron was interested in exploring and developing assets with large reserves in Indonesia.
Petronas wants Kutai Basin properties as part of the planned Eni tie up
A senior executive at Malaysian state energy firm Petronas said Tuesday that it wants to include oil projects in Indonesia's Kutai Basin as part of its joint venture with Eni. Petronas…
US oil M&A declines from highs of 2023 as buyers focus on volume over value
Dealmaking has slowed in the U.S. Oil Patch in 2025. The activity is expected to remain muted throughout the remainder of the year as some prolific buyers concentrate on extracting value…
Norway's oil & gas production higher than expected in April
Norwegian Offshore Directorate said that Norway's combined gas and oil production in April exceeded the official forecast by 1,2%, despite a slight decline year-on-year. In April, the total oil…
Saudi Arabia is prepared for multiple scenarios of oil prices, says the economy minister
Saudi Arabia's Economy Minister said that the Kingdom is prepared for all possible scenarios in terms of oil prices and budgets. According to the International Monetary Fund (IMF) and economists…
Petrobras wins in Amazon drilling but licensing is in doubt
The Brazilian environmental agency Ibama announced a decision on Monday that will allow state-run Petrobras to move closer to drilling oil in a highly sought after offshore region. However…
