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Australia's resources outlook is delayed due to 'extreme volatility caused by the Iran war'
The Australian government's quarterly energy and resources outlook was delayed for the very first time due to the "extreme volatility", caused by the U.S./Israel war on Iran. This is making forecasts outdated, according to a spokesperson. The delay comes as Australia's Government…
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Oando to invest $750 million in drilling program, expecting funding boost from Iran turmoil
Oando, a Nigerian energy company, plans to raise $750 million this year to fund a drilling campaign which could increase production by 300%. This is to tap into the improved investor appetite that West African producers are experiencing amid turmoil related to the Iran War, according to CEO Wale Tinubu.
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Vingroup Vietnam signss pact with Maharashtra India to explore $6.5 billion in investments
Vingroup, Vietnam's biggest conglomerate, signed on Friday a memorandum?of?understanding? with India's Maharashtra state government. The two parties agreed to explore $6.5 billion in investments that would help build a'multi-sector eco-system' in the financial capital. Vingroup will now have a stronger presence in India.
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Baker Hughes reports that US drillers have cut oil and gas rigs three times in the last four weeks.
Baker Hughes, a renowned energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the third consecutive week. The number of oil and gas drilling rigs, a good indicator of future production, dropped by three in the week ending April 10 to 545, the lowest level since late March.
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Brazil's ethanol industry is ready to meet demand for higher blends
Industry figures say that Brazil's ethanol producers are prepared to increase production if the government increases the legal blend of anhydrous alcohol?blended into gasoline this year from 30% to 32 percent. They also said that production was?on its way to a record. Brazil's government…
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Australia PM Albanese will visit Brunei and Malaysia to shore-up fuel supply
The Australian Prime Minister Anthony Albanese is visiting Brunei this week and Malaysia next, as part of his diplomatic…
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Vineyard Wind sues GE Vernova for preventing it from abandoning its wind farm
Vineyard Wind filed a suit to stop a GE Vernova unit that supplies wind turbines from cancelling agreements and abandoning…
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France doubles its support for electricity use as a source of energy
The French government will double its current support for the country by spending up to 10 billion euro ($11.72 billion), annually, until 2030.
Latest news
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Sources say that Iberdrola has put a $1 billion sale of solar stakes on hold.
According to two people familiar with the matter, Iberdrola is putting on hold for now its attempt to sell a?minority stake…
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FERC approves NextDecade’s request for more employees and longer hours in Texas
According to a'regulatory filing,' U.S. federal regulatory authorities approved on Friday a request by NextDecade for an…
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The US is still Spain's largest gas supplier, but Russian shipments are on the rise
Enagas data showed that liquefied natural gas from the United States was Spain's largest?gas supplier in March. However,…
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Descalzi wins record-breaking fifth term as Eni's CEO
Italy's Treasury announced late Thursday that it had proposed Claudio Descalzi be reappointed for a fifth time as CEO of…
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OMV names Emma Delaney, a BP executive, as its first female CEO
The Austrian oil-and-gas group OMV will appoint Emma Delaney to the position of CEO and Chairperson of the Executive Board from September.
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Palm drops, ending a five-week rally and posting the steepest weekly loss since 16 months
Malaysian palm-oil futures fell more than 2% on the Friday, ending a five-week rally. Prices were pressured by fears that…
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Asia increases US LPG imports in order to replace Middle East LPG supply
Analysts and traders said that Asia's largest liquefied petrol gas (LPG), including India and China are racing to replace…
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TotalEnergies reports damage to SATORP refinery after incidents
TotalEnergies, a French oil company, said on Friday that one of the SATORP refinery's processing train in Saudi Arabia was…
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Palm production slips amid fears that demand may exceed supply
Malaysian palm oil futures declined on Friday due to concerns that a rise in production could exceed demand because of the…
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Takaichi, the PM of Japan, says that Japan will release an extra 20 days of oil reserves in May.
Sanae Takaichi, the Prime Minister of Japan, announced at a cabinet meeting held on Friday that Japan will release 20 days…
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World Bank's guarantee arm switches to portfolio approach after hitting $100 billion milestone
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) reached a milestone on Thursday, surpassing $100…
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Palm oil prices rise over 1% as bargain-buying and crude oil price rebound
Malaysian palm futures closed?more that 1% higher Thursday, recovering?some losses from the previous session, backed by bargain…
Shale Oil & Gas
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Asia increases US LPG imports in order to replace Middle East LPG supply
Analysts and traders said that Asia's largest liquefied petrol gas (LPG), including India and China are racing to replace…
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TotalEnergies reports damage to SATORP refinery after incidents
TotalEnergies, a French oil company, said on Friday that one of the SATORP refinery's processing train in Saudi Arabia was…
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Australia's resources outlook is delayed due to 'extreme volatility caused by the Iran war'
The Australian government's quarterly energy and resources outlook was delayed for the very first time due to the "extreme volatility"…
LNG
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the sta
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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture…
Renewables
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Palm production slips amid fears that demand may exceed supply
Malaysian palm oil futures declined on Friday due to concerns that a rise in production could exceed demand because of the…
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World Bank's guarantee arm switches to portfolio approach after hitting $100 billion milestone
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) reached a milestone on Thursday, surpassing $100…
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Palm oil prices rise over 1% as bargain-buying and crude oil price rebound
Malaysian palm futures closed?more that 1% higher Thursday, recovering?some losses from the previous session, backed by bargain…
