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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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Rosneft announces a jump in Q1 revenue, but warns that attacks could damage assets
The company reported that the first-quarter net profits?of Russia’s largest oil producer,?Rosneft, jumped seven-fold from…
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GE Vernova's bid to stop work at New England wind farm is rejected again
A Massachusetts judge refused to lift an injunction that 'forced' turbine supplier GE Vernova?to?continue working on the…
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Amanda Blanc, an independent director, is tasked by BP to head the search for the next chairman.
Ian 'Tyler, the BP interim chair said that BP had asked Amanda Blanc, a senior independent -director to lead the scouting for the next chairman.
Latest news
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Russia increases pressure on Armenia before Sunday's elections
Russia is increasing its pressure on Armenia in advance of the June 7 elections, as this once-close ally seeks to deepen…
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WSJ reports that BP's ousted Chairman Manifold had a clash with the director over deal negotiations.
The Wall Street Journal, citing sources familiar with the situation, reported that BP's formerly ousted chairman Albert Manifold…
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Data shows that Russian LNG exports rose 11.5% from January to May.
The preliminary LSEG data on Monday showed that Russia's exports grew by?11.5% from January to May compared to a year ago…
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BP Gas and Low Carbon Chief William Lin to depart -memo confirmed as true by spokesperson
William Lin, BP's head of low-carbon gas and business, is preparing to leave as the oil giant reorganises. A BP spokesperson…
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Russia increases pressure on Armenia before Sunday's elections
Russia is increasing its pressure on Armenia in advance of the June 7 elections, as this once-close ally seeks to strengthen…
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Fuel retailers in the Middle East are not taking advantage of the crisis, says UK regulator
The UK's competition regulator found no evidence that retailers had altered their fuel pricing strategy to take advantage the Middle East Crisis.
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BP begins commercial production of non-associated gas at Azerbaijan’s ACG field
British ?energy major BP said on Monday ?commercial production of non-associated gas ?has begun at the ?energy-rich Azeri…
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EUROPE GAS-European Gas Prices Rise after US and Iran Exchange Strikes
Dutch and British wholesale gas contracts rose Monday morning, after Iran and the United States exchanged strike?and Israel…
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Glencore South Africa's smelter cancels job cuts planned after electricity deal
Glencore's South African ferrochrome smelting division announced on Monday that it had cancelled plans to lay off up to 1…
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BP sells 5% of the Australian Browse LNG Project to South Korea’s GS Energy
GS Energy, a South Korean company, has agreed to buy 5% of BP's stake in Browse - a liquefied gas project in Western Australia.
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Norway Oil Sector Workers Threaten Strike from June 5,
Labour union data revealed that nearly eight percent of Norwegian offshore oil and gas workers intend to strike if the state…
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Wildfire Season Returns to Canada's Oil Sands
Wildfire season is back in Canada's oil sands area, with seven active fires on Sunday. This poses a risk to communities, workers and investors.
Shale Oil & Gas
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Norway Oil Sector Workers Threaten Strike from June 5,
Labour union data revealed that nearly eight percent of Norwegian offshore oil and gas workers intend to strike if the state…
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Wildfire Season Returns to Canada's Oil Sands
Wildfire season is back in Canada's oil sands area, with seven active fires on Sunday. This poses a risk to communities, workers and investors.
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Baker Hughes reports that US drillers have added oil and natural gas rigs to their fleet for the sixth consecutive week.
Energy services firm Baker Hughes said that U.S. energy firms added oil and gas rigs in the United States for a sixth consecutive week.
LNG
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
Renewables
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The price of renewable fuel credits has reached new records due to the U.S. biofuel mandates and oil market volatility
Renewable fuel credits for the year 2026 reached record levels on Thursday, and they continued to rise on Friday. This was…
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The European Commission promises tougher actions on trade with China
The EU's relationship with China in terms of trade and investment is "not sustainable", according to the European Commission…
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VEGOILS - Palm oil records a second consecutive weekly gain
Malaysian palm oils futures reversed gains and closed lower on Friday, but they still booked their second consecutive weekly gain of 1.09%.
