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QatarEnergy to Supply Bangladesh with LNG under 15-Year Deal
Friday, June 02, 2023QatarEnergy will supply Bangladesh 1.8 million mtpa of LNG starting 2026.
USA Steel Major Taps ExxonMobil for Carbon Capture
Friday, June 02, 2023The deal with Nucor raises ExxonMobil's carbon capture commitments involving customers to five million mtpa.
Chevron to Have Wastewater Pipeline for Permian Operation
Friday, June 02, 2023Chevron has commissioned the construction of a pipeline to dispose of wastewater from its extraction activities in the Permian.
USA Grants $46MM for Commercial Fusion Development
Thursday, June 01, 2023The funding will help realize a “pilot-scale demonstration of fusion within a decade”.
Equinor's Leak-Hit Melkoya Plant Switched Off Indefinitely
Thursday, June 01, 2023The suspension could derail a planned expansion.
Equinor Regains $108MM Shares in Buyback's Second Tranche
Thursday, June 01, 2023Equinor bought almost 2.55 million own shares on the Oslo Stock Exchange for an average price of about $27.
API Names New Policy Head
Wednesday, May 31, 2023New API policy chief Dustin Meyer said the world needs the USA to continue delivering oil and natural gas.
Tsakos Posts 28-Fold Rise in Quarterly Profit Year on Year
Wednesday, May 31, 2023The energy carrier reported $177.458 million in quarterly net income driven by strong charter rates.
Junking New Coal Projects Less Costly than Retirement: Think-Tank
Wednesday, May 31, 2023Canceling coal projects in the pipeline presents a less expensive emissions reduction option compared to closing down operational coal plants.
Eni Enters Deal on Powering Maritime Transport with Biofuels
Tuesday, May 30, 2023The deal with RINA seeks to expand Eni's biofuels market in the maritime transport sector.
TotalEnergies Receives 20-Year License Renewal for Nigerian Block
Tuesday, May 30, 2023The license extension follows the settlement of a payment row with partners.
OPEC Backs UAE COP28 Presidency
Tuesday, May 30, 2023The OPEC sees “a COP of action and results”.
ConocoPhillips Preempts TotalEnergies' Sale of Surmont
Monday, May 29, 2023ConocoPhillips is acquiring TotalEnergies' Surmont stake for 100 percent ownership.
Eni Eyes Refueling Partners as Market for Its Biodiesel
Monday, May 29, 2023Eni is campaigning for the use of its first renewables-based diesel among partner fuel transporters.
ROK's Debt Down Over Four Times at $8.3MM
Monday, May 29, 2023ROK paid down $27 million in net debt in the first quarter.
Riled on Nord Stream Probe, Russia Summons European Envoys
Friday, May 26, 2023Russia protested what it said was the refusal of Denmark, Germany and Sweden to let Moscow participate in investigations into the Nord Stream “sabotage".
UK Lowers Energy Ceiling Prices
Friday, May 26, 2023But the energy utility regulator warned many households could still struggle to pay bills.
Household Energy Prices Stagnate in Urban South Africa
Friday, May 26, 2023But the central bank raised its interest rate to a record to hold down stubbornly high overall consumer inflation.
UK Annual Household Energy Inflation Eased April
Thursday, May 25, 2023Household energy costs in the UK eased in the 12 months to April 2023 mainly due to lower gas prices.
LNG Terminals Expansion Needed to Hold Down Prices: IMF
Thursday, May 25, 2023The IMF said stabilizing LNG prices in the long term entails building more terminals to achieve market integration.
Dorian LPG Doubles Annual Profit
Thursday, May 25, 2023The gas carrier reported $172.44 million in net income for the 12 months to March 2023.
USA Extends Wind-Down Window for Companies with Venezuela Assets
Wednesday, May 24, 2023Baker Hughes, Halliburton, Schlumberger and Weatherford have until November 19 to wind down their business in Venezuela.
ExxonMobil Sells Williston Assets
Wednesday, May 24, 2023Chord's acquisition totals $375 million.
TotalEnergies Acquires Biogas Stake
Wednesday, May 24, 2023TotalEnergies bought a 20 percent interest in Ductor.
Shell Raises Australian Gas Purchase
Tuesday, May 23, 2023Shell has raised its gas purchase from Denison Gas Ltd. to 5.503 petajoules a day.
