Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project with Trinidad's National Gas Company after "disagreements" over commercial terms. Shell gave…
Santos Energy beats profit expectations, with second-half production up 20-30%
Australian ?oil and gas producer Santos reported a ?smaller-than-expected drop in its first-half profit and forecast higher production ?in the second ?half as its Barossa and ?Pikka ?projects ramp up. Santos stated that despite the…
Verbund claims drought costs company 370 million euros in the first half
Austrian utility Verbund announced on Thursday that the 'drought conditions' reduced earnings in the first half by 370 million Euros ($423 Million) compared to a year with normal hydrological conditions. The exceptionally low water levels during the period affected hydropower…
EQT misses quarterly profit estimates on weak gas prices, raises production forecast
The 'energy company EQT, based in the United States, missed Wall Street expectations for a?second quarter profit on Tuesday due to lower natural gas prices. The Middle East conflict sent international benchmark prices soaring, but the U.S.
EDP chief: EU governments not Brussels slowing down renewable energy investments
The?CEO? of Portuguese energy group EDP stated on Thursday that European Union member countries are not implementing the necessary?permitting?reforms to get renewable power projects built, despite European Commission efforts. Many…
Executive says TotalEnergies will begin drilling in Suriname in the next year
The vice president of exploration for the Americas at TotalEnergies, a French energy producer, said that the company expects to start a new drilling campaign in Suriname next year in order to expand its exploration targets. TotalEnergies’…
ContourGlobal, a subsidiary of KKR, enters Britain to build a large battery storage facility
ContourGlobal, an independent power producer, has purchased a large storage battery project in Scotland from New Energy Partnership Limited. This is its first foray on the British energy market. The group, which is owned by the?U.S.
Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela
Repsol wants to expand its portfolio in Venezuela, adding the Horcon oilfield, said the 'Spanish' energy producer on Thursday. This comes after signing agreements with Venezuelan government earlier this week. The company is an important partner for Venezuela's PDVSA…
Woodside struggles to sell LNG at Louisiana LNG plant according to sources
Two people familiar with the matter have told us that Woodside Energy, Australia's energy company, is having difficulty selling liquefied gas volumes produced by its planned Louisiana LNG export facility. This is because Woodside Energy wants liquefaction rates above current U.S.
TSX falls as US-Iran negotiations weigh; ARC Resources soars
Canada's main index of stocks edged down on 'Monday' as a lack of progress in U.S. - Iran peace 'talks dampened 'risk appetite'. However, Canadian energy producer ARC Resources saw its shares jump after Britain's Shell announced a $16.4billion deal. At 10:35 am.
Pluspetrol wants Argentina to support the $12 billion Vaca Muerta shale oil project
Pluspetrol, a subsidiary of Argentina's Pluspetrol, is looking to tap into President Javier Milei’s flagship investment.incentive regime in order to finance a $12 billion shale.project.in Vaca Muerta. They are betting a lot on.the…
Santos's Mideast impact will last for many years and its shipping routes avoid chokepoints
Australia's?Santos stated on Thursday that the Middle East?conflict had upended energy markets, with effects likely to?permanently?permanent for?years. It also noted?its liquefied?natural?gas shipping routes are far removed from high-risk?chokepoints.
Statkraft CEO: Iran crisis could cause European power prices to rise and industry woes
The prolonged Iran crisis, which has hampered shipments of key energy and halted the production of?Qatari gas in Qatar, is expected to increase European electricity prices and erode industrial competitiveness. This was stated by Statkraft's CEO on Thursday.
The recurring profit of EDPR, a renewable energy company, will jump 50% in 2025 due to US growth
EDP Renovaveis is the fourth largest?wind energy producer in the world. On Wednesday, it announced that recurring net profit would rise 50% by 2025. This was due to a strong U.S. expansion of capacity, despite lower capital gains. It also projected a?increase? in EBITDA for this year.
Presidio, a US energy company, plans to use a Goldman Sachs debt facility worth $1 billion to finance deals.
Presidio Investment Holdings and Goldman Sachs are working on a debt?facility of up to $1 billion, which will give the U.S. Oil and Gas Producer a war chest to pursue acquisitions when it becomes a public listed company. Energy producer EQV Ventures Acquisition Corp.
ConocoPhillips aims to cut costs by $1 billion in 2026. Profits miss on lower oil prices
ConocoPhillips announced on Thursday that it plans to reduce capital and operating costs by $1 billion by 2026. This comes after the U.S. energy producer missed Wall Street's?estimates? for its fourth-quarter profits due to lower crude prices.
ContourGlobal, owned by KKR, enters Greece through solar and battery acquisitions
KKR's energy group ContourGlobal announced on Friday that it has entered the Greek renewables markets?with a portfolio of solar plants? and 500 megawatts of?battery -energy storage? projects. The agreement includes 26 solar plants…
According to a consultant, India's leading renewable state will need more coal by 2036.
According to a government report, Rajasthan will require 4,400 megawatts by 2036 in order to "meet the rising electricity demand" despite India's leading renewable energy producer adding more?"clean energy" as it retires older thermal plants.
Equinor Explores Role in Germany Gas Plant Capacity Expansion
Norwegian energy producer Equinor is looking at options for participating in a planned German gas-fired power plant tender but requires more detail before making any decision, a senior executive said on Tuesday.Germany plans to tender eight gigawatts (GW) of new gas-fired power plant
Chevron plans to deploy rigs in 2026, and participate in the Nigerian oil license auction.
Chevron announced on Friday that it would participate in the next round of oil licensing in Nigeria and plan to deploy a drill rig by late 2026 in order to expand its operations in Africa's largest energy producer. Jim Swartz said…