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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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OMSI to Oversee Submarine Cable Installations for Belize's Energy Infrastructure
Offshore Marine Subsea International (OMSI), a UK-based leader in subsea services and a subsidiary of Offshore Marine Management…
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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.
Latest news
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Petrobras will commission four additional ships by 2026, bringing the total to 48.
Magda Chambriard, the Chief Executive of Petrobras, said that four new support vessels would be ordered by the company by 2026.
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Data shows that Russia's LNG exports between January and February fell 7.3%.
LSEG released preliminary data on Friday showing that Russia's LNG exports in the first half of this year were down 7.3% compared to a year ago…
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Aurora increases its European battery capacity 2050 forecasts by 30%
Aurora Energy Research increased its forecast of 2050 battery storage in Europe by nearly 30%, to 128 gigawatts. It highlighted…
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British Energy Secretary to visit China to restart energy discussions, sources say
Three sources who have direct knowledge of this plan say that British Energy Secretary Ed Miliband is planning to visit China in march…
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Palm oil gains for the first time in three months
The price of Malaysian palm oils futures increased on Friday, posting their first monthly gain for three months. This was…
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FGV Holdings Malaysia expects to see higher profit margins by 2025
FGV Holdings, the Malaysian palm oil producer, said Friday that it expects higher profit margins by 2025. This is due to…
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As demand falls and wind output varies, the market is lulled.
The market untraded the German and French power prices for Sunday on Friday, as it weighed an anticipated rise in German…
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EUROPE GAS prices extend gains amid LNG worries and colder weather
The European and British wholesale prices of gas extended their gains from the day before, due to colder weather forecasts.
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British Energy Secretary to visit China to restart energy discussions, sources say
Three sources who have direct knowledge of this plan say that British Energy Secretary Ed Miliband is planning to visit China in march…
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China reduces carbon intensity by 2024, but still falls short of key targets
China's economy has become less carbon-intensive last year, thanks to a record increase in renewable energy capacity. However…
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Sources say that Vitol has reduced its China coal trading operation
Two sources familiar with the matter have confirmed that Vitol, a global energy trading company, is reducing the size of…
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Palm oil is set to rise and gain monthly gains
Malaysian palm oils futures rose slightly on Friday, reflecting the strength of rival oils. The market is also expected to…
Offshore Oil & Gas
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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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Oil Dips on Larger US Crude Draw, Russia Sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest…
Shale Oil & Gas
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Expand Energy is on track to increase US natgas production to meet the growing demand
Expand Energy, previously known as Chesapeake Energy, and the largest natural gas producer in America, announced on Thursday…
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Data shows that Portovaya, Kryogaz-Vysotsk and other Russian LNG exporters have stopped LNG exports due to sanctions.
LSEG data on Thursday showed that two small-scale Russian LNG producers located along the Baltic Sea shores, Portovaya LNG…
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Spain's Endesa faces new arbitration over LNG contract dispute
The Spanish power utility Endesa faces a new arbitration over a price review for a long-term contract to supply liquefied gas (LNG)…
LNG
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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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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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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…
Renewables
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British Energy Secretary to Visit China in March for Restarting Energy Talks and Meeting Investors
Three sources have confirmed that British Energy Secretary Ed Miliband is planning to visit China in march. He will be meeting…
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Evergy's pipeline for power users such as data centers has jumped to 11,2 GW
Evergy Inc.'s pipeline of very large electricity clients, such as data centers, has increased to 11,2 gigawatts, which is…
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Colombia's first auction of offshore wind energy attracts global interest
The National Hydrocarbons Agency of Colombia (ANH), a South American agency, announced on Thursday that companies from all…
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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VLCC Rates Spike as US Sanctions Bite
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book…
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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…
