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Sanctioned Arctic Mulan LNG Tanker Berths in China
A tanker carrying liquefied natural gas from Russia's sanctioned Arctic LNG 2 plant has moored at an import terminal in southern China on Thursday, after loading at a Russian storage facility in June, Kpler and LSEG ship-tracking data showed.If the tanker discharges the LNG at the terminal…
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Workers Strike at Fluxys Dunkirk LNG terminal
Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys' Dunkirk liquefied natural gas terminal late on Monday evening, part of a broader action in the power and gas sector focused on pensions and wages.The Dunkirk LNG terminal is the second largest in continental…
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Russian Seaborne Diesel Exports Fall in August
Russia's seaborne diesel and gasoil exports fell 6% on the month in August to about 3.1 million metric tons as damage from Ukrainian drone strikes hit production, data from market sources and LSEG showed.Last month Ukraine intensified drone attacks on Russian oil facilities, targeting…
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Highest Ever US LNG Exports Recorded in August
U.S. exports of liquefied natural gas (LNG) reached an all-time high in August as plants exited planned maintenance programs and Venture Global's Plaquemines facility continued to increase output, preliminary data from financial firm LSEG show.August exports totaled 9.33 million metric tons…
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Azule Energy to Invest $5b in Angola
Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday.The latest investment in both new and existing projects will match investments in oil and gas projects since the joint
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ConocoPhillips announces it will reduce its workforce by 20-25%. Shares fall
ConocoPhillips, an American oil and gas company, will reduce its workforce by 20-25% as part of a broader restructuring program.
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ConocoPhillips announces it will reduce its workforce by 20-25%. Shares fall
A spokesperson for ConocoPhillips, an American oil and gas company, said that the company will be cutting 20-25% from its…
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Castleton Oil Traders Geneva team to focus on oil, according to sources
Castleton Commodities International, a trader specializing in energy commodities, has established a team based in Geneva…
Latest news
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Nigeria's TotalEnergies deal marks shift to gas development
The Nigerian production-sharing agreement with TotalEnergies will be a model for future agreements, according to the oil regulator.
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Crude oil and palm oil are both weaker than their rival oils
The market was pressured by the weaker rival oils and crudes, as well as the inability to breach a technical level. At the close…
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German industry lobby warns energy transition could cost 5.4 trillion euros by 2049
The German Chambers of Industry and Commerce said that the current German energy transition strategy would cost up to 5.4…
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French Protest Boosted by Wind Production Slump
On Wednesday, the French spot electricity rate for Thursday increased amid lower expectations of wind generation in the entire region.
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VCI: German chemical industry runs at its lowest capacity for more than 30 Years
The German Chemical Industry Association said Wednesday that its capacity utilization in the second quarter was at its lowest…
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Shell cancels plans to build a biofuels plant in Rotterdam
Shell announced on Wednesday that it will not continue construction of the biofuels plant at its Shell Energy and Chemicals Park Rotterdam…
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German chemical lobby VCI reports quarterly sales and production decline amid tariff uncertainty
The German chemical industry association reported on Wednesday that the second-quarter production, sales and prices had declined…
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Trump is "very disappointed" with Putin about Ukraine
Donald Trump, the U.S. president, said he was "very dissatisfied" with Russian President Vladimir Putin on Tuesday. He added…
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Trump administration will reconsider SouthCoast Wind Permit, a legal filing states
According to a court filing on Tuesday, the Trump administration will review the permit for SouthCoast Wind. This is an offshore…
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US LNG exports record highest ever in August
LSEG's preliminary data shows that U.S. LNG exports reached a record high in August, as plants completed planned maintenance…
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Mexico's Pemex signs the first mixed contract with private companies to boost oil production
According to a government report presented to Congress by President Claudia Sheinbaum, the Mexican state oil company Pemex…
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Source: Despite cargo loadings at the Arctic LNG 2 project in Russia, production problems persist.
A source with knowledge of the situation said on Tuesday that the first production train is only running at half capacity…
Offshore Oil & Gas
Shale Oil & Gas
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US LNG exports record highest ever in August
LSEG's preliminary data shows that U.S. LNG exports reached a record high in August, as plants completed planned maintenance…
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Mexico's Pemex signs the first mixed contract with private companies to boost oil production
According to a government report presented to Congress by President Claudia Sheinbaum, the Mexican state oil company Pemex…
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Source: Despite cargo loadings at the Arctic LNG 2 project in Russia, production problems persist.
A source with knowledge of the situation said on Tuesday that the first production train is only running at half capacity…
LNG
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Workers Strike at Fluxys Dunkirk LNG terminal
Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys' Dunkirk liquefied natural gas terminal late on Monday evening…
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Sanctioned Arctic Mulan LNG Tanker Berths in China
A tanker carrying liquefied natural gas from Russia's sanctioned Arctic LNG 2 plant has moored at an import terminal in southern China on Thursday…
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Germany Looks to Meet European Demand with Canadian LNG
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand…
Renewables
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Spot prices are depressed by the sharp rise in wind energy supply
The European spot electricity prices fell on Tuesday, as the strong growth in German wind energy supply combined with the…
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Palm prices rebound on the back of bargain-buying and strong export demand
The price of Malaysian palm oils futures increased on Tuesday, after two sessions of declines. This was due to bargain hunting…
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India's power production rises at the fastest rate in five months due to industrial boost
The data of the federal grid operator revealed that India's electricity generation in August increased at its fastest rate since March.
