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Argent LNG receives US approval to export to countries with free-trade agreements
The U.S. Department of Energy authorized?Argent?LNG to sell liquefied gas from its proposed Louisiana terminal to countries with free-trade agreements that include the U.S. This is a major federal approval for the developer as it moves towards a final decision on the project. Argent LNG, a privately-held U.S.
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Baker Hughes reports that US energy companies have cut back on drilling for the first time in six-weeks.
Baker Hughes, a closely-followed energy'services' firm, said in a report on Friday that U.S. firms have cut back the number of operating rigs for the first six weeks. Total oil and gas rig counts, an indicator of future production, dropped by one in the week ending July 24. This is the lowest level since mid-July.
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Saipem, Italy's Saipem, lowers its earnings forecast for 2026 due to the Middle East crisis
Saipem, an Italian oil and gas contractor, revised its expectations for core earnings in 2026 to take into account additional costs relating to the Middle East crisis. Saipem said that the recent sale of its shallow water drilling business had also affected the estimate for full year.
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Baker Hughes predicts lower oil and gas spending in 2026
Baker Hughes announced on Monday that it expects global oil and gas spending to be down modestly in 2018. The company said this is due to a decline in spending in Europe, the Middle East, and offshore Africa. The energy markets have been affected by the repeated flare-ups in the conflict between Iran and the U.S.…
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Palm extends its losses on weaker crude and soyoil, while robust demand limits the fall
The?market for Malaysian palm oil futures continued to decline on Tuesday as weaker crude oil and soyoil price pressures weighed down the?market. However, robust demand limited the 'decline. By midday, the benchmark palm 'oil 'contract for October delivery at the Bursa Derivatives exchange had fallen 44 ringgit (0.94%) to 4,629 Ringgit ($1,133.45).
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Sources say that India will import up to a quarter of its LPG from the US by 2027
Three sources familiar with the matter have confirmed that India intends to purchase up to one quarter of its liquefied gas…
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Prices for gas in Europe continue to fall after US and Iran pause their attacks
* ?U.S. *?U.S. ICE data revealed that the benchmark Dutch front-month contracts at the TTF 'hub were down EUR1.313 to EUR56.94/per…
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Russell: The imports of thermal coal from Asia continue to rise, except in India
Asia increased thermal coal imports for the third consecutive month in July as major buyers like China, Japan and South Korea…
Latest news
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Wall Street closes mixed as investors pay attention to tech earnings
Wall Street closed Monday with a?mixed bag, as investors awaited guidance for major technology companies during a busy quarter of quarterly earnings…
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Investors focus on tech earnings as S&P and Nasdaq drop
Wall Street fell on Monday as investors feared that "stubbornly" high oil prices would force the Federal Reserve into raising interest rates.
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Baker Hughes predicts lower oil and gas spending in 2026
Baker Hughes announced on Monday that it expects global oil and gas producers to reduce their annual spending modestly in this year.
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Apollo Global to invest $1.5 billion in Keppel oil rig fund
The two companies announced on Monday that Apollo Global Management will invest $1.5 billion into Keppel, a Singaporean company.
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Malawi installs the first utility-scale solar battery
Malawi completed the installation of the only utility-scale storage system in southern 'Africa outside South 'Africa and Namibia.
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Baker Hughes, a provider of oilfield services, beats Q2 earnings estimates
Baker Hughes reported a stronger-than-expected second quarter as the oilfield ?services and energy technology company benefitted…
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Low Danube levels cause output of Serbia's largest hydropower plant to fall by a third
The CEO of the state-owned power utility EPS stated late Friday that Serbia's largest hydropower plant Djerdap 1 is only…
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Bloomberg News reports that HF Sinclair has sued the EPA over delays in a decision on biofuel exemption.
HF Sinclair has filed a lawsuit against the?U.S. Bloomberg News reported?on Friday that the Environmental Protection Agency…
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Canadian Solar opens US Solar Cell Factory in Indiana
Canadian Solar has opened a new solar cell manufacturing facility in Indiana. The company claims that this will fill a major gap in U.S.
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NextEra Energy beats second-quarter profit estimates
NextEra Energy beat Wall Street expectations for the second quarter adjusted profit on Friday. This was due to increased…
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Top US oilfield services firm SLB beats quarterly profit estimates
SLB beat Wall Street expectations for the second quarter profit on Friday as resilient demand in key'markets' helped the top U.S.
Shale Oil & Gas
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Argent LNG receives US approval to export to countries with free-trade agreements
The U.S. Department of Energy authorized?Argent?LNG to sell liquefied gas from its proposed Louisiana terminal to countries…
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FT reports that BP is close to a deal to sell its solar business to a Kuwait-backed group.
The Financial Times reported that BP has advanced discussions to sell its Lightsource solar business to a consortium backed Kuwait's sovereign fund.
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The financial week in five charts - Houthis and gilts, wildfires and more
Open Interest (ROI), every Friday, distills the past five days' financial activity into a series of charts that highlight the most important trends…
LNG
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
Renewables
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Low Danube levels cause output of Serbia's largest hydropower plant to fall by a third
The CEO of the state-owned power utility EPS stated late Friday that Serbia's largest hydropower plant Djerdap 1 is only…
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Bloomberg News reports that HF Sinclair has sued the EPA over delays in a decision on biofuel exemption.
HF Sinclair has filed a lawsuit against the?U.S. Bloomberg News reported?on Friday that the Environmental Protection Agency…
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Canadian Solar opens US Solar Cell Factory in Indiana
Canadian Solar has opened a new solar cell manufacturing facility in Indiana. The company claims that this will fill a major gap in U.S.
