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Australia announces rescue bid for Rio Tinto Tomago Aluminium Smelter
The Prime Minister Anthony Albanese, announced on Friday that a "rescue" effort would be launched to keep Australia's biggest aluminium smelter open, the struggling Tomago plant majority owned by Rio Tinto after its current energy contract expires 2028. The announcement comes after…
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Prices to rise on Monday due to wind power
European electricity prices will likely fall dramatically on Monday as wind power production is expected to increase in Germany and other parts of the region. LSEG data revealed that German -and French Monday baseload electricity contracts were not traded by?0859 GMT Friday. LSEG…
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Russia's oil & gas revenues are expected to drop by half in December, reaching their lowest level since August 2020
Calculations showed that the Russian state's oil and gas revenue is likely to drop by almost half in December, compared to a year earlier. This will be due to lower crude prices as well as a stronger rouble. The Finance Ministry had forecast 8.65 trillion roubles for the year. Calculations…
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Russia's monthly oil revenue is set to reach its lowest level since August 2020
Calculations showed that the Russian state's oil and gas revenues in December are likely to drop by almost half from a year ago, reaching 410 billion Russian roubles (5.17 billion dollars), due to lower crude prices and stronger roubles. Calculations showed that oil and gas revenues are the Kremlin's main source of income.
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Baker Hughes reports that US drillers have cut back on oil and gas rigs a second time in the last three weeks.
Baker Hughes, a leading energy services company, said that U.S. firms cut back on the number of natural gas and oil rigs for a second consecutive week in its closely watched report published Friday. The oil and natural gas rig count fell to 548, the lowest level since November 26, a good indicator of future production.
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Tokyo Gas CEO: More than half of investments in overseas markets will be directed to the US within 3 years.
Tokyo Gas, Japan’s largest city gas provider, will direct more than half the 350 billion yen ($2.3billion) it has set aside…
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Sources say that the Trump administration is unlikely to finalize biofuel quotas for 2026 this year.
Three sources familiar with the matter say that the Trump administration will not finalize the 2026 biofuel blending quotas by the end of the year.
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Nigeria grants permits for gas-flaring projects, aiming at $2 billion investment and a 3 GW potential
Nigeria has granted permits to 28 companies as part of a program that aims at ending routine gas flaring in order to reduce…
Latest news
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FTSE 100 drops as Wall St mood soudains
London's FTSE 100 sank on Friday as a Wall Street sell-off fueled by?AI angst ruined the mood on European markets. Blue-chip index FTSE 100?
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EUROPE GAS-European gas prices increase in the afternoon on cooler weather forecast
The Dutch and British gas price rose on Friday after-noon on the expectation of higher demand. Data compiled by LSEG revealed…
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UK shares rise as precious-metal miners shine, BoE in focus
The main UK stock indexes rose on Friday. A gauge of precious-metal miners reached a new record high after a spectacular…
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Palm oil losses on stronger ringgit and rival weakness; palm oil ends the week down 3%
Malaysian palm oils futures dropped on Friday due to a stronger ringgit and the weakness of rival Dalian edible oil. This…
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EUROPE GAS - European prices are flat, but cooler temperatures support them
The Dutch and British gas price were not much different on Friday. This was due to the expectation of increased demand as…
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Harbour Energy acquires North Sea assets worth $170 million; shares increase 6%
Harbour Energy announced on Friday that it had agreed to purchase all of the subsidiaries of Waldorf Energy Partners and Waldorf Production…
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Palm drops due to ringgit strength and is on track for a weekly loss
Malaysian palm futures fell on Friday due to a stronger ringgit, as well as the weakness of rival Dalian edible oil. They…
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Carnelian, a buyout firm, raises eyebrows by trying to sell multiple assets in the energy sector.
Carnelian Energy Capital is selling six of its North American oil-and-gas production investments. This comes at a time when…
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Italy awards solar power in the first "Not made in China" auction
In its first auction, Italy allocated more than 1.1 gigawatts to 88 solar projects that were built without any equipment made in China.
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Senegal retracts minister's comments on nationalisation of gas fields as the end of licence nears
The Senegal energy ministry retracted its previous statement on Thursday that it intended to nationalise Yakaar Teranga, a U.S.-owned gas field.
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OPEC data show that Russian oil production increased in November.
OPEC data on Thursday showed that Russian oil production increased in November by 10,000 barrels per day, up from October.
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Palm oil vegoils a little higher than Dalian soyoil
Malaysian palm futures rose slightly on Thursday after losing ground the previous session, following the movement of soyoil…
Shale Oil & Gas
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Harbour Energy acquires North Sea assets worth $170 million; shares increase 6%
Harbour Energy announced on Friday that it had agreed to purchase all of the subsidiaries of Waldorf Energy Partners and Waldorf Production…
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Carnelian, a buyout firm, raises eyebrows by trying to sell multiple assets in the energy sector.
Carnelian Energy Capital is selling six of its North American oil-and-gas production investments. This comes at a time when…
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Senegal retracts minister's comments on nationalisation of gas fields as the end of licence nears
The Senegal energy ministry retracted its previous statement on Thursday that it intended to nationalise Yakaar Teranga, a U.S.-owned gas field.
LNG
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US LNG Exports Hit Record High in November on Cooler Weather
U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler…
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Saudi Aramco to Sign US LNG Supply Agreements
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's…
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Canada Names Ksi Lisims LNG Project for Fast-Tracking
Canada said on Thursday it will add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, a…
Renewables
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Palm drops due to ringgit strength and is on track for a weekly loss
Malaysian palm futures fell on Friday due to a stronger ringgit, as well as the weakness of rival Dalian edible oil. They…
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Italy awards solar power in the first "Not made in China" auction
In its first auction, Italy allocated more than 1.1 gigawatts to 88 solar projects that were built without any equipment made in China.
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Sembcorp, the Singaporean energy giant, has taken over Alinta Energy for $4.3 billion.
Sembcorp Industries announced on Thursday that its unit would?acquire?Alinta Energy at a cost of A$6.5 billion (4.32 billion dollars)…