Baker Hughes and Frontier Infrastructure form a carbon capture partnership
Baker Hughes announced on Monday a partnership between Frontier Infrastructure and the United States' largest carbon capture and storage solutions (CCS). Oilfield Services provider adds…
Source: Kazakhstan increased oil production to a record of 2,12 million bpd during February.
A source said that Kazakhstan increased crude oil and condensate output in February by 13% compared to January, reaching a record of 2,12 million barrels a day. This was again a higher…
Shell's LNG enthusiasm for Asia is a conundrum of volume vs. price: Russell
Shell's long-term outlook is contradictory, which shouldn't be surprising. Shell's annual LNG outlook was released last week. It predicted that the demand for LNG would increase by 60% by 2040.
Sinopec certifies reserves of 1.3 billion barrels at East China Shale Oil Plays
Sinopec Corp announced on Monday that the Chinese government had certified new geological resources of about 180 million tons or 1.3 billion barrels at two of their shale-oil plays. Sinopec…
Trump's tariffs threaten Canada's oil and natural gas drillers
Canada's oilfield services and drilling sector has already begun to show signs of slowing down due to the threatened tariffs by U.S. president Donald Trump. This has sparked fears that…
German contracts benefit from rising gas and carbon prices
German power contracts for the year ahead rose Monday in line with higher gas contracts as well as carbon permits. The German power price for the year ahead was up 2.5% to 87 Euros ($90.55).
Palm oil prices fall on weaker export data and a muted competition.
Malaysian palm futures fell on Monday, following a drop in the prices of rival oils. The weakening exports of palm oil from Malaysia in February also affected sentiment. The benchmark May…
Equinor's Arctic Johan Castberg Oilfield delayed by weather
A spokesperson for Equinor said that the start-up of oil production at Equinor’s Arctic Johan Castberg Field has again been delayed due to bad weather. Castberg will become the second oilfield…
Data shows that Russia's LNG exports between January and February fell 7.3%.
LSEG released preliminary data on Friday showing that Russia's LNG exports in the first half of this year were down 7.3% compared to a year ago, at 5.1 million metric tonnes. This was due…
Aurora increases its European battery capacity 2050 forecasts by 30%
Aurora Energy Research increased its forecast of 2050 battery storage in Europe by nearly 30%, to 128 gigawatts. It highlighted Italy as the most appealing market for investors. The demand…
British Energy Secretary to visit China to restart energy discussions, sources say
Three sources who have direct knowledge of this plan say that British Energy Secretary Ed Miliband is planning to visit China in march, where he will restart discussions on energy cooperation, and meet with Chinese investors.
Palm oil gains for the first time in three months
The price of Malaysian palm oils futures increased on Friday, posting their first monthly gain for three months. This was boosted by the strength in competing oils and expectations that India will increase its purchases.
FGV Holdings Malaysia expects to see higher profit margins by 2025
FGV Holdings, the Malaysian palm oil producer, said Friday that it expects higher profit margins by 2025. This is due to improved productivity on its estates as well as increased palm prices during the first half year. Mohd.
As demand falls and wind output varies, the market is lulled.
The market untraded the German and French power prices for Sunday on Friday, as it weighed an anticipated rise in German wind power and a decline in French output against general drops in demand.
Romanian government extends the energy price cap
Marcel Ciolacu, Romania's Prime Minister, announced on Thursday that the coalition government would extend the price cap for electricity to households and businesses up until June, and for gas, for one year.
Palm oil drops on weaker rival oils and a bearish outlook
The price of Malaysian palm futures fell on Thursday after two sessions of gains. This was due to the weakness in other oils and a negative outlook from analysts. By midday, the benchmark…
Palm oil prices rise on short covering
Malaysian palm oils futures rose again on Wednesday, despite the bearish outlook of industry analysts. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up 42 Ringgit (0.92%) or $1…
World Bank and other lenders criticise Pakistan’s energy negotiations
A group of eight development financing institutions warned that Pakistan's unilateral renegotiation will damage investor confidence in the clean energy sector and harm its long-term prospects.
BP changes course by increasing fossil fuel investments while cutting back on renewable energy
BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return the focus to fossil-fuels as part of Murray Auchincloss’ efforts…
As alternatives gain market share, palm oil prices will be pressured by a slowing demand.
Prices are expected to fall as palm oil production recovers and imports drop due to price-sensitive consumers. This will reduce the advantage of tropical oil over its rivals even though…
