World Energy News

Technip Energies falls as Mideast strike forces margin cuts for project delivery unit

Technip Energies, a French engineering company, cut its '2026 margin forecast for its Project Delivery Division on Thursday as Middle East disruptions and provisions drove quarterly core earnings far below market expectations. This sent its shares plummeting more than 15%. The adjusted recurring earnings prior to interest…
For the first time, China produces less than half its electricity using coal

China, which is the world's biggest coal consumer, produced?less that 50% of its electricity in the six-month period ending June. This was a?first for a country promoting renewable energy. Xing Yiteng said at a Thursday press conference that coal's share in the mix of power was 49.7%.
Emails show that BP will cut 700 jobs to simplify the company.

BP is planning to 'cut 700 employees from its global workforce according to an internal e-mail seen by. The oil major has been focusing on boosting profits and returns. Email showed that the reductions would affect around 8% the 8,500 roles which were historically part of production and operations.
UK PM Burnham will use North Sea Oil pragmatically following Trump's comments

British Prime Minister Andy Burnham has said that he will take a "pragmatic approach" to the development and use of oil and gas in the North Sea. This is his response to U.S. president Donald Trump's statement that the basin will be opened. Burnham, the British Prime Minister who took office on July 20, spoke with Trump shortly afterward.
US refiner Valero claims that registration and tax credit changes have caused biofuel imports to be slowed.

Valero Energy's executive stated on Thursday that U.S. imports of biofuels have not increased quickly enough to help the industry meet the Environmental Protection Agency’s mandates for renewable fuel blends. This is because imports do no longer receive key U.S. taxes incentives. Executives at the U.S.

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Shale Oil & Gas

Technip Energies falls as Mideast strike forces margin cuts for project delivery unit

Technip Energies, a French engineering company, cut its '2026 margin forecast for its Project Delivery Division on Thursday as Middle East disruptions and provisions drove quarterly core earnings far below market expectations. This sent its shares plummeting more than 15%. The adjusted recurring earnings prior to interest, taxes and depreciation fell 60%, falling to EUR63.5m ($72.3m), far below EUR152m expected by a company-compiled majority. Analysts had expected EUR1.92 billion.

LNG

Egypt Looks to Sign Multi-Year LNG Supply Deal

Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas per month for at least three years, three trading and industry sources familiar with the matter told Reuters.The talks come as Egypt's domestic production struggles to keep pace with rising demand and as global LNG markets remain tight during the Iran conflict, which has curtailed shipping through…

Renewables

Palm oil falls to weaker competitors

The price of Malaysian palm oil futures fell on Thursday. It was the third time in four that they had fallen, due to competition from inferior edible oils. By midday, the benchmark 'palm oil' contract for October delivery at the Bursa Derivatives exchange in Malaysia had fallen 13 ringgit or 0.28% to 4,651 Ringgit ($1,138.56). A Kuala Lumpur based trader reported that crude palm oil futures were lower as they tracked the slight weakness in rival oilseed markets.

Technip Energies falls as Mideast strike forces margin cuts for project delivery unit

For the first time, China produces less than half its electricity using coal

Emails show that BP will cut 700 jobs to simplify the company.

UK PM Burnham will use North Sea Oil pragmatically following Trump's comments

US refiner Valero claims that registration and tax credit changes have caused biofuel imports to be slowed.

Glencore secures processing contract at Wilhelmshaven Oil Refinery in Germany

Oil companies sign agreements in Venezuela but delays persist

Russia extends the ban on diesel and gasoline exports until January 2027

Latest news

Energy profits boost European earnings by 20.8%

Kazakhstan talks with Russia to process Russian crude amid fuel shortages in Russia

Palm oil gains for second consecutive session as crude and rival edible oils firm up

Verbund claims drought costs company 370 million euros in the first half

Argentina's paradoxical growth: Shale wealth grows as jobs disappear elsewhere

Vopak shares increase as confidence is boosted by growth projects

Edison cuts 2026 guidance yet again due to weak hydro and Qatari gas

Technip Energys reduces margin outlook as Middle East hits deepens

Palm oil gains from bargain-buying, and crude oil is on the rise

Shale Oil & Gas

Technip Energies falls as Mideast strike forces margin cuts for project delivery unit

Vopak shares increase as confidence is boosted by growth projects

Edison cuts 2026 guidance yet again due to weak hydro and Qatari gas

Technip Energys reduces margin outlook as Middle East hits deepens

LNG

Egypt Looks to Sign Multi-Year LNG Supply Deal

US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute

Argent LNG, Naftogaz to Explore US LNG Supply

Australian Inpex Workers Set Industry Precedent With New Pay Deal

Renewables

Palm oil falls to weaker competitors

EPA weighs RFS deadline extension amid high renewable credit costs, sources say

Bunge's strong processing margins helped it beat second-quarter earnings estimates

Palm oil gains from bargain-buying, and crude oil is on the rise

U.S. Coast Guard National Maritime Center (NMC) - Mariner Training and Assessment Positions

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