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India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by…
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Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell…
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Ghana cuts interest rates to 15.5% as inflation falls
In a Wednesday announcement, Ghana's central bank slashed the main interest rate to 15.50%, a level that is below expectations of most economists and lower than its lowest in four years. The decision was made because inflation has remained under control. Bank of Ghana economists had…
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Carlyle's energy investment list as it targets Lukoil assets valued at $22 billion
Analysts initially estimated that the Carlyle Group would acquire most of Lukoil’s foreign assets at $22 billion. The Office…
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EWE CEO: Germany's EWE will not participate in the first round of power plant tendering
The CEO of German utility EWE said that the company has no intention to participate in a upcoming tender in Europe's largest…
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Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas"…
Latest news
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S.Africa energy regulator approves power cost relief for ferrochrome makers
South Africa's Energy Regulator approved Eskom's application on Thursday to reduce electricity rates?by 35 percent for two…
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Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
Exxon Mobil executives and Chevron executives will likely face more questions on their investment opportunities in Venezuela…
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Malaysia's Petronas wants to increase its exploration and production over the next three months
Petronas, Malaysia's state-owned energy company, said it would increase exploration and production over the next three year…
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Standard Bank provides $250 million in financing for Nigerian energy company Aradel
Standard Bank in South Africa has closed a $250m strategic financing facility for Aradel Energy Ltd. The Nigerian oil company…
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Hungary announces $157 million scheme to reduce heating costs before election
The government of Hungary will partially reimburse households for higher heating costs in January, due to an increase in…
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Palm prices end at their highest level in three months due to higher commodity prices
Malaysian palm futures rose for the fourth consecutive session on Thursday. The gains were boosted by commodity prices and…
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Carbon prices continue to fall amid investor selling
European carbon contracts continued to lose ground on Thursday, falling below the mid-December level due to new liquidations of speculative positions.
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Prices for gas in Europe are on the rise amid low storage levels
The benchmark British and Dutch wholesale gasoline prices increased on Thursday morning, as the market was supported by concerns…
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Glencore's copper production for 2025 is down 11%, as Rio Tinto and Glencore merge.
The company reported on Thursday that Glencore's production of copper will decline by 11% between?2025 and?2030, despite…
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Australia reaches new renewable milestone over 50%
The Australian Energy Market Operator (AEMO), a'statement made on Thursday,' said that Australia had achieved a clean energy…
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Three companies compete for Indian gas company GAIL's tender of US LNG project
Sandeep Kumar Gupta, Chairman of GAIL India, said that three companies were competing to acquire up to 26% in a "liquefied…
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Palm prices rise on higher commodity prices and crude
Malaysian palm futures continued to rise for the fourth session in a row on Thursday. They were supported by a firming of…
Shale Oil & Gas
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Three companies compete for Indian gas company GAIL's tender of US LNG project
Sandeep Kumar Gupta, Chairman of GAIL India, said that three companies were competing to acquire up to 26% in a "liquefied…
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India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from the country's largest importers have said that India's appetite is likely to increase in the next few years…
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US crude and natural gas production recovers after winter storms ravage output
U.S. crude and?natural-gas producers brought wells online on Wednesday following a severe storm that swept across the country at the weekend.
LNG
Renewables
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Palm prices rise on higher commodity prices and crude
Malaysian palm futures continued to rise for the fourth session in a row on Thursday. They were supported by a firming of…
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GE Vernova's wind failures overshadow the strong performance of power and electrification units
GE Vernova announced on Wednesday that the wind power unit'might suffer a revenue loss of about $250 million this year as…
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The French spot price drops due to a slight increase in wind
The French spot electricity price for Thursday dropped as the wind energy supply is expected?to rise from Wednesday's low level.