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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 Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.The…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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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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Shell's profits beat expectations by $6.9 billion and raise dividends by 5%
Shell's first-quarter profit surpassed estimates on Thursday and reached its highest level in two years, at $6.9billion,…
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Palm extends its fall on weaker Chicago Soyoil and firmer Ringgit
The 'Malaysian Palm Oil Futures' fell for the?second consecutive session on Thursday. This was due to a weaker Chicago soyoil and a stronger ringgit…
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Due to QatarEnergy's force majeure, Edison's operating profit for the first quarter of 2012 has been cut in half.
Italian Edison has lowered its full-year forecast and said that its operating profit for the first quarter of this year was…
Latest news
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The Iranian war has forced DNO to shut down its Iraqi Kurdistan Oil Production
Norwegian oil company DNO announced 'on Thursday that its production in the semi-autonomous Kurdistan region in iraq remained…
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Bouygues exceeds operating profit expectations on strength in energy services
French conglomerate Bouygues reported ?better-than-expected first-quarter core earnings on Thursday, as strength ?in its…
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French and Benelux stocks: Factors to watch on May 7
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. AirAsia…
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Australia requires LNG exporters reserve 20% of their gas for the east coast market
The Australian government announced on Thursday that 'energy producers should reserve 20% of the natural gas they produce…
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Japan's Nikkei soars above 62,000 due to earnings and Middle East optimism. JGBs rally
The Nikkei share index in Japan reached a new record high on Thursday, and Japan's bonds also rose as the financial markets…
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Wealthy donors join the Trump-adjacent populism that is sweeping Australia
Angus Aitken, a Sydney stockbroker, donated A$230,000 (165,000) to Australia's conservative Liberal Party a few months before…
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ROI-Emerging markets defy energy shock. But how long will it last? McGeever
The bond spreads on emerging market bonds are at their tightest level in years, despite the largest energy supply shock ever.
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Atmos Energy increases its annual profit forecast due to strong natural gas demand
Atmos Energy increased its annual profit forecast on Wednesday, after reporting a 'rise in second-quarter earnings. It expects…
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Tenaris warns that the Middle East conflict will affect second-quarter sales
Tenaris, an Italian steel pipe manufacturer, warned late on Wednesday it expected its second-quarter sales to be affected…
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Shale producer APA beats first-quarter profit estimates
U.S. shale oil producer APA surpassed Wall Street expectations for the first-quarter profit?Wednesday as higher oil?prices…
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EU considering suspending penalties against oil and gas companies that violate methane laws
After?pressure by industry and the United States government, the European Commission has developed plans to let oil and gas…
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EDP's profit recurring drops by 9% following storms in Portugal. This exceeds expectations
EDP, Portugal's largest utility, posted a 9% decline in its first-quarter net profit. The drop was attributed to severe storms…
Shale Oil & Gas
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EU considering suspending penalties against oil and gas companies that violate methane laws
After?pressure by industry and the United States government, the European Commission has developed plans to let oil and gas…
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Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S. and Iran reach a peaceful agreement to end their conflict, oil supplies will tighten in the coming weeks. It…
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Eni shareholders clear the way for CEO to record-breaking fifth term
Eni shareholders approved Wednesday the appointment of?board members proposed by the Italian government. This will allow Claudio Descalzi…
LNG
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and con
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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…
Renewables
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Bloomberg News reports that Microsoft may abandon its 2030 clean energy goal as AI increases power consumption.
Bloomberg 'News' reported on Wednesday that Microsoft may delay or abandon its 2030 goal to match its hourly electricity…
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Palm oil falls nearly 3% due to weak crude and Chicago soyoil
The ringgit gained against the dollar and crude oil prices fell. The benchmark July palm oil contract on the Bursa Derivatives…
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Orsted's core profit for the first quarter of 2018 exceeds expectations and maintains outlook
Orsted, the Danish offshore wind developer, reported on Wednesday a core profit for the first quarter that was above expectations.
