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NextDecade, JERA Sign 20-Year LNG Supply Deal
U.S. liquefied natural gas producer NextDecade said on Thursday it had signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum of LNG from its Rio Grande project's fifth liquefaction facility.Shares of NextDecade were up 5.5% at $8.11 in…
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Trinidad and Tobago Increases LNG Production in May at Atlantic Facility
Exports of liquefied natural gas from Trinidad and Tobago's flagship Atlantic LNG export facility increased by 43% in May compared to April, according to LSEG preliminary ship tracking data.Trinidad is Latin America's largest LNG exporter and its flagship plant, Atlantic LNG, is jointly owned by Shell and BP with a capacity to produce 12 million me
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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, while BP is expected to buy into new Azeri offshore fields, according to three sources.Azerbaijan's production mainly relies on mature…
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Siemens: Britain Needs Record Offshore Wind to Meet Targets
Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson, vice president of turbine maker Siemens Energy UK&I, told Reuters.The country has put offshore wind at the heart of its plans to decarbonise its electricity sector by 2030.
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XRG Aims For Gas and LNG Capacity of 20-25 Million Tons a Year by 2035
XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.XRG was set up last year as an investment company focused on lower-carbon energy…
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Abu Dhabi's XRG aims to reach a gas and LNG capacity of between 20-25 million tonnes per year by 2035
XRG is the international investment arm for Abu Dhabi National Oil Company. The company stated in a Tuesday statement that…
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Trump's budget cuts threaten U.S. jobs in renewable energy
By Carey L. Labor leaders claim that federal tax credits under the former president Joe Biden for green energy production…
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Viper Energy increases Permian Basin Presence with $4.1 Billion Sitio Deal
Viper Energy has acquired Sitio Royalties, valued at $4.1 billion including debt. The companies announced this on Tuesday.
Latest news
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Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest…
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XRG aims to achieve a gas and LNG capacity of 20-25 millions tons per annum by 2035
XRG (the international investment arm) of Abu Dhabi National Oil Company said on Tuesday that it aims to be a gas and Liquefied…
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Japan's Gas Industry Allows Gas with Carbon Capture in 2050 Net Zero Plan
The Japan Gas Association announced on Tuesday that it will take a more flexible stance in its efforts to become carbon neutral in 2050.
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Alterra, the UAE’s climate fund, supports Absolute Energy’s renewable energy project in Italy
Alterra, one the largest private climate funds in the world, has invested its second direct money in Europe via Italian renewable…
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EUROPE GAS - Prices hold firm on the elusive Ukraine ceasefire and muted supply
The Dutch and British wholesale prices for gas were slightly higher on Tuesday morning, as a weaker demand was countered…
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Nigerian oil sector enters new phase of growth thanks to local firms
Nigeria's oil and gas industry is undergoing a major shift as local companies take on a greater role, resulting in a new…
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Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest…
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TSMC claims tariffs may have an impact on AI demand, but TSMC believes that the impact is minimal.
The U.S. Tariffs have some impact, but the demand for Artificial Intelligence (AI) is still strong and continues to exceed supply.
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Greenpeace removes a wax statue of Macron due to French trade with Russia
Greenpeace activists moved a wax sculpture of French President Emmanuel Macron, which was displayed at the Grevin Museum of Paris…
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Baker Hughes, a provider of oilfield services, sells a stake in Cactus
Baker Hughes is selling 65% of the surface pressure control division to Cactus, a maker of equipment. The oilfield services…
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Azerbaijan’s SOCAR signs agreements for oil exploration with Exxon and BP
Azeri SOCAR, the state-owned energy company of Azerbaijan, signed agreements with Exxon Mobil & BP for oil and natural gas…
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Russian LNG exports dropped 3% year-on-year in January to May, according to data
LSEG released preliminary data on Monday showing that Russia's LNG exports in the first five month of this year fell by 3% compared to a year ago…
Offshore Oil & Gas
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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…
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EDP Renovaveis Expects Core Recurring Profit in 2025
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow…
Shale Oil & Gas
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Baker Hughes, a provider of oilfield services, sells a stake in Cactus
Baker Hughes is selling 65% of the surface pressure control division to Cactus, a maker of equipment. The oilfield services…
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Azerbaijan’s SOCAR signs agreements for oil exploration with Exxon and BP
Azeri SOCAR, the state-owned energy company of Azerbaijan, signed agreements with Exxon Mobil & BP for oil and natural gas…
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Russian LNG exports dropped 3% year-on-year in January to May, according to data
LSEG released preliminary data on Monday showing that Russia's LNG exports in the first five month of this year fell by 3% compared to a year ago…
LNG
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NextDecade, JERA Sign 20-Year LNG Supply Deal
U.S. liquefied natural gas producer NextDecade said on Thursday it had signed a 20-year deal to supply Japan's biggest power…
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Edison Confident In Venture Global LNG Arbitration
The chief executive of Italian utility Edison said on Thursday he was confident of a positive outcome in arbitration involving U.S.
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Freeport LNG On Track to Return to Full Production
U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday…
Renewables
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As summer travels heat-up, US ethanol production slows.
Since late last year, the U.S. has produced record volumes of ethanol. This is largely because exports have increased and…
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German spot contracts trade higher as wind power drops
European spot electricity for Tuesday delivery increased on Monday. German wind power is expected to decline while demand will rise.
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As his term ends, the Chilean president will increase pressure on Israel to decarbonize and accelerate its pace
Gabriel Boric, the Chilean President, said on Sunday he would accelerate efforts to promote renewable energy and increase…