Sinopec Enters Sri Lanka Retail Fuel Market
Tuesday, May 23, 2023Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.
Navigator Posts $18.8MM Quarterly Profit Supported by USA Gas Exports
Tuesday, May 23, 2023Navigator Holdings benefited from sustained momentum in ethylene and LPG shipments from the USA.
Russia Reportedly Delivering Nearly 1.44 Bcf of Gas a Day via Ukraine
Monday, May 22, 2023Russia's gas deliveries to western and central Europe have reportedly been averaging nearly 1.44 Bcf per day.
Nigeria Eyes Over $50B Oil Projects in Five Years
Monday, May 22, 2023Nigeria targets more than $50 billion worth of oil development projects in the next five years.
Petrobras to Appeal License Rejection for Drilling Near Amazon
Monday, May 22, 2023Petrobras said it had received backing from Brazil's Mines and Energy Ministry.
UK Awards First Carbon Storage Licenses
Friday, May 19, 2023The storage sites could hold 10 percent of total UK yearly emissions by 2030.
Startup of Australian Gas Project Delayed Due to Labor Shortage
Friday, May 19, 2023The Waitsia Stage 2 project could not start production in 2023 as targeted.
South Africa Braces for More Frequent Blackouts this Winter
Friday, May 19, 2023South Africa has a “high risk” of increased rotational blackouts during the coming winter.
Biden Govt Plans Carbon Capture Mandate for Power Plants
Friday, May 12, 2023The Biden administration is proposing emission reduction standards for fossil fuel-run electricity stations.
Iraq Asks Turkey to Resume Kurdistan Oil Transport from Saturday
Friday, May 12, 2023Baghdad and the Kurdistan government have agreed on the resumption of oil export via Ceyhan.
Teekay Profit Rises to $169MM on Higher Spot Rates
Friday, May 12, 2023Teekay's January-March result is its highest quarterly earnings when adjusted for non-recurring costs.
Energy Consumer Inflation Up 0.6 Percent in USA Cities
Thursday, May 11, 2023A three percent surge in gasoline prices drove a rebound in energy costs.
Hartshead Closes Sale of 60 Percent Stake in UK Project
Thursday, May 11, 2023The transfer serves to meet costs for the initial phase of development.
Eni Reiterates Emissions Plan after Climate Suit
Thursday, May 11, 2023Eni insisted it was pursuing a “just transition” toward net zero emissions by 2050.
Occidental Logs $1.26B Profit, Will Redeem Berkshire Stake
Wednesday, May 10, 2023Occidental launched a repurchase for Berkshire's preferred stock.
Lawmakers Seek Clarification on Planned USA Pipes Safety Rule
Wednesday, May 10, 2023Republican legislators asked the USA pipeline safety agency to detail any cost-benefit analysis on a planned tougher regulation.
Valero Maintains Quarterly Dividend
Wednesday, May 10, 2023Valero declared $1.02 in regular quarterly cash dividend per common share.
Invictus Strikes Oil, Gas in Zimbabwe
Tuesday, May 09, 2023The finds could pave the way for the first gas production in Zimbabwe.
NextEra Partners to Sell Gas Pipeline Assets in Renewables Shift
Tuesday, May 09, 2023NextEra Energy Partners seeks to capitalize on the transition to clean energy.
Devon Posts $995MM Profit amid Record Oil Output
Tuesday, May 09, 2023Devon's oil production surged to an all-time high 320,000 bpd.
Italy's New LNG Plant Receives Maiden Delivery
Monday, May 08, 2023The delivery paves the way for the startup of a project Eni said can serve about seven percent of domestic demand.
USA Pipeline Agency Proposes Tougher Safeguard Rule
Monday, May 08, 2023The draft regulation aims to strengthen industry measures to curb methane emissions and prevent hazards.
International Seaways Logs $173MM Quarterly Profit
Monday, May 08, 2023International Seaways' shipping revenues nearly tripled year on year.
Canadian Natural's Profit Down YoY, Debt Up
Friday, May 05, 2023Canadian Natural posted $1.33 billion in net income for the first quarter.
ExxonMobil's Uaru Oil Project in Guyana Enters Final Phase
Friday, May 05, 2023A consortium led by ExxonMobil has given the greenlight for final installations.