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OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is…
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Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based…
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No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat
In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance from a leading Scandinavian country…
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OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least…
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Alaska sues Biden Administration over ANWR Leases
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges…
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US LNG Export Dominance Tested as Europe's Demand Wilts
The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling…
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How Trump will try to undo Biden's environmental legacy
Donald Trump, the presidential hopeful, has outlined an energy policy that focuses on maximizing U.S. power and fuel output.
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Developments in Clean Hydrogen Production
The recent release of proposed regulations to the Clean Hydrogen Production Credit by the U.S. Department of the Treasury…
Latest news
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RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily…
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European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental…
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US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected…
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Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United…
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Alstom's 3rd-quarter sales in France top the forecasts for services growth
Alstom, a French train manufacturer, reported Tuesday that its third-quarter sales were higher than expected. This was due…
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Stocks in the US react differently to Trump's first official day as president
Tesla, prison operators, and other "Trump trades", were volatile Tuesday as investors analyzed a flurry of executive orders…
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Enverus says that US energy mergers could slow down in 2025 due to smaller deal sizes.
According to an Enverus report released on Tuesday, the pace of U.S. public-to-public upstream mergers in 2025 could slow…
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Portugal imports more US and Nigerian LNG in order to stop Russian supplies
The Portuguese government plans to buy more liquefied gas (LNG), mainly from the United States, and Nigeria to replace its…
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Infinity Natural aims to reach a valuation of $1.2 billion in the US IPO
Infinity Natural Resources, a producer of oil, is aiming for a value of up to 1,24 billion dollars in its initial public offer.
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CNPC: China's crude imports could grow by 1% in 2025
According to a report released by the state-owned energy giant China National Petroleum Corp. (CNPC), China's crude imports…
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Can Trump reverse Biden's offshore oil drilling ban?
In an executive order issued on Monday, President Donald Trump revoked the ban placed by former Democratic president Joe…
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Orsted plunges 17% following US impairments, Trump adds uncertainty
Orsted shares fell 17% Tuesday, after the company posted an impairment charge for delays in a U.S. off-shore project. The…
Offshore Oil & Gas
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TVO Contracts 4C Global Consultancy to Support UK Clients
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston…
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Protecting Employees in High-Risk Environments
For any business, ensuring the health and safety of its employees should be the number one priority – what is more, it’s…
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Industry Award for Sustainable Drilling Waste Solution
Specialist drilling waste management company, TWMA, has been announced as a finalist in this year’s SPE Offshore Achievement…
Shale Oil & Gas
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India is likely to increase its purchases of US gas and oil following Trump's announcement
After President Donald Trump announced that he would increase U.S. production of oil and natural gas, India will likely increase its purchase of U.S.
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Prices rise for low LNG storage and concerns about prices
The wholesale gas prices in the Netherlands and Britain rose mostly on Tuesday morning as withdrawals from storage sites…
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IEA: Global gas markets will remain tight due to rising demand
LONDON (Jan. 21) - The global natural gas market will remain tight in 2019 as the demand for gas increases and production…
LNG
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US NatGas up as LNG feedgas rises, Frigid Temps Forecast
U.S. natural gas futures edged up about 1% on Thursday on near record flows to liquefied natural gas (LNG) export plants…
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Germany's Wilhelmshaven Terminal offers May LNG Capacity
Deutsche Energy Terminal (DET) said on Thursday that Germany's Wilhelmshaven liquefied natural gas terminal intends to market…
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US LNG Rises 2% on LNG Plant Volume Data
U.S. natural gas futures climbed about 2% on Wednesday on rising flows to the nation's liquefied natural gas (LNG) export…
Renewables
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Trump announces end of new US wind energy leasing
Donald Trump, President of the United States, announced on Monday that windmills will no longer be supported by the government…
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Orsted flags Sunrise Wind delays and increased costs as a $1.7 billion impairment
Orsted, the offshore wind developer, announced Monday an impairment charge in the amount of 12.1 billion Danish crowns (1.69…
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Spot prices drop on higher expected wind generation
The European power prices for the next day were lower than on Monday, as a result of a slight decline in wind energy supply.
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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USDoI: ANWR Drilling Auction Yields no Bids
The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska's…
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Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues…
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PDVSA 2024 Oil Exports Climb in Choppy Year
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country…
