Latest news

Asia / Pacific
Jun 14, 2024

Russia validates deal to purchase part of diamond producer Alrosa's output

Russia will regularly purchase diamonds from sanctions-hit manufacturer Alrosa through a state fund, the finance ministry stated on Thursday, a relocation that recommends Western limitations on Russia's...

Europe
Jun 14, 2024

Dutch federal government receives several bids in 4GW offshore wind tender

The Dutch federal government on Thursday said it had actually received numerous quotes in a tender to build an overseas wind farm in the Dutch part of...

Europe
Jun 14, 2024

French court dismisses TotalEnergies suit against Greenpeace France

A Paris judicial court on Thursday dismissed a TotalEnergies claim versus Greenpeace France over accusations that the oil giant underreported its 2019 greenhouse gas emissions, a court...

East Africa
Jun 14, 2024

Kenya and Uganda solve oil import row, Uganda states

Kenya will enable landlocked Uganda's state oil firm to import petroleum items through its port of Mombasa, Uganda's energy ministry validated on Thursday, to end a row...

Asia / Pacific
Jun 14, 2024

India's infrastructure output increases at a 3-month high in Feb.

India's infrastructure output was up 6.7% yearonyear in February, its fastest speed in three months, assisted by strong development in sectors such as coal, cement and natural...

Asia / Pacific
Jun 14, 2024

Freeport cautions copper export ban might cost Indonesia $2 bln in lost revenue

Copper miner Freeport Indonesia has actually warned the Indonesian federal government that prohibiting exports of copper concentrate in June might lead to a loss of $2. billion...

Ukraine
Jun 14, 2024

Kremlin states Russia dealing with partners after report on payment hold-ups for oil

Kremlin spokesperson Dmitry Peskov stated on Thursday that Russia was dealing with partners amidst unmatched pressure from the U.S. and European Union after reported Moscow was experiencing...

United States
Jun 14, 2024

EDF Renewables to replace CEO and evaluate abroad teams

French stateowned utility EDF strategies to ask Beatrice Buffon to replace Bruno Bensasson as president of EDF Renewables next month, the company said on Thursday. EDF will...

Europe
Jun 14, 2024

Britain's EnQuest trims loss and announces $15 mln share buyback

British North Seafocused oil manufacturer EnQuest narrowed its annual loss to $30.8. million last year, down from a $41.2 million loss in 2022, it. said on Thursday....

Asia / Pacific
Jun 14, 2024

Dalian iron ore falls for third straight day on China need issues

Iron ore futures were blended on Thursday, with China's Dalian contract succumbing to a 3rd successive day, injured by a slow start to China's building and construction...

North America
Jun 14, 2024

US to purchase oil for SPR oil at above $79 target cost in newest round

The Biden administration on Wednesday granted contracts to purchase 2.8 million barrels of oil for the government's emergency situation reserve for more than $81 a barrel, $2...

United States
Jun 14, 2024

Refiner Citgo set to open data space for bidders connected to court auction

Citgo Petroleum , the Venezuelaowned oil refiner, is set to open a. data room in coming days to supply operational and monetary. information to bidders under a...

France
Jun 14, 2024

Macron and Lula launch submarine built in Brazil with French tech

The presidents of France and Brazil on Wednesday released a submarine built in the South American country with French technology in a program that objectives to develop...

United States
Jun 14, 2024

Holtec gets $1.52 billion US loan to reboot nuclear plant

The U.S. Department of Energy (DOE). stated on Wednesday it would lend Holtec International $1.52. billion to assist restart an 800MW nuclear reactor in. Michigan that was...

North America
Jun 14, 2024

United States crude, fuel stocks rise on strong unrefined imports, weak fuel need

U.S. crude oil and gasoline stocks increased all of a sudden last week driven by an increase in crude imports and sluggish fuel need, the Energy Details...

Renewable Energy Equipment
Jun 14, 2024

Germany charges 5 with assisting prohibited turbine sales to Crimea

District attorneys in Hamburg charged four Germans and one SwissFrench person with breaching sanctions by helping export Siemens gas turbines to Crimea, the Ukrainian peninsula annexed by...

North America
Jun 14, 2024

Phillips 66 checks out sale of pipeline stake worth over $1 billion, sources say

U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1....

Asia / Pacific
Jun 14, 2024

Osaka Gas sees little impact from Freeport LNG's partial shutdown

Japan's Osaka Gas expects to see little influence on its balance of supply and demand for melted gas (LNG) from a partial shutdown of U.S. Freeport LNG's...

Italy
Jun 14, 2024

GRAPHIC-Big Oil's climate planning not good enough, investor group states

The current lowcarbon shift plans of 10 of Europe's and North America's biggest noted oil and gas companies are unsatisfactory to assess the risks included, the world's...

Asia / Pacific
Jun 14, 2024

China coal market group states output at accident-hit mining centers back to normal

Coal mining output at accidenthit mining districts of Shaanxi and Inner Mongolia in China's north have gone back to normal, a major coal market group said on...

China
Jun 14, 2024

Iron ore slides to over one-week low on sticking around China need concerns

Iron ore futures prices extended losses on Wednesday to their least expensive levels in more than one week, pressed by relentless issues about need in top customer...

