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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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Uniper executive: LNG prices may rise significantly in a volatile market.
John Roper, Uniper's Middle East chief executive, stated on Wednesday that if the supply disruptions and hot weather in Asia…
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Norway and Sweden will see increased power prices this summer due to low hydro, nuclear
The wholesale electricity prices in Sweden and Norway will be higher than usual this summer because of the low filling level of hydropower reservoirs…
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Serbian Energy Minister: Hungary's MOL wants to extend the finalisation of talks to purchase Serbia's NIS
MOL, Hungary's biggest oil and gas company, asked the U.S. for an extension of one month to finish talks with Serbia's NIS.
Latest news
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EU sets energy standards for data centers amid concern over rising power consumption
On Wednesday, the European Union announced that it would develop minimum energy efficiency?standards? for data centers, as…
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VEGOILS - Malaysian palm oil surges by 3% to a four-week-high on Chicago soyoil price strength
Malaysian palm futures rose?more than 3 percent on Wednesday, reaching their highest level in four weeks, supported by higher Chicago soyoil price…
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Data shows that Russia's oil-and-gas revenue rose 32% year/year to $9.26 Billion in May.
The Finance Ministry reported on Wednesday that the oil price rally in the Middle East fueled a 32.4% increase in Russia's…
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EUROPE GAS - Price rises as Iran War hostilities flare up, LNG supply is tightened
Dutch and British wholesale natural gas contracts increased?on Wednesday morning? as new strikes in the Gulf clouded the outlook for a peace deal…
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Energean Angola expansion on hold after Etu preemption
Energean announced 'on Wednesday that its $260m deal to 'buy Chevron offshore assets in Angola is a limbo, after Etu acted to match the offer.
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Malaysian palm oil climbs with firmer US soyoil but profits are taken.
The price of Malaysian palm oil futures rose more than 1% on Wednesday, as trading resumed following a long holiday. This…
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Wall Street Journal, June 3,
These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy.
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BlackRock's Atlas invests $1 billion into renewable energy in Brazil
Atlas Renewable Energy has put on hold plans to invest $1 billion in Brazil because the Brazilian grid operator has repeatedly…
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Rabid creditors consider giving Chairman Ometto the option of capital injection
According to two people who were familiar with the discussions, the creditors and bondholders for Brazil's Raizen met on…
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FT reports that BP has held discussions to sell North Sea assets for PS2 billion to Ithaca.
The Financial Times reported that BP had advanced 'talks' to sell its UK North Sea assets to Ithaca _Energy _in a??deal worth $2.69 billion…
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Dangote refinery could be a global jet fuel supplier: CEO
David Bird, the Chief Executive of Nigeria's Dangote oil refining plant that produces 650,000 barrels a day (bpd), said the…
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Chevron invests $13.8 billion in Argentina and applies for tax breaks program
The U.S. Oil Major announced on Tuesday that Chevron has applied to Argentina's 'incentive regime' for large investments…
Shale Oil & Gas
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Dangote refinery could be a global jet fuel supplier: CEO
David Bird, the Chief Executive of Nigeria's Dangote oil refining plant that produces 650,000 barrels a day (bpd), said the…
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Chevron invests $13.8 billion in Argentina and applies for tax breaks program
The U.S. Oil Major announced on Tuesday that Chevron has applied to Argentina's 'incentive regime' for large investments…
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Dangote refinery could be a global jet fuel supplier: CEO
Chief Executive David Bird stated on Tuesday that the Nigerian Dangote oil refining facility, which produces?650,000 barrels per day (bpd)…
LNG
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
Renewables
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EUROPE GAS-European gas prices fall amid weaker demand, peace talk uncertainty
Dutch and British gas prices fell on Tuesday morning, as forecasts for strong wind power output lowered demand. The market…
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GE Vernova's bid to stop work at New England wind farm is rejected again
A Massachusetts judge refused to lift an injunction that 'forced' turbine supplier GE Vernova?to?continue working on the…
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Bohbot, once considered the top sugar trader in the world, leaves Wilmar
Two sources confirmed on Friday that Jean-Luc Bohbot - once considered the 'world's leading sugar trader - is leaving his…
