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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.The…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Vingroup Vietnam signss pact with Maharashtra India to explore $6.5 billion in investments
Vingroup, Vietnam's biggest conglomerate, signed on Friday a memorandum?of?understanding? with India's Maharashtra state government. The two parties agreed to explore $6.5 billion in investments that would help build a'multi-sector eco-system' in the financial capital. Vingroup will now have a stronger presence in India.
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Baker Hughes reports that US drillers have cut oil and gas rigs three times in the last four weeks.
Baker Hughes, a renowned energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the third consecutive week. The number of oil and gas drilling rigs, a good indicator of future production, dropped by three in the week ending April 10 to 545, the lowest level since late March.
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Brazil's ethanol industry is ready to meet demand for higher blends
Industry figures say that Brazil's ethanol producers are prepared to increase production if the government increases the legal blend of anhydrous alcohol?blended into gasoline this year from 30% to 32 percent. They also said that production was?on its way to a record. Brazil's government…
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Botswana signs mineral and energy exploration deal with Oman
The presidency announced on Monday that a trip to Oman to strengthen economic relations led by the Botswana president resulted in multiple agreements…
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South Africa signs new climate loan and critical minerals agreement on Germany's visit
South Africa's Foreign Minister said that Germany had agreed to give South Africa an additional 200 million euro concessional climate loan.
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McGeever: Wall Street's fantasies about earnings may be a harsh reality soon.
There's something not quite right. Geopolitical risks are out of control. U.S. Oil prices have increased over 70% in the past year.
Latest news
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Eni CEO: EU should reconsider plans to ban Russian gas imports
Eni's head, an Italian energy company, says that the?European Union needs to reconsider its plans for a gradual?ban on imports…
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Palm prices rise as Middle East tensions spur buying interest
Malaysian palm futures rose slightly on Monday, recovering from the previous session’s loss. Geopolitical concerns in the…
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Prices of EUROPE GAS rise after US-Iran talks fall short
Dutch and British gas rates?rose? on Monday, after U.S. and Iran talks failed to reach an agreement to end the war, jeopardizing…
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Baker Hughes sells Waygate Unit to Hexagon For Around $1.45 Billion
Baker Hughes, a provider of oilfield services, sold its Waygate Technologies division to Hexagon, a Swedish industrial technology…
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BP will buy three offshore Namibian block as the shift towards oil and gas intensifies
BP has agreed to purchase an operating 'interest' in three offshore exploration -blocks in Namibia, from Canada-based Eco Atlantic Oil & Gas.
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Japanese shares fall as US-Iran negotiations fail and a naval blockade is looming
Japanese shares closed lower on Monday after the U.S.-Iran talks broke down over the weekend. The American Navy also prepared…
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TotalEnergies finds hydrocarbons near existing production sites in Congo
PARIS, '13 April - French oil giant TotalEnergies announced on Monday that it had found hydrocarbons in a drilling campaign…
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Palm prices rise by over 1% amid Middle East tensions
The price of Malaysian palm oil futures rose by more than 1% on Monday. This was a slight improvement from the previous session…
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Asia increases US LPG imports in order to replace Middle East LPG supply
Analysts and traders said that Asia's largest liquefied gas (LPG), including India and China are racing to replace Middle…
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Australia PM Albanese will visit Brunei and Malaysia to shore-up fuel supply
The Australian Prime Minister Anthony Albanese is visiting Brunei this week and Malaysia next, as part of his diplomatic…
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Vineyard Wind sues GE Vernova for preventing it from abandoning its wind farm
Vineyard Wind filed a suit to stop a GE Vernova unit that supplies wind turbines from cancelling agreements and abandoning…
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France doubles its support for electricity use as a source of energy
The French government will double its current support for the country by spending up to 10 billion euro ($11.72 billion), annually, until 2030.
Shale Oil & Gas
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Australia PM Albanese will visit Brunei and Malaysia to shore-up fuel supply
The Australian Prime Minister Anthony Albanese is visiting Brunei this week and Malaysia next, as part of his diplomatic…
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FERC approves NextDecade’s request for more employees and longer hours in Texas
According to a'regulatory filing,' U.S. federal regulatory authorities approved on Friday a request by NextDecade for an…
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The US is still Spain's largest gas supplier, but Russian shipments are on the rise
Enagas data showed that liquefied natural gas from the United States was Spain's largest?gas supplier in March. However,…
LNG
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the sta
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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture…
Renewables
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Vineyard Wind sues GE Vernova for preventing it from abandoning its wind farm
Vineyard Wind filed a suit to stop a GE Vernova unit that supplies wind turbines from cancelling agreements and abandoning…
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France doubles its support for electricity use as a source of energy
The French government will double its current support for the country by spending up to 10 billion euro ($11.72 billion), annually, until 2030.
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Sources say that Iberdrola has put a $1 billion sale of solar stakes on hold.
According to two people familiar with the matter, Iberdrola is putting on hold for now its attempt to sell a?minority stake…
