As the election approaches, Australia's richest woman says she wants Trump like reforms
Gina Rinehart, a mining magnate in Australia, is calling on the country to adopt a Donald Trump-style of leadership and cut government spending while increasing defence expenditures and energy security. The country will be voting this weekend. Rinehart, a vocal Trump supporter, attended the inauguration party of President Trump in Mar-a-Lago, Florida, in January. She said that Australia would benefit more from adopting a similar strategy to "whine and complain" about Trump's policies.
Technip Energies raises revenue guidance for project delivery in 2025
Technip Energies, a French energy infrastructure firm, upgraded its annual revenue expectations on Wednesday for its project-delivery segment, but increased its annual revenue guidance at its technology, product and services division. The company cited macroeconomic uncertainty as the reason. Due to better visibility, the group, which specializes in energy technology, has raised its 2025 revenue guidance for its project delivery segment from 5.0 to 5.4 billion euro to between 5.2 and 5.6 billion ($6.37 billion).
Petrobras reports slight decline in oil and gas production for the first quarter
Petrobras, the state-owned oil company in Brazil, reported Tuesday that it produced 2.77 million barrels equivalents of oil per day (boed), down 0.2% compared to a year ago. Petrobras said that its oil production in Brazil dropped by 1% on an annual basis, reaching 2.21 million barrels of oil per day (bpd). The firm also added that the Almirante Tamandare FPSO began producing at Brazil's Buzios Field in February. The start-up of operations for the FPSO Almirante Tamandare represents a sustainable increase in production, said Renata B.
Malaysian Minister urges palm oil sector to support biofuel initiative
Malaysia's commodities ministry has called on the palm oil industry in Malaysia to support a biofuel project that turns palm oil wastes into clean energy sources, according to state-run media Bernama. Plantation and Commodities minister Johari Abdul-Ghani revealed that the technology developed by renewable energy company Wilhelmina Malaysia Energy Sdn Bhd based in Netherlands transforms empty fruit bundles (EFBs) collected from palm oil plantations into an energy source.
Sources say that Brazil will offer tax incentives to attract data center investment.
Four sources with knowledge of the matter said that the Brazilian Finance Minister Fernando Haddad is planning to start a trip this week to Silicon Valley with a plan designed to attract data centers into his country through the exemption of federal taxes on technology investments. Haddad's visit to California includes a breakfast on May 6 with tech executives in Palo Alto. He will promote Brazil as an infrastructure hub that is sustainable, using the abundant renewable energy available.
Hong Kong listings indicate a market in full swing, despite tariff tensions elsewhere.
Hong Kong's stock markets are still active despite the trade tensions between China and the U.S. Book building for these deals is occurring as the global financial markets are roiled due to the massive tariffs that the U.S. has imposed on China's trade. These tariffs threaten the commerce which underpins growth in the two world's largest economies. Companies are holding off on new offerings and listings due to the uncertainty. Despite the turmoil, some Chinese firms are still going strong.
Indonesia wants fair and square trade in US tariff discussions
Indonesia's senior economic minister, and its top negotiator, said that it is prioritizing its national interests in ongoing negotiations about U.S. Tariffs. It wants to have a "fair-and-square" trade relationship. Airlangga hartarto, head of the delegation, and Sri Mulyani indrawati, finance minister, have been in the United States for the last week, negotiating proposed tariffs of 32% that the U.S. would like to impose upon Indonesia. The tariffs were put on hold for 90-days.
US wants to increase offshore oil drilling through easing of pressure rules
The U.S. Interior Department announced on Thursday that it had implemented new guidelines regarding pressure differentials allowed in certain types of oil drilling, in part of Gulf of Mexico. The department expects the changes to boost U.S. output of oil. The Energy Dominance Council, led by Doug Burgum, Interior Secretary to President Donald Trump, is seeking ways to reduce costs for oil and natural gas producers, lower regulations, and increase oil production, which was at record levels during the tenure of former President Joe Biden.
Baker Hughes' first-quarter profits beat expectations on the back of strong demand for natural Gas Technology
Baker Hughes, a U.S. oilfield technologies firm, beat Wall Street expectations for the first-quarter profits on Tuesday thanks to a robust demand for natural Gas technology. The positive results are coming as oilfield service firms prepare for the impact of the tariffs introduced by the President Trump. These are expected to increase costs and disrupt sourcing of materials that are used in equipment such as drill pipes and artificial lifting systems.
IMF: AI's economic benefits will likely outweigh its emissions costs
The International Monetary Fund (IMF) said that the benefits of artificial intelligence would boost global production by 0.5% per year between 2025-2030, and outweigh the rising costs associated with the carbon emissions from the data centres required to run AI models. The IMF released a report at its annual spring meetings in Washington that noted the fact that these output gains were not shared equally around the globe. It called on governments and businesses to minimize costs to society.
