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Gas giants claim that Australia's opposition plan to reserve supplies may worsen the shortage
Gas giants around the world said that a proposal made by Australia's coalition of opposition to force producers to divert more gas from exports into the domestic market in an attempt to win votes would discourage investment and not solve the looming gas shortages. The conservative…
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UK's Serica Energy reduces production forecast for 2025 due to 'frustrating Triton' issues
Serica Energy, a British oil and natural gas company, lowered its production forecast for 2025 on Tuesday due to delays at its Triton floating storage and offloading unit (FPSO) in the North Sea. The shares of the London listed firm dropped as much as 7.5%, to 124.2 pence. Serica increased its production in recent years through acquisitions…
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The price of gas in Europe is rising due to forecasts for cooler temperatures and Norwegian maintenance
Dutch and British gas rates rose on Tuesday, as forecasts called for cooler temperatures over the weekend. They also cited maintenance scheduled at certain Norwegian infrastructure this week. LSEG data shows that the Dutch front-month contract increased by 0.34 euros to 40.69 Euro per megawatt hour or 12.88/mmBtu at 0818 GMT.
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Data shows that Russia's LNG imports fell by 1.2% year-on-year in the first quarter of 2018.
LSEG's preliminary data on Tuesday showed that Russia's LNG exports in the first quarter of this year fell by 1.2% compared to a year ago, reaching 8.1 million metric tonnes. Due to U.S. sanctions over the invasion of Ukraine, Russia has been unable to increase its LNG exports. The…
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Mexico's budget draft shows that the government expects economic growth of at least 1.5% by 2025.
The Mexican government expects the economy to grow between 1.5% and 2.3 % this year. This is down from an earlier estimate of 2.0% - 3.0%. Mexico's economy is expected to enter a recession, but the growth forecast by the finance ministry is more optimistic than the estimates of the private sector or the central bank.
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Trump tariffs stymie M&As and IPOs during what was expected to be a record-breaking quarter
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations…
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M&A revenues fall as Trump pursues his tariffs. Global deal activity is disappointing
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations…
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Tokyo Gas, Japan expands its US shale-gas business with Chevron
TG Natural Resources LLC, co-owned by Tokyo Gas, Castleton Commodities International and Castleton Commodities, announced…
Latest news
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Shell sells Singapore refinery assets to Chandra Asri Glencore group
Shell announced the deal in January last year and has now closed the sale. The deadline for the completion of the deal was…
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Shell warns that Australia's gas reservations plan could worsen shortages
Shell warned Tuesday that Australia's proposal to force more gas from export onto the domestic market would end up discouraging…
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Freeport-McMoRan reduces its first-quarter gold sales estimate
Freeport-McMoRan, a gold miner in the United States, lowered its first-quarter forecast on Monday after timing issues with…
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Indigenous groups in Peru protest Glencore's Antapaccay mine
A local leader reported that members of Indigenous communities in Peru's Cusco Region blocked access to Glencore Antapaccay…
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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…
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US oil production dropped to an 11-month low, according to data.
The U.S. Energy Information Administration reported on Monday that U.S. crude production dropped by 305,000 barrels a day in January to 13…
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India increases gas prices starting April
India's government website revealed on Monday that the price for its locally produced oil field gas has increased by almost 4%…
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Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure…
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Equinor's new Arctic Oilfield will pay off $8 billion investment within 2 years
Equinor said that its Johan Castberg oilfield, located in the Arctic Barents Sea, began production Monday, after several delays.
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Kremlin: US companies show initial interest in Russian rare-earth projects
On Monday, the Kremlin announced that some American companies have expressed interest in joint rare-earth metals projects with Russia.
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The LAPFF in Britain recommends voting against BP Chairman, annual report
The Local Authority Pension Fund Forum in Britain (LAPFF), recommended to shareholders on Monday, that they vote against…
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UK shares drop after Trump announces tariff escalation
UK shares fell Monday, after U.S. president Donald Trump said that his tariffs will cover all countries. This intensified a global trade conflict.
Exploration
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The US has revoked the specific license of French oil company M&P for its activities in Venezuela
Maurel et Prom, a French oil company, announced on Monday that the Office of Foreign Assets Control of the U.S. Treasury…
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Sources say that the Energy Department may cut funding for US carbon removal hubs.
Three sources familiar with this matter have confirmed that the U.S. Department of Energy has been considering cutting hundreds…
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Alaska Governor briefs Trump on Asia Gas Push as Tariffs Bite
Alaska's Governor said that he would brief U.S. president Donald Trump's Administration after returning from Japan in the…
Drilling
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China CNOOC 2024's net profit increases 11% on record production
CNOOC Ltd., a state-owned energy company in China, posted an increase of 11.4% on a record production in 2024 despite lower oil prices.
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EIA: US crude stocks fall as refining increases.
The Energy Information Administration reported on Wednesday that U.S. crude inventories dropped last week, as refiners increased production.
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Glencore refinery in South Africa invests in cleaner fuels
Astron Energy, an affiliate of the global commodity trader Glencore will invest up six billion rands ($328 million) in order to install new equipment…
Production
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The deadline for Petrobras' deal with the vessel puts pressure on Foz do Amazonas
According to a government document, Petrobras must receive an environmental permit to drill in the Foz do Amazonas sensitive…
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UK's Energean terminates Carlyle deal
Energean, a UK-based gas company, announced on Friday that it had terminated its agreement with Carlyle to sell some of its…
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Energean reports a rise in its annual profit and flags exploration costs
Energean, a UK-based gas company, reported a 2% increase in its annual profit after taxes on Thursday. However, it also flagged…
