Baker Hughes reports that US drillers have added rigs to their fleet for the fourth time in just five weeks.
Baker Hughes, a leading energy services company, said that U.S. companies added drilling rigs this week for the fourth time within five weeks. The number of oil and gas drilling rigs…
Virginia data centers to replace coal where coal once reigned
Entrepreneurs are now looking at the rural area with the ambitious vision to rebuild its economic by converting the old mines into data centers and solar power systems that…
India's Ministry of Finance urges caution in lending for solar modules as a glut is looming, a letter shows.
A letter from the ministry reviewed by revealed that the ministry urged banks to be cautious when financing new manufacturing capacities of solar photovoltaic modules, due…
EUROPE GAS - European prices drop on warmer and windier weather
The Dutch and British gas price continued to drop on Friday as the forecast of warmer and windier weather for next week reduced demand and tightened up the spread between…
The US-Venezuela Relationship as Seen Through the Price of an Oil-Linked Bond
The increased pressure from the United States on Venezuelan President Nicolas Maduro and his government has brought to light the defaulted debts of Venezuela, including those of Petroleos de Venezuela (PDVSA)…
Chevron's Gorgon project receives $2 billion investment approval
The Australian unit, owned by the U.S. oil company Chevron, announced on Friday that partners in the Gorgon Joint Venture had sanctioned the A$3 Billion ($1,98 Billion)…
Florida lawmakers ask Trump to reject drilling on the western coast of Florida
Florida's entire U.S. Congress delegation urged President Donald Trump on Thursday to exclude their state from a plan of his administration to expand drilling for oil and gas to new coastal areas.
US solar companies ask Congress to act on Trump's solar permit freezing
In a letter sent to Congress leaders on Thursday, dozens of U.S. Solar companies called for federal lawmakers to reverse a Trump Administration policy that had stalled permits.
Glenfarne signs 20-year LNG contract with POSCO in South Korea
Glenfarne’s Alaska LNG unit announced on Thursday that it had finalized an arrangement to supply 1,000,000 tonnes of liquefied gas per year to South Korean trading company…
Serra Verde cancels China offtake deal after being approached by Western firms
Serra Verde, a Brazilian rare earths mining company, has reduced the contract durations of its Chinese processing agreements, allowing it to potentially supply Western companies…
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. At closing…
UK consumers face higher energy bills after regulator approves $37 billion grid upgrade
The British Energy Regulator has approved an investment of 28 billion pounds ($37.33 billion), over the next five-years, to ensure that the energy system is reliable and safe in the future.
Turkey extends Russia Gas Contracts by an additional year with a view to US Investment
Turkey has finalised an extension of one year to its two gas import contracts that expire with Russia, totalling 22 bcm. It is also considering investing in U.S. production…
Sources say Exxon will permanently close one steam cracker plant in Singapore by March.
Four sources familiar with the situation said that ExxonMobil will cease operations in March at the older steam cracker on Singapore's Jurong Island. This is part of the…
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. By midday…
Inditex gains on November sales after European shares flatten out
The European stock market ended Wednesday with a largely stable performance, helped by technology gains that countered sharp declines in the financial sector. Inditex, on the other hand…
Clean energy companies in India are seeking better weather data, as regulations tighten.
India's clean-energy producers highlighted the lack of weather forecasting models on Wednesday, while the power regulator proposed stricter rules for developers to adhere to their grid commitments.
Miners benefit from financials that drag down the UK's FTSE100
The UK's FTSE 100 dipped on Wednesday, as financials shares declined. This was offset by gains in energy and mining stocks ahead of next week's U.S. Federal Reserve interest rate decision.
Pemex debt should be a red flag to potential partners when Mexico looks to increase oil production
Over a month has passed since Pemex's head made an appeal for partners to assist Mexico's state oil company in boosting production. But national and international companies are still not responding.
Maguire: High natural gas prices may lead to a new surge in coal consumption in the US
The benchmark U.S. gas prices will end 2025 the same way they started - with an explosive rally. This is bad news for those who hoped for a further reduction in coal consumption in the U.S.