World Energy News

Australian shares are down as consumer and bank stocks fall; commodity stocks hold back losses

Australian shares fell on Monday, as losses in consumer and financial stocks were offset by gains in commodities. Meanwhile, 'Vault Minerals' surged to its highest level in four months after Genesis Minerals made a $5.6 billion takeover offer. The S&P/ASX 200 Index?fell?0.2% at 08826…
Congo does not see any major threat to its copper and cobalt production from the Middle East Crisis

A senior mining official said that the Democratic Republic of Congo did not expect any significant disruptions in copper and cobalt output this year because of chemical supply constraints resulting from the Middle East conflict. U.S. - Iran conflict, which began on February 28, and is largely over after a?last month interim peace treaty has halted…
BP withdraws from Bay du Nord oil projects, leaving Equinor the sole owner

BP and Equinor have agreed to sell their stakes in the Bay du Nord oil project off the coast of Canada. The British energy giant is now focusing on opportunities with higher returns. Equinor, a Norwegian company, will acquire BP's 37.2% share of Bay 'du Nord under the agreement. The companies did not disclose financial details.
Germany to introduce investor-friendly reforms in gas power stations

According to a draft document that will be presented to the German parliament on Thursday, the governing coalition in Germany has agreed to reforms to encourage?the construction of gas power stations? and attract investment. The conservatives of Chancellor Friedrich Merz and their…
Axios: Iran fires missiles against commercial ships in Strait of Hormuz

Axios, citing two U.S. government officials, reported that Iran's Revolutionary Guards fired at least 2 missiles on commercial ships passing through the Strait of Hormuz Monday night. The report cited a U.S. government official as saying that two commercial ships sustained?significant damages but no casualties. The U.S.

Latest news

Shale Oil & Gas

Total losses from the US-Iran War still trail 1979 Oil Shock

LONDON, 3 July - According to calculations based upon data from the International Energy Agency, OPEC, and the U.S. Department of Energy, the 1979 Iranian Revolution is the greatest 'oil crisis in terms of cumulative supply losses. The U.S. and Israeli war against Iran has prompted comparisons to the 1973 Arab oil 'embargo', the Iranian Revolution, and the Gulf War of 1991, while highlighting the evolution of global energy markets.

LNG

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not," said the letter dated June 1 from the office of EU Energy Commissioner Dan Jorgensen…

Renewables

VEGOILS - Palm oil drops to a near 3-week low and suffers a second weekly loss

Malaysian palm oil futures fell?to an almost three-week low Friday amid expectations of rising production and increasing?stockpiles. The benchmark palm oil contract for September delivery at the Bursa Derivatives Exchange fell 23 ringgit (0.51%) to 4,483 Ringgit ($1,102.29), its lowest level since June 15. This week, the contract dropped 1.86%. Anilkumar bagani, commodity head at Sunvin Group, says that market participants expect a rise in production…

Australian shares are down as consumer and bank stocks fall; commodity stocks hold back losses

Congo does not see any major threat to its copper and cobalt production from the Middle East Crisis

BP withdraws from Bay du Nord oil projects, leaving Equinor the sole owner

Germany to introduce investor-friendly reforms in gas power stations

Axios: Iran fires missiles against commercial ships in Strait of Hormuz

El Nino concerns and palm oil extends its gains over stronger rival oils

Source: Germany to set aside up to EUR1.5bn for emergency gas reserves

Cafu says Brazil must learn how to play but supports Ancelotti's rebuilding

Latest news

India's automotive industry defends ethanol mandate amid backlash

Fiserv and service station operators, including BP, warn US stores about illegal vapes

Congo cobalt exporters fear losing quotas due to administrative glitch, sources say

Azerbaijan summons Russian ambassador over attack on SOCAR Fuel Station in Ukraine

Russia's oil & gas revenues up in June but down 22.7% for H1

EUROPE GAS-EU Gas prices stable as market waits for progress on Iran talks

The week's financial charts: Lag7, the coming oil glut and the yen in 1980s flashback

Shale Oil & Gas

Total losses from the US-Iran War still trail 1979 Oil Shock

Russia's oil & gas revenues up in June but down 22.7% for H1

EUROPE GAS-EU Gas prices stable as market waits for progress on Iran talks

AtkinsRealis, a Canadian company, believes that Turkey's early assessment of its nuclear capabilities will be complete after the summer

LNG

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

QatarEnergy Plans to Restart LNG Output

Sempra Begins LNG Production at Mexican Site

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

Renewables

VEGOILS - Palm oil drops to a near 3-week low and suffers a second weekly loss

Palm oil production drops, and it is likely to be the second consecutive week of a loss in output. Stock fears are also causing a decline.

Britain eliminates the requirement for planning consultation to accelerate major infrastructure projects

Argentina's Genneia power company reveals revenue increase in US IPO

Purser

Second Electrician

Engine Utilityman

Medical Services Officer

Third Officer - Mixed Work Schedule

Press Releases