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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed.However, analysts say it may never enter China as the terminal's…
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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…
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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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BP sells its North Sea business as CEO urges overhaul
BP launched a formal process to sell its North Sea operations on Friday as the new CEO Meg O'Neill accelerates a portfolio overhaul aimed reducing debt and simplifying BP. The British Prime Minister Andy Burnham had said earlier that he would "take a pragmatic" approach in developing and using the oil and gas resources of?the North Sea.
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Palmetto falls due to weaker soyoil but still posts second monthly gain
Malaysian palm?futures closed down on Friday as soyoil weakness offset stronger exports. However, the contract still recorded its second monthly gain. At the close, the benchmark 'palm oil contract' for?October delivery at Bursa Malaysia derivatives Exchange fell 41 ringgit or 0.88% to 4,642 Ringgit ($1,136.91).
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Baker Hughes says US energy companies have added rigs six times in the last seven weeks.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the sixth time in 7 weeks.
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Mexico's Pemex posts Q2 net profits of $1.03 billion
According to a filing at the Mexican stock exchange, Mexican state energy firm?Pemex posted a net profit of $1.03 billion in its second quarter.
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ExxonMobil to recoup initial costs and increase profits in Guyana
ExxonMobil's joint venture in Guyana has recovered the?billions?of dollars?it invested for developing a large oilfield, according…
Latest news
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Bloomberg News reported that Vitol Cargill and Glencore have cut their ties with RadiantWorld
Bloomberg News reported that Cargill and Vitol have stopped doing business with Radiant World, one of the world's largest iron-ore traders.
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Health and pollution concerns continue to grow months after the Pemex gas explosion in Mexico
Residents in rural Veracruz are increasingly worried about the?potential impact on health and the environment as large volumes?continue to _burn_.
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The financial week in five charts - Spiking yields; widening spreads; and a long cold winter
Every Friday, Open Interest distills the week's financial data into five charts that highlight the main trends, surprises and overlooked movements.
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ExxonMobil to recoup initial costs and increase profits in Guyana
ExxonMobil's joint venture has recovered billions in investment to develop an oilfield in Guyana. The South American nation…
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EDF is waiting for clarity before launching a partial Edison sale
Claude Laruelle, the finance chief of EDF, said that the utility has not given up on its plans to'sell a part of edison, the Italian subsidiary…
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As El Nino threatens, hydropower plants in the south of Brazil prepare for heavy rainfall
Generators are reviewing their plans to deal with large volumes of water. Scientists believe that a severe El Nino will occur in the next few months.
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Engie CEO: We are well-positioned to bid on gas plant tenders for Germany, Netherlands and Spain
Catherine MacGregor, chief executive of French 'power utility Engie, said that the company is in a good position to bid for…
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Shell sells Cyprus unit up to $720 Million as it focuses more on LNG
Shell announced on Friday that it had agreed to sell BG Cyprus to the Hungarian oil-and-gas firm MOL Group, for a price of up to $720m.
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
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EDF reports 8.7% decline in first-half profit
EDF announced an 8.7% decline in its first-half net income on Friday. This was due to a'reduction in wholesale electricity prices…
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French and Benelux stocks - Factors to watch on Friday, July 31
Here are some company news and stories that could have an impact on markets in France and Benelux or individual stocks. Credit Agricole…
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Wildfire emissions are on the rise, exposing millions of people to more air pollution
Scientists said that wildfires in France, Spain and other countries have caused air pollution to be harmful to millions of…
Shale Oil & Gas
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French and Benelux stocks - Factors to watch on Friday, July 31
Here are some company news and stories that could have an impact on markets in France and Benelux or individual stocks. Credit Agricole…
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Australia's Origin APLNG's revenue increases on stronger LNG spot and domestic gas sales
On Friday, Origin Energy reported a 3% increase in revenue for the fourth quarter from its'stake' in?the Australia Pacific LNG project (APLNG)…
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Oil companies sign agreements in Venezuela but delays persist
Four?sources? involved in the preparations say that Venezuelan officials and oil executives are moving ahead with the migration…
LNG
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
Renewables
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
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EDF reports 8.7% decline in first-half profit
EDF announced an 8.7% decline in its first-half net income on Friday. This was due to a'reduction in wholesale electricity prices…
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Wildfire emissions are on the rise, exposing millions of people to more air pollution
Scientists said that wildfires in France, Spain and other countries have caused air pollution to be harmful to millions of…
