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Egypt claims it has paid $5 billion in arrears to its foreign oil partners
Egypt's Prime Minister Mostafa. Madbouly announced that Egypt had paid $5 billion to foreign oil and gas partners in arrears and hopes to reduce the remaining debt to $1.2 billion by June 2026. He said that the arrears would be $6.1 billion by June 30, 2024. The?government will also pay the monthly invoices of the partners.
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EDP CEO warns EU about lost urgency in energy security and renewables push
The European Union has lost its sense of urgency in addressing energy security. Bureaucracy is still preventing the bloc to reduce costly energy imports and slowing down renewable energy projects. Miguel Stilwell d'Andrade (CEO of one of Europe's biggest renewable power producers)…
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Deep-sea Mining Company seeks international permit in accordance with new Trump rules
The Metals Co became the first deep sea miner on Thursday to apply for Washington's permission?to mine?the international oceanbed, under a new streamlined permit process that was introduced this week. Deep-sea mines have the potential to produce large quantities of minerals for electric vehicles and energy transition.
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Oman signss power contracts worth $2.6 billion with Qatar's Nebras, and Korea Western Power
The Omani state-run news agency reported that Oman's Nama Power & Water Procurement had signed agreements with two consortiums, one led by Qatar's Nebras Energy while the other was headed by Korea Western Power. These agreements were for power generation projects. The agency said…
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Brazil's January soy exports are below expectations, say traders
Some Brazilian traders claim that soybean exports for January will likely miss the?grain importers' association Anec?s forecast, released on Tuesday. Meanwhile,?Anec has said it is re-evaluating its estimate of?3.8 millions metric tons shipments this month. Anec stated that its estimate…
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US cuts or revises nearly $84 Billion in Energy Loans
The Trump administration announced on Thursday that it will be restructuring or eliminating approximately $84 billion worth…
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After E15 deal fails, US Congress creates ethanol taskforce
After a failed attempt to include such legislation into a funding bill this week, Republican U.S. legislators plan to form…
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Musk's Davos debut: US tariffs are a problem for solar power
Elon Musk made his Davos debut at the last minute on Thursday. He criticized U.S. Solar Tariffs, set aggressive Tesla targets…
Latest news
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Source: Kimmeridge will nominate Scott Sheffield to Coterra Energy Board
Sources familiar with the matter say that investment firm Kimmeridge plans to nominate Scott Sheffield, former CEO of Pioneer Natural Resources?
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Documents show that Venezuela's proposed oil-reform will give companies operating autonomy and cash proceeds to companies.
Drafts of a proposed overhaul of Venezuela's hydrocarbons laws showed that foreign and local companies could operate oilfields…
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Venture Global soars following arbitration victory in case brought by Spain’s Repsol
Venture Global shares soared by nearly 8% after an arbitral tribunal ruled in the U.S. supplier of liquefied gas,?in a dispute between Spain's Repsol.
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Kinder Morgan beats quarterly profit estimates on strong natgas demand
Kinder Morgan, which is a subsidiary of Kinder Morgan Inc., beat Wall Street's expectations on Wednesday for its fourth-quarter profits.
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Halliburton says it could move quickly to Venezuela if it meets its quarterly profit expectations
Halliburton exceeded analysts' expectations for fourth-quarter profits on Wednesday. This was due to the steady demand of…
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Trafigura CEO: Clean fuels need subsidies and mandates in order to survive on the free market.
Richard Holtum, chief executive of global commodity trading house Trafigura, said that clean or low-carbon fuels need mandates…
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Heidelberg Materials CEO at Davos: Defence and infrastructure will drive construction in 2026.
Dominik Von Achten, the Chief Executive of Heidelberg Materials, said that he expects to see a slight improvement in the…
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Sources say that during Starmer's visit, Britain and China will revive the 'Golden Era business dialogue'
Three sources familiar with this initiative have confirmed that the British and Chinese governments will be aiming to revive…
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Palm prices rise more than 1% on demand for the festive season
Malaysian palm futures rose by more than 1% on Wednesday to a seven week?high, as the market grew in anticipation of a stronger…
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In Indonesia, environmental laws result in the loss of permits for a gold mine and a power plant owned by China.
The Indonesian government revoked permits for 28 companies, including a China-backed hydropower station and a gold mining…
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In Indonesia, environmental laws result in the loss of permits for a gold mine and a power plant owned by China.
The Jakarta government revoked permits for 28 companies on Tuesday. They were accused of environmental violations that worsened…
Shale Oil & Gas
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Trafigura CEO: Clean fuels need subsidies and mandates in order to survive on the free market.
Richard Holtum, chief executive of global commodity trading house Trafigura, said that clean or low-carbon fuels need mandates…
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Sources say that during Starmer's visit, Britain and China will revive the 'Golden Era business dialogue'
Three sources familiar with this initiative have confirmed that the British and Chinese governments will be aiming to revive…
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EUROPE GAS - Prices trade down but geopolitical and storage concerns remain
The Dutch and British wholesale gas price were not much different on Wednesday morning, but the market will likely remain…
LNG
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US Natural Gas Futures Rise as Forecasts Predict Colder Weather
U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak…
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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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Heidelberg Materials CEO at Davos: Defence and infrastructure will drive construction in 2026.
Dominik Von Achten, the Chief Executive of Heidelberg Materials, said that he expects to see a slight improvement in the…
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Palm prices rise more than 1% on demand for the festive season
Malaysian palm futures rose by more than 1% on Wednesday to a seven week?high, as the market grew in anticipation of a stronger…
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In Indonesia, environmental laws result in the loss of permits for a gold mine and a power plant owned by China.
The Indonesian government revoked permits for 28 companies, including a China-backed hydropower station and a gold mining…