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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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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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QatarEnergy has extended force majeure to mid-August according to Italy's Edison
The Italian utility Edison announced on Monday that QatarEnergy had notified its largest 'European customer' of the cancellation…
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Carney: Alberta's vote on separation may become a 'dangerous Bluff'
Mark Carney, the Canadian Prime Minister, said on Monday that Alberta's vote on a potential breakaway from Canada could be "a dangerous bluff"…
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Palm oil falls due to weaker crude and rival oils, as well as lower export data
Malaysian palm-oil futures fell?on a Monday due to the weakness of rival edible oils on the Dalian Market. Crude oil prices…
Latest news
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The draft Australian LNG policy is a source of anger for the industry
The Australian government released on Monday a draft version of its rules for the export of liquefied gas for consultation.
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Palm oil falls on rival oil, crude oil
Malaysian palm oil futures fell on Monday due to the weakness of rival edible oils and crude oil on the Dalian Market. The…
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India and the US discuss Middle East trade, as Rubio cites progress in Iran conflict
The U.S. Secretary Of State Marco Rubio met with Indian Foreign Minister Subrahmanyam Jishankar in New Delhi on Saturday.
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Axios says proposed US-Iran deal involves opening strait during 60-day ceasefire extension
Axios, citing an American official, reported that the U.S., and Iran, are close to a deal that would extend a ceasefire for 60 days…
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BP Whiting Refinery revises its proposal to the union in ongoing negotiations
BP announced that its Whiting refinery had returned 'to the bargaining table' with the United Steelworkers - Local 7-1 negotiating…
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MOL, Hungary's largest oil company, gets an extension from the U.S. for its talks to purchase Serbia's NIS
Serbia's energy ministry said that MOL, Hungary's largest oil and gas company, had received a two-week delay from the U.S.
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U.S. oil companies in North Dakota are cautious about drilling despite rising prices
?U.S. Oil operators in North Dakota are cautious about increasing?drilling? despite the sharp rise in oil price caused by the Iran War.
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Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fifth consecutive week.
Baker Hughes, an energy services firm, said in its widely-read report published on Friday that U.S. firms added oil and gas…
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Schedule for US Energy Data in Holiday Week
The Memorial Day federal holiday, which falls on Monday, 25th May?will impact the release schedule for?some of the major…
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India struggles with power cuts after heatwave increases electricity demand
India is experiencing power outages in some areas due to record-breaking heat. The government has asked consumers to 'limit their use'.
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Palm oil prices close higher and snap a 3 week losing streak
Malaysian palm futures rose Friday on some bargain-buying after a steep decline following an announcement earlier this week…
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Indonesia coal export shake-up rattles miners, traders
Indonesia's plan for coal exports to be routed through a state firm has alarmed traders and miners, who are concerned about…
Shale Oil & Gas
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Equinor: Europe's gas reserves could be critical if Hormuz is closed for 1-3 months
Equinor executives said that Europe could face a critical shortage of gas stocks if the disruption in shipping through 'the…
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Devon buys prime Delaware Basin land for $2.6 billion following Coterra merger
Shale producer Devon Energy announced on Thursday that it had acquired 16,300 acres of 'net undeveloped land' in the Delaware Basin, New Mexico.
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Petronas executive says that Indonesia and Malaysia have approved the transfer of assets to the new Eni-Petronas joint venture.
A Petronas executive announced on Thursday that the Indonesian and Malaysian government?approved the change of ownership…
LNG
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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
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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…
Renewables
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Palm oil prices close higher and snap a 3 week losing streak
Malaysian palm futures rose Friday on some bargain-buying after a steep decline following an announcement earlier this week…
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Prices for Norway gas are lower, and US-Iran hopes of peace have been raised.
Dutch and British wholesale gas prices fell?on the morning of Friday due to a re-invigorated hope for a peace agreement?between Iran and the U.S.…
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Palm prices rise on the back of bargain-buying; 3 weeks of losses to be erased
Malaysian palm oil futures rose on Friday due to some bargain-buying?after a steep drop following the announcement of a new…
