World Energy News

The US allows MOL, the Hungarian oil company, more time to negotiate with NIS, the Serbian oil company.

The?U.S. has?granted more time to Hungary's largest oil-and-gas company, MOL MOLB.BU. MOL announced late Saturday that the government will 'negotiate' the?purchase of a majority share in Serbian NIS NIIS.BEL. This oil company is controlled by Russia. The deal involves the purchase of a?56.16 % stake in?NIS held by Gazprom (SIBN.MM)…
Palmettos rise on expected output decline, but Indonesian uncertainty limits gains

Malaysian palm oil futures rose Monday, after two consecutive sessions of declines. Prices were supported by the expectation that production will be lower in May. However, concerns about Indonesia's B50 mandate for biodiesel and its export policies restricted further gains. By midday…
Eni and Petronas establish joint gas venture in Southeast Asia

After signing an agreement for investment in November, Eni of Italy and Petronas of Malaysia have created a joint venture that combines energy businesses throughout Indonesia and Malaysia. This move is part Eni's "satellite strategy" to separate specific assets and develop them independently with the assistance of a partner.
Ormat completes the industry's largest design for geothermal power plants

The U.S. renewable energy company Ormat Technologies has developed a design for a geothermal plant that is 'the largest in the industry. It can produce '100 megawatts from the heat of the earth, according to the company. Ormat CEO Doron Blchar said that the Ormega100 design would double its electrical output compared to the current model.
New Zealand selects two LNG terminal bidders for energy security

New Zealand announced on Tuesday that it had selected 'two' providers for the proposed liquefied gas import facility. The terminal is a major part of government plans to ensure power supplies during the dry years, as domestic gas production decreases and energy costs rise.Energy Minister…

Latest news

Shale Oil & Gas

Baker Hughes reports that US energy companies have added rigs to their fleets for the seventh consecutive week.

Baker Hughes, a leading energy services firm, said in its closely watched report published on Friday that U.S. firms added rigs this week for the seventh week 'in a row' for the first since May 202. The number of oil and gas rigs, a good indicator of future production, increased by one in the week ending June 5. It is now at its highest level since May 2025. Baker Hughes reported that the total number of rigs was up by four rigs or 1% compared to this time last year.

LNG

Sempra Begins LNG Production at Mexican Site

Sempra Infrastructure, a subsidiary of U.S. electric and gas utility Sempra, said its ECA LNG Phase 1 project has begun producing liquefied natural gas as part of commissioning activities ahead of full commercial operations.The facility will supply U.S.

Renewables

VEGOILS - Palm extends its losses but still manages to post a third weekly gain

Malaysian palm oils futures continued to lose a lot of money 'on Friday. They were weighed down by Dalian oil, which was weaker, and the new export system in Indonesia. However, they still managed to make a 'third consecutive weekly gain. The benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for August delivery fell 47 ringgit or 1.02% to 4,554 Ringgit ($1,131.43) per metric ton. This week, the contract increased by 0.42%.

The US allows MOL, the Hungarian oil company, more time to negotiate with NIS, the Serbian oil company.

Palmettos rise on expected output decline, but Indonesian uncertainty limits gains

Eni and Petronas establish joint gas venture in Southeast Asia

Ormat completes the industry's largest design for geothermal power plants

New Zealand selects two LNG terminal bidders for energy security

US judge overturns Trump's policy on wind and solar tax breaks

Nvidia's AI PC push banks on unproven demand beyond niche users

Palmettos climb on expected output decline, but Indonesian uncertainty limits gains

Latest news

Brazil's Raizen secures creditor support for $12.5 billion debt deal

US Energy Secretary says that lower gas prices will eventually lead to a resolution with Iran

The response to the auction of oil drilling rights at Alaska Wildlife Refuge is tepid

Sechin, the Russian Minister of Foreign Affairs, says that the United States benefits from the closing of the Strait of Hormuz

What are the issues that Iran and the US need to resolve before they can reach a peace agreement?

Palm oil slips as Dalian oils and Indonesian export worries weigh.

French and Benelux stocks: Factors to watch on June 5

Dajin Heavy, a Chinese wind equipment manufacturer, makes its Hong Kong debut

Norway oil companies and unions reach wage agreement, averting a strike

China's major solar companies are focusing on batteries to boost panel sales as they falter

Experts say that green jobs cannot solve South African unemployment.

TotalEnergies is silent about the Russian decision approving the sale of Arctic LNG 2 stake

Shale Oil & Gas

Baker Hughes reports that US energy companies have added rigs to their fleets for the seventh consecutive week.

What are the issues that Iran and the US need to resolve before they can reach a peace agreement?

French and Benelux stocks: Factors to watch on June 5

Norway oil companies and unions reach wage agreement, averting a strike

LNG

Sempra Begins LNG Production at Mexican Site

TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake

SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply

Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs

Renewables

VEGOILS - Palm extends its losses but still manages to post a third weekly gain

Palm oil slips as Dalian oils and Indonesian export worries weigh.

Dajin Heavy, a Chinese wind equipment manufacturer, makes its Hong Kong debut

China's major solar companies are focusing on batteries to boost panel sales as they falter

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