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ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project
ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operational efficiency across its Asab, Buhasa, Habshan ons
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Shell to Add Up to 12 million Tons of LNG Capacity by 2030
Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday."(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade…
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South Africa's $5.8 billion Project Aims to Produce Low-Cast Green Ammonia
A $5.8 billion project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia, an executive said.South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in the European Uni
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Egypt To Buy Up To 160 LNG Cargoes Through 2026
Egypt has reached agreements with several energy firms and trading houses to buy 150 to 160 cargoes of liquefied natural gas, as it ramps up purchases to meet power demands despite strained government finances, industry sources said.The world's most populous Arab country has endured…
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Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in an…
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As tensions in the Middle East rise, traders are betting on oil at $80 US dollars.
The most West Texas Intermediate crude oil call options of $80 have been traded since January. Traders expect prices to rise…
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Wall St. drops sharply as Iran strikes back at Israel's attack
Wall Street closed sharply lower Friday, after Iran fired missiles towards Israel in response intensive Israeli strikes designed…
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Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on the number of natural gas and…
Latest news
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Baker Hughes reports that US drillers have cut oil/gas drilling rigs by 7th week, to the lowest level since 2021.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on the number of natural gas and…
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Wall St. falls after Israel's attacks on Iran reduce risk appetite
Wall Street's major indexes dropped on Friday, after Israel hit a number of nuclear facilities and rocket factories in Iran.
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Egypt stops fertilizer production after Israeli gas shortages increase energy strain
Industry sources report that Egyptian fertilizer producers had to stop operations Friday because of a decline in natural gas imported from Israel.
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Schedule of US Energy Data for the week ending June 15,
The release of major energy data scheduled for the week ending June 15 will be affected by the Juneteenth federal holiday…
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Ukraine and Poland nearly double the capacity of their gas link
The Ukrainian Energy Ministry announced on Friday that the gas transmission system operators in Poland and Ukraine would…
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The ethnic groups are angry about Tinubu's pardoning of the 'Ogoni Nine" by Nigerian President Tinubu
Nigerian Ogoni activists rejected on Friday a posthumous forgiveness for nine members of their community who were executed…
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US EPA proposes increased biofuel blend volumes through 2027
NEW YORK - On Friday, the Trump administration proposed that oil refiners increase the amount biofuels they must mix into…
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Trade Minister: Britain is ready to implement US Tariff Deal
Jonathan Reynolds, the UK's trade minister, said that the United States is ready to implement their side of the tariff agreement with Britain.
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Poland's PGE will spend $63.8 billion in new strategy
PGE, Poland's largest utility, plans to invest 235 billion Zlotys (63.80 billion dollars) by 2035. It will focus on renewables…
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German utility RWE announces partnership with tech giant Amazon
The German utility RWE announced on Thursday a strategic framework deal with tech giant Amazon, in which the utility will…
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Sources say that Egypt has agreed to purchase up to 160 LNG cargoes by 2026.
Industry sources familiar with the matter said that Egypt has signed agreements with various energy firms and trading companies…
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Russell: China-US deal pushes rare earths to the back burner
Although the tentative agreement between the United States, and China represents a step back from the worst case scenario…
Offshore Oil & Gas
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Exxon Signs Agreement With Azeri SOCAR to Explore Oil Production
Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan…
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National Grid Takes $402 Million Hit on Paused New York Wind Project
National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track…
Shale Oil & Gas
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Russell: China-US deal pushes rare earths to the back burner
Although the tentative agreement between the United States, and China represents a step back from the worst case scenario…
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Prices of EUROPE Gases rise slightly due to expected weakening in wind output
The Dutch and British wholesale prices of gas rose slightly Thursday morning, as the wind output was expected decrease. Also, LNG send-out decreased.
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Russell: China-US deal pushes rare earths to the back burner
Although the tentative agreement between the United States, and China represents a step back from the worst case scenario…
LNG
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ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project
ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion i
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Taiyo Oil Buys First Russian Crude In More Than Two Years
Japanese refinery Taiyo Oil has bought its first Sakhalin Blend crude from Russia in more than two years at the Japanese government's request…
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Eni, YPF Sign Agreement On Argentina LNG Project
Italian energy group Eni and Argentina's YPF on Friday signed an agreement on the Argentina LNG (ARGLNG) project during a…
Renewables
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Trade Minister: Britain is ready to implement US Tariff Deal
Jonathan Reynolds, the UK's trade minister, said that the United States is ready to implement their side of the tariff agreement with Britain.
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Poland's PGE will spend $63.8 billion in new strategy
PGE, Poland's largest utility, plans to invest 235 billion Zlotys (63.80 billion dollars) by 2035. It will focus on renewables…
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German utility RWE announces partnership with tech giant Amazon
The German utility RWE announced on Thursday a strategic framework deal with tech giant Amazon, in which the utility will…
