Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects…
India Coal is Back in Business
India's coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand, rising supply from new mines and strong demand for imports."King…
COP 25: The Affordable Energy Transition
By Sverre Alvik, Energy transition program director, DNV GLIt is not too good to be true, it is the economic reality that lies ahead of us. The energy transition facing us in the coming decades is an affordable one.
Norway Wealth Fund to Drop ConocoPhillips, Hess
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.As…
Offshore Wind Ready To Take Off in US
Up and down the East Coast, initiatives to develop a massive and largely untapped market can make sea change in American offshore wind, says the Institute for Energy Economics and Financial Analysis…
Japan's U.S. LPG 2017 Imports hit Record High
U.S. now meets half of Japan's LPG demand; U.S. supplies have soared as part of shale boom. Japan's liquefied petroleum gas (LPG) imports from the United States are expected to double in 2017 to a…
US Interior Department Rescinds Coal Valuation Rule
The U.S. Department of the Interior said on Monday it has rescinded an Obama-era rule that reformed how energy companies value sales of oil, gas and coal extracted from federal and tribal land to protect…
Heriot-Watt Sets Global Data Landscape for BP Statistical Review
The economics professor who leads the in-depth data collation process for BP’s annual Statistical Review of World Energy has welcomed the energy major’s latest findings as “clear evidence of a major…
Coal: India's Energy Mainstay for Next 30 Years
Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.
India to Cut Iranian Oil Purchases in Row Over Gas Field
Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
India's 2016 Iran oil Imports at Record High
India's Apr-Dec Iran oil imports up 125 percent to 530,000 bpd; India 2016 total oil imports up 7.4 percent to 4.3 million bpd. India's annual oil imports from Iran surged to a record high in 2016…
Reliance to Lift Iran Oil after 5-yr Hiatus
India's Reliance Industries Ltd, owner of the world's biggest refining complex, is preparing to lift oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks between the two.
Rare Oman Crude Cargo May Ship to U.S.
WTI's premium to DME Oman at more than 5-year high; Koch may ship Oman crude to U.S. Gulf Coast. The United States could receive its first Oman cargo in three years after a brief opening of the arbitrage window earlier this month when U.S.
Queensland 2015 Coal Exports at Record Levels
Coal exports from Australia's Queensland state hit record levels for the second year in 2015, with shipments to India up sharply despite stalled attempts by Indian conglomerates to win approvals to dig new outback mines, data showed on Monday.
Saudis No Longer Top Crude Supplier to India, China
Africa supplied 26 pct of May India imports vs April's 15.5 pct, Middle East oil share fell to 54 pct from 61 percent. Saudi Arabia lost its spot last month as India's top oil supplier to Nigeria for the first time in at least four years…
For US Coal, Market Realities Grow Increasingly Harsh
Struggling U.S. coal companies face debt hurdles, complications from reclamation and pension obligation, pressure from hedge funds; the Institute for Energy Economics and Financing Analysis (IEEFA)…
Saudi Arabia Restructures Aramco
Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil…
Simons Named IEA Deputy Executive Director
Senior U.S. Paul Simons, a senior United States diplomat with a strong background in energy and economic policy, has been selected to be the new Deputy Executive Director of the International Energy Agency.
Rosneft, India Secure Oil & Gas Deals
Rosneft aims to supply 200,000 bpd oil to Essar over 10 years; Russian bank VTB to open $1 billion credit line to Essar. Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday…
Japan's Bid to Forge National Grid Stumbles
After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.
