Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted by electricity prices that will remain low in comparison to other parts of Europe.
Eni CEO: Eni can receive Venezuelan oil as payment for gas
Eni CEO, Eni, said that Venezuela is now able to pay for the gas it receives from Eni with oil, thanks to recent U.S. sanctions being eased. This has 'unlocked' a situation…
Eni CEO: Eni can receive Venezuelan oil as payment for gas
Eni CEO, Eni, said that Venezuela is now able to pay for the gas it receives from the Italian company with oil, thanks to recent easing of U.S. sanctions. This has helped…
Cheniere Raises Share Repurchase Target After Q4 Profit Doubles
Cheniere Energy said its fourth-quarter profit more than doubled on strong liquefied natural gas (LNG) demand and the company raised its share repurchase target to more…
Sempra lifts capital spending plan, beats quarterly profit estimates
Sempra, a company that provides energy infrastructure, raised its capital plan for the next five years by 16%. It also beat Wall Street's estimates of?fourth quarter adjusted profit.
Cheniere increases buyback plan above $10 billion due to strong LNG demand
Cheniere Energy reported that its fourth-quarter profits more than doubled due to a?strong demand for liquefied gas (LNG). The company also raised its share repurchase goal from $10 billion until?2030.
Technip's chief claims that the floating wind market is'much smaller than expected'
Technip Energies CEO Arnaud Pietten said that the demand for floating wind turbines was much lower than it had been only three to five years ago. This reflects a broader concern across the wind industry.
Palm tracks Dalian, Chicago competitors lower; firm currency weight
Malaysian palm?oil?futures dropped on Thursday. They were weighed down by a weakening oil market in Dalian, Chicago and sluggish exports. The benchmark palm-oil contract…
Deka, an investor, says Siemens Energy shouldn't'squander" its wind division
Siemens Energy shouldn't sell its wind division for less than?value. A top-20 shareholder made the statement on Thursday, at the annual general meeting of the group, where…
Technip Energies, France's Technip Energys, misses its Q4 profit target and announces a buyback
The French energy infrastructure company, Technip?Energies, reported a quarterly adjusted core profit that was below the market expectations. However, it announced a higher…
VEGOILS - Palm oil tracks Dalian palm and Chicago soy oils are lower; weak exports weight
Malaysian palm oil futures dropped on Thursday. They were weighed down by weak Dalian palm oil, Chicago soy oil prices, and sluggish exports. By midday, the benchmark palm…
Indonesian court delivers verdicts in corruption cases linked to Pertamina, the state energy company
On Thursday, an Indonesian court will deliver its verdict on nine people who are accused of illegally importing crude oil, leasing a fuel terminal and other actions which…
APA exceeds its quarterly profit forecasts as lower costs offset the weak price, output
Oil and 'gas company APA beat the fourth-quarter profit estimate?on Friday. This was helped by lower operational costs that offset the impact of weaker commodity prices & a decrease in?production.
US provides historic $26.5 billion loan to Southern Co subsidiaries
The?U.S. The Energy Department announced on Wednesday that it has provided a loan of $26.54 billion to'subsidiaries' of Southern Co in order to improve grid reliability.
Shell and MET Group sign an MOU to supply US LNG to Europe
LONDON, February 25 - Switzerland's energy trader MET Group reportedly announced on Wednesday that it 'has signed a Memorandum of Understanding (MoU), with Shell, for the…
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ will likely consider?raising their oil output by 137,000 barrels a day for April. Three sources familiar with OPEC+'s thinking stated that the group is preparing for…
First Solar shares fall after poor sales forecast amid policy uncertainties
On Wednesday, shares of First 'Solar' fell 12.8% and reached their lowest level since September last year. The company had forecast sales that were below Wall Street estimates due to uncertainty in the U.S.
Sources: Saudi Arabia increases oil production and exports to prepare for a US attack against Iran
Saudi Arabia has increased its oil exports and production as part of an emergency plan, in case a U.S. attack on Iran disrupts Middle East supplies. Two sources familiar…
Saipem is poised to return to Venezuela following the easing of U.S. sanctions
Alessandro Puliti, the chief executive of Italian oil contractor Saipem, said that it is prepared to resume operations in Venezuela after the lifting of U.S. sanction -…
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ is likely to consider raising its oil production by 137,000 barrels a day in April, according to three sources familiar with OPEC+'s thinking. The group is preparing for the peak summer demand…