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No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat
In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance from a leading Scandinavian country…
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OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least…
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Alaska sues Biden Administration over ANWR Leases
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges…
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Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
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…
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NEO Energy and Repsol to Merge UK Oil and Gas Assets
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK…
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OMSI to Oversee Submarine Cable Installations for Belize's Energy Infrastructure
Offshore Marine Subsea International (OMSI), a UK-based leader in subsea services and a subsidiary of Offshore Marine Management…
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Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and…
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OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group…
Latest news
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Albanese, an Australian company, has pledged A$2.3 billion in order to assist homeowners with solar batteries
The Australian Prime Minister Anthony Albanese pledged A$2.3billion ($1.39billion) on Sunday to help homeowners purchase…
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Petrobras has completed the animal care center needed for offshore license
Petrobras, Brazil's state-run oil firm, has finished the work required to get an environmental permit in order to drill offshore.
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US Energy Dept identifies thousands at risk of DOGE reductions, reports AP
A report by the Associated Press on Friday said that the U.S. Energy Department had identified thousands of employees it deemed non-essential.
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Maxeon Solar will establish alternative supply chains in the face of tariff turmoil
Maxeon Solar Technologies, a renewable energy company, announced on Friday that it would create alternative supply and manufacturing…
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Chevron will pay $740 Million to restore Louisiana's coastline, reports AP
The Associated Press reported that Chevron had been ordered to pay $740m to repair damages caused by the oil and gas giant…
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As Trump tariffs cause demand concerns, refining stocks plummet to levels not seen in two years.
Investors were rattled by fears about a slowdown in oil and fuel consumption and a decline in refining margins after President…
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Baker Hughes reports that the US oil rig number has reached its highest level since June.
Baker Hughes, a leading energy services company, said that the U.S. firms cut back on the number oil and gas rigs for the second consecutive week…
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British stocks plunge in worst day for 2020 as US-China Trade War intensifies
Investors avoided risky assets on Friday after China's retaliatory duties against the United States raised fears of a global economic recession.
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Energy think tank says fossil fuels generated less than half the US electricity in first ever month.
According to Ember, an energy think tank, fossil fuels made up less than half of the U.S. electricity mix in March for the first time in history.
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Stocks of tech and bank companies plummet as China's retaliation fuels fears of a wider trade war
U.S. tech giants, banks, and oil majors all fell on Friday, after China responded to Trump's new tariffs by imposing steep duties.
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Italy pays gas incentive for meeting 90% storage target
Gas grid operator Snam announced that Italy will introduce an incentive program at the beginning of this month in order to…
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Prices for EUROPE GAS are at their lowest in 6 months due to retaliatory tariffs from China
The Dutch and British gas price plunged on Friday to the lowest level in more than six months, in line with the sharp drops…
Offshore Oil & Gas
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UK Invests $71M in Scottish Port Expansion for Floating Wind
Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating
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Baker Hughes: US oil & gas rig count at lowest since Dec 2021
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021…
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RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily…
Shale Oil & Gas
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Prices for EUROPE Gas remain at a 1-month low as U.S. Tariffs threaten Demand
Dutch and British gas rates fell on Friday morning, trading at their lowest level since early March. This is due to fears…
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Trump tariffs are set to worsen the woes in the petchems industry
Industry officials and analysts warned that the new U.S. import duties will further reduce demand for global producers of…
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Helge Lound, BP chairman, to resign amid Elliott campaign
BP Chairman Helge Lund plans to step down in "likely 2026", and the process of selecting his successor has begun, BP announced on Friday.
LNG
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Germany builds up LNG import terminals
Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension…
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Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United…
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US NatGas Demand Could Hit Record High
U.S. spot natural gas and power prices soared to multi-year highs in several parts of the country with extreme cold expected…
Renewables
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Front-year contracts are under pressure from falling gas and carbon prices
German and French power contracts for the year ahead traded lower on Monday as a result of losses in gas and carbon permits.
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Africa's top climate negotiator insists on 'no backwards' in commitments
According to the chair of Africa's group of negotiators, given the threat of global warming and progress made so far, there…
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French court halts onshore wind project
Court documents revealed on Friday that a project to build an onshore windfarm in the north-east of France had its licenses…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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VLCC Rates Spike as US Sanctions Bite
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book…
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USDoI: ANWR Drilling Auction Yields no Bids
The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska's…
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Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues…
