Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S. will need help to fill up the Vault's 60 critical minerals. The friend-shoring game is back and with a vengeance. As the U.S. tries to…
Maguire: Australia's renewable energy boom will deliver a coveted price for power
Australia's wholesale power prices dropped to their lowest level in four years by 2025. This bucking of rising prices elsewhere, and proving that renewables-intensive power systems can lower power costs for consumers. The increased battery storage capacity, and the solar farms could allow utilities to reduce operating costs. These savings may be passed on to businesses and households as early as this year.
Russian Drones Hit Odesa Energy Infrastructure, Cutting Power
Russian forces struck energy facilities in Ukraine's Odesa region on the Black Sea overnight, leaving over 95,000 people in the southern part of the region without power, a regional official said on Tuesday.Russia launched 125 drones at Ukraine overnight and Ukrainian air defence units shot down or neutralised 110, the Ukrainian air force said.Oleh Kiper…
BP does not intend to honor the National Oil Bargaining Agreement, says union
The union representing hundreds of workers in BP's Whiting Refinery, the.largest refinery.in the Midwest, announced?on.Friday that the British oil giant does not intend honoring the national oil bargaining agreements. The United Steelworkers union has adopted a national oil bargaining agreement that was negotiated with Marathon Petroleum to be used in contracts between 30…
Trinidad's Atlantic LNG will shut down Train 4 to perform major maintenance
Three people familiar with the plan said that Trinidad and Tobago’s flagship 'Atlantic LNG' plans to close its 6 million metric ton per annum Train 4 in May and/or June for maintenance and repairs. Atlantic LNG is owned by Shell, BP and Trinidad's National Gas Company. Each company holds a 45% share. According to documents from the company…
RWE looks to buy LNG from ADNOC in Germany as it moves to diversify its supply
RWE signed a preliminary agreement with Abu Dhabi National Oil Company on Friday. The German utility stated that it could purchase LNG for European markets as Berlin strives to diversify their energy partners. The German Chancellor Friedrich Merz has been visiting the Gulf region to look for new energy sources, and to reduce the country's dependency on the United States, its dominant supplier.
Shell stops further Kazakhstan investment due to legal disputes, CEO states
Shell has halted new investments in Kazakhstan due to legal actions taken by the government against the oil giant and other international companies over cost disputes. CEO Wael sawan confirmed this. Kazakhstan has been in conflict with international oil companies for many years. It launched arbitration proceedings against the developers who developed its Kashagan oilfields and Karachaganak…
Shell stops further Kazakhstan investment due to legal disputes, CEO states
Shell has halted new investments due to legal actions launched by the government against it and other international companies for cost disputes. CEO Wael Sawan said that Shell would halt its new investments because of the legal proceedings. Kazakhstan has been in conflict with international oil companies for many years. It launched…
Germany's PNE has lost bid for Vietnam wind projects, in a new blow to foreign investors
The Vietnamese authorities have selected a newly-created subsidiary of the real estate conglomerate Vingroup for the development of the first phase of the country's biggest wind power project, leaving out Morgan Stanley's German renewable company PNE. PNE said that the decision was a "surprise". Hanoi cut retroactively subsidies last year for several renewable energy companies.
Shell CEO: We want to export Venezuelan Gas through Trinidad
Wael Sawan, the CEO of Shell, told Bloomberg TV that he hopes to have the?gas produced from Venezuela's Dragon Field in three years and then processed in Trinidad and Tobago before export. Shell and Trinidad are trying to increase natural gas supplies to Trinidad's Atlantic LNG Export Facility and the broader petrochemical industry amid shortages caused by dwindling Caribbean island supplies.
US auctions drilling rights in Alaska Reserve on March 9
On Thursday, the Trump administration announced that it would sell oil and gas?drilling?rights across 5.5 millions acres of Alaska’s National?Petroleum Reserve. This sale is?the first in a series of at least five that President Donald Trump signed into law with his One Big Beautiful Bill Act last year. Since 2019, the U.S. government has not sold tracts on the Alaskan reserve, also known as NPR-A.
Trinidad's Atlantic LNG Shuts Down Train 4 for Maintenance
Trinidad and Tobago's flagship Atlantic LNG plans to shut its 6 million metric ton per annum Train 4 for up to 50 days in May and June for extensive maintenance and repairs, three people with knowledge of the plan told Reuters.Atlantic LNG is majority owned by Shell and BP - each with a 45% stake - while Trinidad's National Gas Company holds 10%.
Officials say that Indonesia will increase the mandatory bioethanol content in gasoline from 5% to 10% by 2028.
Tri Winarno, a senior official in the energy ministry, said that Indonesia will impose a 10% bioethanol content requirement for gasoline by 2028. Indonesia aims to increase the use of biofuels produced from palm oil or sugar cane in order to reduce imports, and to become more energy independent. Despite the ethanol shortage, it has decided to delay its plans to increase the bioethanol content in gasoline.
Borouge will be listed in Vienna by 2027, according to Austria's OMV.
Austrian oil and gas and chemicals group OMV beat market expectations on net income Wednesday. Its chemicals division was the main driver. Borouge, which recently merged, will be listed in Vienna by 2027. Analysts cited good results in a difficult market environment as the reason for OMV's 3% rise at 1325 GMT. Abu Dhabi National…
Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight stated that his hedge fund could not invest in the United States with President Donald Trump as the risks were too high. However, profits can be made in Europe because there are clearer rules and policies regarding green energy projects. Knight Vinke Asset Management, based in Monaco, sold "the last" of its U.S. investments in August.
German wind energy supply expected to plummet Wednesday
The French baseload contract fell on Tuesday due to the anticipated return of two reactors. However, the German contract is expected to increase because there will be a decrease in wind power. LSEG data shows that the French day-ahead power?contract fell 2.3% to 87 euros ($102.61 per megawatt hour) at 1002 GMT. The German contract was not traded.
Libya plans to increase gas exports to Europe before 2030
Massoud Suleman, Chairman of the National Oil Corporation said that Libya will increase its natural gas production in the next five to ten years to?have a greater supply available to export to Europe before early 2030. Suleman, who spoke at the LNG2026 Conference in Qatar, told the delegates that the country intends to increase…
Libya plans to increase gas exports to Europe before 2030
Massoud Suleman, Chairman of the National Oil Corporation, said that Libya intends to?boost? its natural gas production over the next five to six years in order to increase supply to Europe before early 2030. Suleman, who spoke at the LNG2026 Conference, said that the country plans to increase its gas production up to a maximum of nearly 1 billion cubic feet per day.
Bousso: ROI-Oil is not able to break through the range of its current price because it needs a shock from Iran's supply, but a tough talk.
Even though oil prices rose 15% in January on the back of fears that a new U.S. attack on Iran was imminent, they remain in a narrow range. A well-supplied crude oil market will not allow for much more price increase from either side. It would take a massive action to?have a lasting impact on the global balance of supply and demand. Brent crude futures are at their highest level since July last year.
Union rejects Marathon's Contract Offer
United Steelworkers rejected a comprehensive offer from Marathon Petroleum during talks to create a national model agreement for U.S. workers at refineries and chemical plants, the union said on Wednesday. USW and Marathon, the lead negotiators for energy companies, have a deadline of 12:01 am on Sunday morning to "hammer out" a new contract to the current four-year agreement.