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Breakaway Moldovan Region claims it received gas supplies backed up by Russian loan
Separatist authorities announced on Friday that the pro-Russian Transdniestria region of Moldova, which is a breakaway region, has begun receiving gas under a Moscow loan. Transdniestrian leader Vadim Krsnoselsky stated in a Telegram statement that the Russian loan assistance as well…
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US drillers added oil and gas drilling rigs in the third week of a row, according to Baker Hughes
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the third consecutive week for the first since December 2023. The number of oil and gas rigs, a good indicator of future production, increased by two in the week ending February 14 to 588.
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Cyprus and Chevron led group agree on updated offshore field plan
Cyprus and the Chevron-led group have reached an agreement on a new development plan for an offshore gas field near Cyprus. The two parties released a joint press release on Friday. Chevron tried to change a field development plan for 2019 and this led to protracted discussions on the future of the Aphrodite field, south-east from Cyprus.
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Trump creates Energy Council to promote US oil and gas
The administration of President Donald Trump announced on Friday that it had granted a licence to Commonwealth LNG for the export of liquefied gas in Louisiana. This is the first time since former president Joe Biden stopped exports at the beginning of last year. Exports to Asia and Europe are approved.
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US Judge rejects Republican challenge to Biden's ESG investment rule
A federal judge in Texas upheld a rule that was adopted by Democratic former president Joe Biden that allowed socially conscious investments by employee retirement plans. The judge said it remained valid after a U.S. Supreme Court decision that curbed the regulatory powers of agencies. U.S.
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Schedule for US Energy Data in the week of February 16
The Presidents Day federal holidays on Monday, February 17, will impact the release schedule for some major energy data that…
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Peru Copper Production to Decline in 2024 from 2.74 Million Tons
The Peruvian mining ministry announced on Friday that copper production in 2024 will be 2,736,150 tons, a 0.7% decrease from 2023.
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Experts say that Russia is struggling to meet its LNG targets
Experts said that due to the international sanctions, Russia's LNG exports will probably not reach 67 million tons by 2030.
Latest news
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Aker BP's top shareholder claims that the company has opportunities for acquisition.
Aker BP is a Norwegian oil exploration and production firm that was formed through a series mergers and purchases in the past decade.
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Glencore rejects an approach to its DRC operations in the last year
Glencore, a commodity and mining trader, said that it rejected a non-invited approach by an unknown buyer at the end of the…
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TSX futures flat amid US tariffs uncertainty
The futures linked to Canada's major stock index were tepid on Friday as investors awaited further details about U.S. tariffs.
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ADNOC Drilling plans to refinance $1.25 billion worth of debt
ADNOC Drilling, a division of the state oil company in the United Arab Emirates, wants to refinance its debt due later this year…
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EUROPE GAS - Dutch benchmark falls to two-week low due to weather, storage hope and peace talks
The benchmark Dutch Gas Contract fell on Friday, to its lowest level in over two weeks. This was due to forecasts for milder…
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Wood Group shares in the UK fall 30% after a negative cash flow forecast
John Wood Group shares fell 30% in the early trading of Friday, after the British engineering company announced that its…
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Freeport Indonesia has reduced its copper ore production to 60% of capacity
Tri Winarno, a senior official in the Energy and Mineral Resources Ministry, said that PT Freeport Indonesia had reduced…
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Trump announces that the US will increase its military sales to India and eventually provide F-35 Jets
Donald Trump, the U.S. president, said that the United States would increase its military sales to India beginning in 2025.
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DeepSeek fears subside, US power companies spend more on data centers
U.S. Electric utilities are increasing their spending plans by tens and even hundreds of millions of dollars in order to…
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Germany wants EU to relax its gas storage targets
The German ministry of economic affairs and climate said that they are concerned about the cost. In response to the disruption…
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AEP considers a $10 billion increase in its five-year capital expenditure plan to meet data center demand
American Electric Power said on Thursday that it would consider adding $10 billion to the $54 billion capital plan, which is a record.
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DTE Energy's capital expenditure plan is increased, but the fourth-quarter profits are lower due to lower rates
DTE Energy increased its five-year plan for capital expenditures by $5 billion, on Thursday. The utility had posted a decline…
Exploration
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Shell should be held responsible for oil spills in Nigeria, says community leader before UK trial
Shell must take responsibility for the environmental damage caused in Nigeria by oil spills. A community leader made this statement on Thursday…
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The IEA reports that Russia's oil exports increased to $15.8 Billion in January.
The International Energy Agency reported on Thursday that Russia's commercial revenue from crude oil and oil product sales…
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Norway Oil Industry expects record investments in the coming year
A survey by the Norwegian National Statistics Office (SSB) on Thursday showed that Norwegian oil and natural gas investments…
Drilling
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Sources: Validus Energy will buy natural gas producer, 89 Energy III, for $850 Million.
Sources familiar with the deal said that Validus Energy, a privately owned U.S. gas and oil producer, has agreed to purchase 89 Energy III…
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Aker BP and Total are seeking to increase their stakes in the giant Equinor oilfield
Aker BP announced on Wednesday that TotalEnergies, Aker BP and Equinor are seeking a review of their shares in Equinor’s…
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Aker BP and Total are seeking to increase their stake in the giant Equinor oilfield
Aker BP announced on Wednesday that TotalEnergies, Aker BP and Equinor are seeking an independent assessment of their stakes…
Production
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Guyana gives Frontera and CGX Energy 30 days notice to cancel their Corentyne license
The Canadian energy companies reported that the Guyana government has given CGX Energy a 30-day warning to cancel the joint…
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Sources say that US energy company Talos is set to name Shell CEO Goodfellow its next CEO
Two people with knowledge of the matter confirmed on Sunday that Talos Energy is preparing to appoint veteran Shell executive Paul Goodfellow…
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Infinity Natural, backed by Pearl Energy, valued at $1.3 Billion as shares soar in NYSE debut
Infinity Natural Resources, a company owned by private equity, was valued at $1.3 billion after its shares rose 10.8% on…