Elliott builds $1.5-billion stake in Hewlett Packard Enterprise
A person with knowledge of the matter confirmed on Tuesday that hedge fund Elliott Investment Management had built up a stake in Hewlett Packard Enterprise worth more than $1.5 Billion. Elliott, one the world's largest activist investors, is now among the biggest investors in the company and plans to engage the management, according to the person who wasn't allowed to discuss the campaign publically. It was not immediately clear what Elliott might be trying to convince HPE, a company valued at 20 billion dollars, to do.
Shell and Bulgaria sign a contract for Black Sea oil and gas exploration
Shell signed with the Bulgarian government a contract on Tuesday that gives the oil giant the rights to explore a Black Sea field for oil and natural gas. Shell will be able to explore 4,00 square metres of the Block 1-26 Khan Tervel Field. Bulgaria, a member of the European Union, was totally dependent on Russian Gas until 2022. It has sought to diversify and find cheaper gas sources. OMV Petrom, NewMed Energy and the Bulgarian Government signed a contract last month for the exploration of oil and gas in another field near the Black Sea.
European shares increase as Trump lowers China tariffs
After U.S. president Donald Trump exempted smartphones and computers from China's steep tariffs, a rally in technology shares helped lift European stocks on Monday. This provided markets with a breather after weeks of sharp fluctuations. STOXX 600, the pan-European index, was up 2.1% at 0824 GMT after posting its third consecutive week of losses on Friday. The global markets have been rattled by weeks of back and forth over tariffs, which has pushed the benchmark index roughly 12% below its previous record-breaking closing high.
Chevron will triple-frac half of Permian wells by 2025 in order to reduce costs and time
HOUSTON, 9 April - U.S. Oil Major Chevron plans on increasing the use of a method that allows it fracture subterranean rocks in three wells simultaneously in the Permian Basin, according to the company. This is in an attempt to reduce the time and costs of oil production. Chevron, the second largest U.S. producer of oil, is expanding the triple-frac technique as it expects to increase production in the Permian oilfield - the largest U.S. field - even though the company has begun to reduce spending.
BPCL and Sembcorp form a joint venture to develop renewables, green hydrogen in India
Bharat Petroleum Corporation, an Indian refiner, signed a joint-venture agreement on Tuesday with Singapore's Temasek backed Sembcorp for the development of green hydrogen and renewable projects in India. According to the companies, the joint venture will also look at projects in green ammonia bunkering and production, emission reduction for port operations, as well as other green fuel technology. The deal is made at a moment when India wants to reduce its dependence on fossil fuels…
US EPA approves Texas' first CO2 injection well
The U.S. Environmental Protection Agency issued the first permit in Texas to oil company Occidental to allow drilling for carbon dioxide storage and injection on Monday. Oxy Low Carbon Ventures, a subsidiary of the company, received a Class VI permit for drilling three CO2 wells at Ector County within the Permian basin. The project is part of Stratus Direct Air Capture joint venture between BlackRock and Oxy Low Carbon Ventures to inject 8.5 millions metric tons CO2.
Octopus Energy, a British company, has bought a stake in the East Anglia One windfarm
Octopus Energy, a British company, announced on Thursday that its Octopus Energy Generation division had purchased a 10% share in the East Anglia One Wind Farm, which is one of the largest operating wind farms in the world, supplying electricity to around 700,000 households a year. The unit's fourth investment in an offshore wind farm in Britain and seventh in Europe, the financial terms of the deal were not disclosed. Octopus Energy Generation has a portfolio worth around 5 billion pounds ($6.5billion) of renewable energy in Britain.
Israeli Firm Gets Final Permit for US Wave Energy Demo
Eco Wave Power, an onshore wave energy technology company, has received a final permit for the construction and demonstration of its wave energy technology in San Pedro, California.The Revocable Permit 25-05 by the Port of Los Angeles was executed on behalf of the Executive Director, Eugene D. Seroka on March 27, 2025.This permit is the final approval required for Eco Wave Power to start construction of its pilot project, following it…
Sources say that the White House is considering an executive order to speed up deep-sea mines.
Two sources who are directly involved in the White House's deliberations say that they are considering an executive order which would expedite permits for deep sea mining in international waters. This would allow mining companies to bypass a United Nations review process. The order, if signed, would be the latest effort by U.S. president Donald Trump to tap into international deposits of nickel and copper, and other essential minerals that are widely used across the economy, after recent efforts made in Greenland, and Ukraine.
Brazil's Eike Batista eyes new $500 mln Gulf investment in 'supercane' project
Eike Batista was once Brazil's richest businessman. He said that a Gulf investor would soon announce a $500-million investment in his project to use modified sugarcane for the production of sustainable fuels. Batista said that the project had already received $500 million in funding from Sao Paolo's private development bank Brazilinvest and aims to secure another investment of this size from a strategic investor from the United Arab Emirates. Batista’s commodities and energy industry collapsed more than a decade before.
