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What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after exports and production of super-chilled fuel broke records and generated billions in revenue across the global supply chain. Gas sellers were encouraged by the 25% increase in LNG purchases in Europe. This was an important development…
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Prices of gas in Europe soar due to cold weather and storage concerns
The Dutch and British wholesale contracts for gas rose by over 8% on Friday as the colder weather forecasts have caused traders to close short positions. The benchmark Dutch front month contract at the TTF Hub was up 2.69 euro at 36.50 Euros per Megawatt Hour (MWh), which is $12.43/mmBtu by 1401 GMT.
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Urals Freight Rates to India Rise Due to Bad Weather, War Risks
Freight rates for tankers to ship Urals crude from Russia’s western ports to India have risen this month, as bad weather made fewer vessels available, disrupted loading and unloading and the cost of insuring for war risks increased, industry sources told Reuters on Friday.Drones struck two oil tankers in the Black Sea on Tuesday…
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US considers swapping heavy Venezuelan crude oil for U.S. Medium Crude to fill emergency reserves, sources say
The U.S. Energy Department is exploring the possibility of exchanging heavy Venezuelan crude oil for U.S. Two sources told Reuters on Friday that medium-sour crude oil would be used to replenish the Strategic Petroleum Reserve. The Trump administration wants to ship the Venezuelan crude?to refineries from the Louisiana Offshore Oil?Port.
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Venezuelan oil companies are pushing for rapid reforms to allow them to control oil exports
Sources involved in the talks say that oil executives and lawyers from international oil companies are lobbying for changes to the hydrocarbon laws of OPEC members in order to 'give them the freedom to export the oil produced in Venezuela. Many potential investors want to know how…
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Zelenskiy, the Ukrainian Zelenskiy, orders faster imports for electricity and power equipment
Volodymyr Zelenskiy, the president of Ukraine, said that he has ordered imports to be as fast as possible. This is because…
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Trump purchases $100 million in bonds from Netflix and Warner Bros.
Donald Trump, the president of the United States, purchased around $100 million worth of municipal and corporate bonds between…
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Energy Department: US does not consider using Venezuelan oil to fill strategic reserves as a current option.
Department of Energy, Friday, said that the U.S. Government is not considering the use of Venezuelan oil as part of an exchange with U.S.
Latest news
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JERA Nex BP will buy EnBW’s stake in UK’s Mona offshore Wind project
JERA Nex BP has announced that it will purchase its partner EnBW’s stake in Mona 'offshore wind project. It also signed a…
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said in its closely watched report published on Friday that U.S. firms have…
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Another legal defeat for Trump as US judge allows Dominion to restart offshore wind project
Federal judge cleared Dominion Energy, a U.S. energy company to resume its Virginia offshore project on Friday. This is the…
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Schedule for US Energy Data in Holiday Week
The Martin Luther King Jr. federal holiday, which falls on Monday January 19, will impact the schedule for releasing some…
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Ambani's Reliance missed profit forecast due to higher expenses and oil and gas drag
Mukesh Ambani, the Indian billionaire who owns Reliance Industries, missed its quarterly profit estimates on Friday due to…
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US Judge weighs Dominion's request to restart Virginia offshore Wind Project Stopped by Trump
In a lawsuit filed against the Trump administration, a federal judge will decide on Friday whether to allow Dominion Energy?to…
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German contracts benefit from rising gas and carbon prices
German power contracts for the year ahead traded higher on Friday. They followed gains in carbon permits and gas contracts…
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India's clean-energy industry opposes the revocation due to delays
NEW DELHI (Jan 15) - India’s renewable energy groups objected to a proposed regulatory measure that could strip developers…
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Sources: Devon Energy and Coterra Energy, two US shale producers, are in merger talks.
Three people with knowledge of the matter have confirmed that Devon Energy and Coterra Energy are looking at a possible merger.
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US energy chief: US gets 30% more for Venezuelan oil compared to what Venezuela paid in the past few weeks
Chris Wright, the U.S. Energy secretary, said Thursday that?U.S. The price of?Venezuelan?crude oil is 30% higher than what Venezuela paid before U.S.
Shale Oil & Gas
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Chevron has approved the expansion of Israel’s Leviathan Gas Field
Chevron has made a final decision to invest in expanding production at Israel's Leviathan gas field. The oil major announced…
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What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after the production and exports of super-chilled fuel broke records and generated…
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Sources: Devon Energy and Coterra Energy, two US shale producers, are in merger talks.
Three people with knowledge of the matter have confirmed that Devon Energy and Coterra Energy are looking at a possible merger.
LNG
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Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea…
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US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts…
Renewables
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US Judge weighs Dominion's request to restart Virginia offshore Wind Project Stopped by Trump
In a lawsuit filed against the Trump administration, a federal judge will decide on Friday whether to allow Dominion Energy?to…
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German contracts benefit from rising gas and carbon prices
German power contracts for the year ahead traded higher on Friday. They followed gains in carbon permits and gas contracts…
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Palm prices surge over 2% following US plans to finalise the biofuel quotas
Malaysian palm futures rose more than 2%?Friday and are on course for a second?weekly?gain. This is due to the strength of soybean oil following U.S.