US Energy Secretary: There are many opportunities for mutually beneficial energy trade with China
Chris Wright, the U.S. Energy secretary, said that there are many opportunities for a "win/win" energy trade between China & the United States. Donald Trump, the U.S. president and Xi Jinping, the Chinese president, reached a fragile truce on trade in South Korea Thursday.
Fugro's profits beat estimates, but the company is still cautious about Q4
Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter.
Executives say that Japanese utilities could find a replacement for Sakhalin-2 in the event of LNG supply interruption.
Executives said that Japanese utilities JERA, Tohoku Electric Power Co and Sakhalin-2 can find alternative sources of gas if the flow is interrupted. This comes amid U.S. demands to stop energy imports from Russia. This month, the U.S. urged Japan and…
Executives say that Japanese utilities could find a replacement for Sakhalin-2 in the event of LNG supply interruption.
Executives said that Japanese utilities JERA, Tohoku Electric Power Co and Sakhalin-2 can find alternative sources of gas if the flow is interrupted. This comes amid U.S. demands to stop energy imports from Russia. This month, the U.S. urged Japan and…
First Solar's sales exceed expectations, and the company plans to open a second US factory
First Solar, the largest U.S. solar panel manufacturer, exceeded expectations for third quarter sales on Thursday. This was due to robust demand for their products. Their shares rose more than 5% during extended trading. Solar-generated electricity has become one of the fastest growing segments in the U.S.
First Solar's robust sales beat expectations in the third quarter
First Solar's shares rose more than 5% on extended trading after it beat third-quarter expectations. This was due to robust demand for the company's products. Solar-generated electricity has been growing at a rapid rate in the U.S. Energy Industry,…
Why are rare earths important and what are they?
The U.S. Keep Chinese rare earths exports flowing. What are they? Rare earths is a grouping of 17 elements, including 15 metals that are silvery white, called lanthanides or lanthanoids. They also include scandium and yttrium. What are they used for?
Due to the shutdown, Americans are at risk of losing millions in heating assistance.
The government shutdown could make it difficult for millions of Americans to access funds for heating their homes as early as next month, according to lawmakers and nonprofit organizations from both parties. In its 29th day of the shutdown, the U.S.
Copper Notches Record High as Supply Shortages Take a Toll
The copper price hit a record of $11,146 per ton on Tuesday, as a result of a shortage in mine supplies. This was after several weeks at high levels. The London Metal Exchange's three-month copper was up 0.5% to $11,095 by 1035 GMT. It had earlier risen 1%…
Tokyo Gas CEO: US is priority market for overseas expansion, Tokyo Gas.
Tokyo Gas will prioritize the U.S. for its overseas expansion because of its high growth potential, CEO Shinichi SASAYAMA said on Wednesday. Japan's biggest city gas provider is looking at a possible offtake of gas from Alaska. Tokyo Gas, Japan's largest buyer of liquefied gas…
Nikkei reports that Japan's PM has rejected the US request to ban Russian imports of energy
The Nikkei daily, citing Japanese officials, reported that the Japanese Prime Minister Sanae Takaichi had told U.S. president Donald Trump during their meeting on Wednesday in Tokyo that it would be difficult to ban Russian LNG imports. Sakhalin-2 is…
Report: Oil and gas projects will be delayed by 2026 due to rising tariffs.
A Deloitte report released on Wednesday showed that the U.S. President Donald Trump’s sweeping tariffs will raise operating costs in 2026. They will also disrupt supply chains, and reduce investment momentum. Energy industry operations are heavily dependent on international supply chains.
Enphase Energy's forecast for the fourth quarter revenue is below expectations, signaling a tariff increase
Enphase Energy's fourth-quarter revenue was below Wall Street expectations on Tuesday. The company also said that U.S. president Donald Trump's tariffs negatively affected its margins. Shares of the solar inverter manufacturer fell over 8% following hours.
EU pools companies' requests to buy more non Russian gas
In the coming weeks the European Union will begin pooling the demand for gas from European companies, said its energy commissioner, as it attempts to accelerate its efforts to phase-out Russian energy. The EU is currently negotiating proposals that…
Aramco CEO: Oil demand is strong and the market is watching Russia sanctions
The CEO of Saudi Arabia's state-owned oil giant Aramco stated on Tuesday that crude oil demand had been strong before sanctions were imposed against major Russian oil companies Rosneft, and Lukoil. He also said the Chinese demand was healthy. Donald Trump, the U.S.
Lukoil, a Russian oil company, says it will sell its international assets in response to Western sanctions
Lukoil - Russia's second largest oil producer - announced on Monday that it will sell its international assets in response to sanctions imposed by the United States last week over Ukraine. The sale of assets will be the biggest action taken by a Russian…
Venezuela suspends energy agreements with Trinidad including gas projects
Venezuela's Oil Ministry will ask the President to suspend an agreement for a broad cooperation with Trinidad and Tobago in the energy sector, including the joint gas projects that are currently being negotiated, said the South American nation's Minister of Oil.
Sources say that OPEC+ is leaning toward another small increase in oil production.
Four sources familiar with the discussions said that OPEC+ is likely to increase output modestly in December as it continues with its monthly increases aimed at regaining market share. After several years of reducing production to support the oil markets…
Sources say that OPEC+ is leaning toward another small increase in oil production.
Four sources familiar with the discussions said that eight OPEC+ countries are likely to increase oil production modestly for December at their meeting on Sunday, as Saudi Arabia tries to regain market share. OPEC+ increased its monthly production targets…
KBW cites Geico tariffs and Buffett as reasons for a Berkshire 'underperformance'.
Keefe, Bruyette & Woods has downgraded Berkshire Hathaway to "underperform". The firm cited lower car insurance margins, lower interest rates, smaller tax credits for clean energy, and Warren Buffett’s departure as factors that will affect its share price.