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Victoria Launches First Australian Offshore Wind Auction
The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
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Officials: US company to take over Venezuela oilfields that were previously operated by Chinese and Russian firms
Two U.S. officials said that the U.S. company North American Blue Energy Partners will be taking over oilfields controlled by several Chinese firms and a Russian firm. They said that the takeover would be part of an?oil?production agreement President Donald Trump had announced with Venezuela.
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Nepal rescuers reach remote regions, and electricity is restored almost a week following devastating floods
Rescuers in Nepal built temporary bridges and dug into the ruins of hydropower projects to rescue nearly 300 trapped workers. This was almost a week after devastating floods devastated the towns and valleys across the country. Around 600 people are still trapped in several hydropower stations which have become the focal point of rescue efforts.
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Palm oil gains over 1% as rival crudes and oils are stronger
The price of Malaysian palm oil futures increased by more than 1% on Tuesday as the gains in rival edible oil and crude oil prices were offset by weak data from cargo surveyors on August exports. The benchmark palm oil contract for November delivery at Bursa Derivatives Exchange grew 77 ringgit or 1.57% to 4…
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Nepal's hydropower ambitions are tested by deadly floods
The floods in Nepal that destroyed a tenth its?electricity production capacity last week cast doubts on the ambitious plans for hydropower expansion. This forced the country to turn to India, a long-time power exporter, to keep the lights on. Nepal is largely reliant on hydropower for its?electricity?
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Australia's new shale-basin Beetaloo delivers first gas
The first gas flowed from the Beetaloo Basin in Australia to Darwin, Tuesday. Developers hope that this will show a steady…
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Sources say that Trump's oil agreement with Venezuela raises concerns for some major producers.
Sources familiar with the matter said that the unprecedented deal between the U.S. and Venezuela to gain access to a quarter…
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Palm oil jumps by 2% as rival crudes and oils are stronger
The price of Malaysian palm oil futures increased by?2% Tuesday, as the support from rivals?edible oil and crude oil rose…
Latest news
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Officials say that US oil company will take over Venezuelan oilfields that were previously operated by Chinese and Russian firms
Two U.S. officials have confirmed that North American Blue Energy Partners, a U.S.-based oil company, will take over some…
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Wall Street closes lower due to a jump in oil prices, while indexes post monthly gains
?U.S. Stocks fell on Monday as Wall Street turned the page on an unpredictable month. A war-related rise?in crude oil prices…
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Sources say that Trump's oil agreement with Venezuela raises concerns for some major producers.
Sources familiar with the situation said that the unprecedented deal between the U.S. and Venezuela to access a fifth of the country's oil reserves…
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Colombian oil service firms move into Venezuela amid deal announcements, trade group says
Following the announcement of new exploration and production contracts and reactivation, Colombian oil service and goods…
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Officials say that some Chinese and Russian oil companies lose out under the US-Venezuela deal
Two U.S. officials have confirmed that the U.S. company North American Blue Energy Partners is taking over some oilfields…
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How do Caracas, Washington and other countries structure a huge oil production deal?
Venezuela and the U.S. announced a large-scale oil-production agreement last week. To develop even a small portion of the…
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International court: India must respect water sharing treaty with Pakistan
The Permanent Court of Arbitration at the Hague has said that India must respect a water-sharing agreement with Pakistan…
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SLB expands its data center business by $3.4 billion with Kelvion
SLB announced on Monday that it would acquire cooling equipment manufacturer?Kelvion, from Apollo Global & funds managed by Triton…
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Nepal starts mass burials for flood victims who are not identified as families search for missing
Chitwan, a district in Nepal known for its rivers and forests, is now the site of mass graves for unidentified victims, whose…
Shale Oil & Gas
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How do Caracas, Washington and other countries structure a huge oil production deal?
Venezuela and the U.S. announced a large-scale oil-production agreement last week. To develop even a small portion of the…
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Kharg Island, Iran and its energy sector
Oil has jumped on the escalating tensions with Iran, including a post created by AI for U.S. president Donald Trump, who…
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SLB expands its data center business by $3.4 billion with Kelvion
SLB announced on Monday that it would acquire cooling equipment manufacturer?Kelvion, from Apollo Global & funds managed by Triton…
LNG
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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy…
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
Renewables
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International court: India must respect water sharing treaty with Pakistan
The Permanent Court of Arbitration at the Hague has said that India must respect a water-sharing agreement with Pakistan…
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Sources say that the US is expected to approve the expanded biofuel waivers on Monday.
According to two sources familiar with the issue, the Trump administration will likely approve a larger number of exemptions for U.S.
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Nepal hydropower sites are at the heart of flood relief efforts
Rescue teams in Nepal searched tunnels, debris-choked projects and hydropower sites through the weekend. They raced to reach nearly a 1…
