Tuesday, April 1, 2025

Industry News

Trump tariffs stymie M&As and IPOs during what was expected to be a record-breaking quarter

The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this…

M&A revenues fall as Trump pursues his tariffs. Global deal activity is disappointing

The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this…

Brazil's Eike Batista eyes new $500 mln Gulf investment in 'supercane' project

Eike Batista was once Brazil's richest businessman. He said that a Gulf investor would soon announce a $500-million investment in his project to use modified sugarcane for the production of sustainable fuels. Batista said that the project had already received $500 million in funding from Sao Paolo's private development bank Brazilinvest and aims to secure another investment of this size from a strategic investor from the United Arab Emirates.

Indigenous groups in Peru protest Glencore's Antapaccay mine

A local leader reported that members of Indigenous communities in Peru's Cusco Region blocked access to Glencore Antapaccay Copper Mine to protest against an expansion plan. In an interview, Flavio Huanque, a community leader from the area, said that local residents began to block roads on Sunday and called for a meeting between government officials and mining companies over concerns about environmental damage caused by the expansion plan.

Sources say that the White House is considering an executive order to speed up deep-sea mines.

Two sources who are directly involved in the White House's deliberations say that they are considering an executive order which would expedite permits for deep sea mining in international waters. This would allow mining companies to bypass a United Nations review process. The order, if signed, would be the latest effort by U.S. president Donald Trump to tap into international deposits of nickel and copper…

The LAPFF in Britain recommends voting against BP Chairman, annual report

The Local Authority Pension Fund Forum in Britain (LAPFF), recommended to shareholders on Monday, that they vote against the reelection of BP Chairman Helge Lund and BP's Annual Report, remuneration reports, as well as abstaining on whether BP Chief Executive Murray Auchincloss is reelected. Institutional Shareholder Services Inc. (ISS) as well as Glass Lewis, two influential proxy advisors…

Texas oil and gas upstream jobs increase in February, says industry group

The Texas Independent Producers and Royalty Owners Association, or TIPRO, announced on Friday that upstream oil companies increased hiring in February. This is the second consecutive month of growth. Hiring in upstream, which includes drilling and producing oil activities, can be an indicator of how the oil and gas sector is doing. More drilling could be expected if companies hire more staff. TIPRO represents more than 3,000 independent producers in Texas.

Sources say India is considering scrapping the import tax on US LNG to boost purchases.

Four government and industry sources have said that India is considering scrapping the import tax on U.S. LNG to increase purchases and reduce the trade surplus, which is a major irritation for President Donald Trump. Both sides want to increase volumes in order to meet the energy needs of India's fast-growing economy. Qatar is India's top LNG supplier. India and the United States agreed that they would increase their energy purchases in the U.S.

Alaska Governor briefs Trump on Asia Gas Push as Tariffs Bite

Alaska's Governor said that he would brief U.S. president Donald Trump's Administration after returning from Japan in the next week about progress made to secure Asian support for a project to develop natural gas, which has been part of a larger discussion on tariffs and trade. Governor Mike Dunleavy and the leaders of the state-run Alaska Gasline Development Corporation and Glenfarne Group visited Taiwan…

Jain and Boersma: US LNG exporters may run into a methane problem in Europe

New methane regulations may be a hindrance to the Trump administration's goal of "energy dominance", which is the United States' largest export market. The EU's President Ursula von der Leyen indicated that they may be willing import more U.S. LNG, in part to lower the EU's trade deficit. However, the process of making this happen can become complicated. Many utilities…

The Malaysian palm is poised to gain a weekly profit on the strength of physical demand

The price of Malaysian palm oils rose for the third session in a row on Friday. This was due to strong demand before Eid al-Fitr, an Islamic holiday. Also, rival vegetable oil prices were strong. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for June delivery had gained 80 ringgit or 1.86% to $4392 ringgit (US$991.20) per metric ton.

Liberty CEO Gusek views steel tariffs as having a modest impact on oilfield services

Ron Gusek, Liberty Energy's Chief Executive Officer, said that the tariffs imposed by President Donald Trump on steel imports will have a modest impact on oilfield service providers' earnings. Trump has imposed tariffs of 25% on steel and aluminium on March 12 and could be imposing more on April 2. Dallas Federal Reserve's survey of executives on Wednesday revealed that…

Vucic: Serbia will lose access to oil imports when the deadline for sanctions looms.

Serbia may lose access to essential oil imports as of Friday, after discussions to stop the imposition by the United States of sanctions on its sole oil refinery failed. President Aleksandar Vucic stated this in an interview published. The waiver of sanctions expires at midnight. If it is not extended, NIS, which is owned by Russia's Gazprom and Gazprom in majority, may face a reduction in crude oil supply.

Brazil's sugar crushing fell by 18% during the first half of March.

Unica, a Brazilian industry group, said that the amount of sugar cane crushed in the center-south region in Brazil during the first six months of March was down almost 18% compared to the same period last year. Unica reported that the sugar production in the area during the same time period fell by 19%, to 52,000 tonnes, while the ethanol production increased by around 20%, at 442 millions liters.

Government data shows that Britain's greenhouse gases emissions decreased by 4% between 2024 and 2025.

The government released preliminary data on Thursday showing that Britain's greenhouse gases (GHGs) will fall by 4% between 2024 and 2025. This is due to the closing of the last coal-fired plant in the country, and the reduction in emissions from the industrial sector. Britain's goal is to achieve net zero emissions in 2050. This will require an increase in renewable energy and the switch to cleaner electric cars.

EnQuest pays its first dividend after a swing to an annual profit

EnQuest, a North Sea oil producer, declared its first ever final dividend of 15 million dollars on Thursday. The higher oil prices helped to boost the company's annual profit after tax. The shares of the London listed energy group rose by 3.4% at 13.8 pence as of 0830 GMT after it announced that it would pay its first dividend of 0.616 penny per share in June. It reported a profit after tax of $93.8 millions for 2024.

The prize is worth billions of dollars, but winning it is the key: Russell

Decarbonising steel is one of the biggest challenges to meeting climate goals. However, it could be extremely profitable for those companies and governments willing to take on the risk. Steel value chain is responsible for 7 to 9% global carbon emissions. It is the biggest industrial contributor, and therefore a primary target for many countries' and companies' goals for net-zero in 2050. About 80% of the steel emissions are caused by one single process.

US considers cutting funding to four of seven hydrogen hubs

According to a source familiar with the issue, the U.S. Department of Energy has considered cutting funding to four of seven hubs for hydrogen that were chosen under a $7-billion federal program. The hubs are part of the effort by former President Joe Biden to decarbonize U.S. economics. They aim to boost the production of clean hydrogen and the infrastructure required to deliver it to industrial users such as steelmakers and Cement plants.

Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape

Image courtesy GAC

The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional development.Nigeria’s standing in the global energy landscape is getting a boost with domestic refining capacity expanding in 2025.

Bosch plans to generate billions of dollars in revenue from hydrogen by starting production of electrolyser components

Bosch announced on Wednesday that it will start producing electrolyser parts for hydrogen production and expects its hydrogen business revenue to reach billions of Euros by 2030. Germany is looking to increase its reliance on hydrogen for future energy sources to reduce greenhouse gas emissions from highly polluting industries that can't be electrified, such as steel or chemicals. It also wants to reduce the dependency on fossil fuel imports.

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.