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Dutch prices rise on Norway's tariff extension and outage extension
Dutch wholesale gas prices increased on Monday morning. This was supported by a prolongation of Norwegian outages, and a delayed U.S. tariff on European goods. However, activity in Britain and America was low due to the holidays. On the Intercontinental Exchange, the benchmark Dutch…
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Thyssenkrupp separates automotive and materials trading units with latest overhaul
Thyssenkrupp announced on Monday that it will separate its automotive, materials-trading and green technologies divisions over the next few years. This is the latest restructuring effort by the German conglomerate. Thyssenkrupp announced that the move would open the three divisions up to external ownership.
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South Africa offers to buy US LNG in order to seek trade deals
According to a statement on the website of the South African government's news agency, South Africa offered to purchase liquefied gas from the United States for a period of 10 years as part proposals to secure a deal. The document signed by Minister of the Presidency Khumbudzo Ntshavheni…
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Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm. The country is looking to re-establish its energy ambitions against a global slump of projects that have been hit by rising costs and delays. By 2040, the government wants to reach 45 gigawatts in offshore wind power…
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Sources: SOCAR, Gunvor and Bin Butti will bid for refiner Italiana Petroli
Two sources familiar with the matter said that next week, State Oil Company of Azerbaijan SOCAR, global commodity trader Gunvor as well as Abu Dhabi's Bin Butti Group will be expected to make binding offers to acquire Italian oil refiner Italiana Petroli. UniCredit is advising IP, or API Group as it's also called, on the sale.
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Nasdaq issues a warning to New Fortress Energy for non-compliance
New Fortress Energy, a U.S.-based LNG company, said on Tuesday that it had received a notice from Nasdaq regarding non-compliance…
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Alberta wildfire disrupts oil production and forces evacuations
Wildfires in Alberta, Canada forced the temporary shut-down of oil and gas production. Residents of a small community were also forced to evacuate.
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Even after Trump's reprieved, the EU is still trying to reach a trade agreement with Trump
It is unclear how the European Union will reconcile its desire for a trade agreement that benefits both sides with Washington's…
Latest news
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Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm.
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PREVIEW: Exxon and Hess will face off over Chevron's oilfield deal
Exxon Mobil, the top U.S. oil company, and Hess are scheduled to meet in court on Monday to decide whether Chevron will be…
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Malaysia's Petronas targets China and Vietnam while looking for long-term LNG supplies
A Malaysian company, Petroliam Nasional or Petronas aims to increase its liquefied gas sales in markets like China and Vietnam…
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NYT reports that US EPA wants the greenhouse gas limitations on power plants to be removed.
New York Times, citing agency documents, reported that the U.S. Environmental Protection Agency had drafted a proposal to…
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US regulators approve construction of Venture Global CP2 liquefied natural gas plant in Louisiana
A document published by the FERC on Friday showed that US regulators had given Venture Global permission for construction…
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Saudi Aramco is considering asset sales as a way to raise funds, according to sources
Two people familiar with the matter have confirmed that Aramco, Saudi Arabia's state-owned oil company, is looking at selling…
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US drillers reduce oil and gas rigs at lowest level since November 2021, according to Baker Hughes
Baker Hughes, an energy services company, said Friday that U.S. firms have cut back on the number of natural gas and oil…
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Schedule for US Energy Data in the week of May 25
The Memorial Day federal holidays on May 26 and May 26th will impact the release schedule for some major energy data that…
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Exxon and Hess will face off over Chevron's oilfield deal
Exxon Mobil, the top U.S. oil company, and Hess are scheduled to meet in court on Monday to decide whether Chevron will be…
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Saudi Aramco is considering asset sales as a way to raise funds, according to sources
Two people familiar with the matter have confirmed that Aramco, Saudi Arabia's state-owned oil company, is looking at selling…
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Trump's push to speed up reactor approvals has a profound impact on the U.S. nuclear industry
The U.S. president Donald Trump directed on Friday the independent nuclear regulator of his country to ease rules and speed…
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The government claims that oil production in Guyana dropped to 611,000 barrels per day in April.
According to a government bulletin published on Friday, oil production in Guyana decreased to 611,000 barrels of oil per day (bpd) in April.
Exploration
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New Zealand Government plans to coinvest in new gasfield projects
The government of New Zealand announced its budget for Thursday that it will co-invest with other countries in developing new gas fields.
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Egypt's EFG Hermes reports Q1 revenue down 34% from previous FX gains
The revenue of Egyptian financial services firm EFG Holding decreased by 34% annually in the first quarter due to a gain…
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Pertamina, an Indonesian company, has imported Russian crude oil since last year
The CEO of Pertamina’s refinery division said that Indonesia’s Pertamina imports Russian crude to its refineries since last year.
Drilling
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Norway Oil Drilling Unions Seek Mediation to Avoid Strike
Two unions have said that wage negotiations involving 7,000 oil drilling employees in Norway failed early on Wednesday. This…
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North Dakota oil producers are planning to reduce rigs as a result of lower prices, a state regulator has said
The Department of Mineral Resources in North Dakota said Friday that oil and gas operators have stated they will be reducing…
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US accelerates oil and gas land parcel review for federal leasing
Interior Department announced on Tuesday that the Trump administration would reduce the time required to review land parcels…
Production
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EDP Renovaveis Expects Core Recurring Profit in 2025
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow…
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Texas Pacific Land misses its core profit forecast for the first quarter due to lower oil prices
Texas Pacific Land, a land and royalty company focused on the Permian region, missed Wall Street's expectations for its first…
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TotalEnergies Seeks $16B Permit For Green Hydrogen Project in Chile
Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern C