North America
Jun 14, 2024

Baltimore bridge collapse halts coal shipments

Coal exports from the hectic U.S. port of Baltimore have been interfered with following the collapse of a bridge that was struck by a massive freight ship...

Nordic States
Jun 14, 2024

US authorizes Orsted's Sunrise Wind overseas wind farm to power New York homes

The Biden administration on Tuesday gave final approval to Orsted and Eversource's. Sunrise Wind offshore wind center, which is expected to. supply power to more than 320,000...

North America
Jun 14, 2024

Consol Energy states vessel access to Port of Baltimore postponed after bridge collapse

Coal producer Consol Energy stated on Tuesday that vessel gain access to in and out of its marine terminal has been delayed after a bridge collapsed in...

Carbon Emissions
Jun 14, 2024

Stellantis indications deals to cut a minimum of 2,500 tasks in Italy

Stellantis has reached voluntary deals to cut a minimum of 2,500 tasks in Italy, labour unions stated on Tuesday, as the carmaker tries to adjust to modifications...

Switzerland
Jun 14, 2024

Energy trader Vitol's 2023 profits falls more than 20%.

International energy trader Vitol stated on Tuesday its 2023 revenue fell to $400. billion, a drop of more than 20% from a year previously. Vitol, the world's...

North America
Jun 14, 2024

Enbridge to form natural gas supply venture connecting Permian and Gulf coast

Canadian pipeline operator Enbridge said on Tuesday it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian materials to...

Asia / Pacific
Jun 14, 2024

Gazprom's unit purchases previous Shell stake in Sakhalin Energy for $1 bln

Kremlincontrolled energy huge Gazprom has actually acquired a 27.5% stake, formerly owned by Shell, in Russian liquefied natural gas (LNG). manufacturer Sakhalin Energy for around $1 billion,...

Fossil Fuels
Jun 14, 2024

China to speed up 'new efficient forces', vice president states

China will speed up the advancement of new efficient forces and reinforce stability and security for the global economy, Vice President Han Zheng informed an investment online...

China
Jun 14, 2024

Iron ore slips on slower than anticipated China need healing

Iron ore futures rates fell on Tuesday, in the middle of installing riskoff belief as principles of the essential steelmaking component remained unfavourable and as downstream steel...

Oil & Gas
Jun 14, 2024

Aramco and NextDecade Shake Hands LNG Offtake from Rio Grande LNG Facility

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural...

Oil & Gas
Jun 14, 2024

Equinor Hires Havila’s Three PSVs

Norwegian offshore support vessel owner Havila Shipping has secured contracts with Equinor for three of its platform supply vessels (PSVs).Contracts with Equinor are the PSV vessels Havila...

South Korea
Jun 14, 2024

Exxon cautions Australia faces sharp drop in gas supply, requires policy stability

Exxon Mobil Corp on Tuesday provided a dire caution about the outlook of Australia's. domestic gas supply, joining other gas producers in calling for. policy stability and...

United Kingdom
Jun 14, 2024

Britain's energy regulator seeks views on cost cap future

British energy regulator Ofgem has started talks on the future of cost caps, it stated on Monday, including it was thinking about how energy guideline as an...

China
Jun 14, 2024

PetroChina's 2023 net income up 8.3% on strong fuel, gas sales

PetroChina's. net profit rose 8.3% last year off record. levels in 2022, as strong development in gas sales and its. marketing sector offset lower realised oil prices....

Asia / Pacific
Jun 13, 2024

Iron ore edges greater on hopes of China's need recovery

Iron ore futures edged higher on Monday, supported by hopes of further healing in demand in leading consumer China and Beijing's pledge to support its having a...

Europe
Jun 13, 2024

EU to supply $178 mln for Tunisian security forces to suppress migration, feet reports

The European Union prepares to provide approximately 164.5 million euros ($ 177.74 million) over 3 years to Tunisian security forces, the Financial Times reported on Sunday. Brussels...

Asia / Pacific
Jun 13, 2024

Sinopec's 2023 net income falls 9.9% in 'complex environment'

China Petroleum & & Chemical Corp. , called Sinopec, reported a 9.9% decrease. in 2023 net earnings on Sunday, weighed by falling oil and gas. prices however...

Germany
Jun 13, 2024

German wind power sector invites federal government overseas terminal financing

The German Offshore Wind Energy Structure said the federal government's decision to help fund the growth of an overseas terminal is essential to accomplish expansion objectives for...

North America
Jun 13, 2024

US revises tax credit rule to help offshore wind tasks

The Biden administration on Friday launched brand-new rules that will make it simpler for overseas wind designers to declare a subsidy for centers prepared in locations that...

East European Countries
Jun 13, 2024

Russian government says fuel cargos to take top priority on railways

The Russian energy ministry said on Friday that the transportation of fuel would take concern on railways as the government attempts to minimize shortages and keep a...

United States
Jun 13, 2024

Ukraine states Russian oil refineries are legitimate targets

A Ukrainian deputy prime minister said on Friday Russian oil refineries were legitimate targets for its forces, after a media report stated the United States, a close...

Asia / Pacific
Jun 13, 2024

Ukraine says power line to Zaporizhzhia nuclear plant fixed after blackout threat

Ukrainian engineers have repaired a highvoltage power line supplying the Russianoccupied Zaporizhzhia nuclear power plant, Ukraine's nuclear power business Energoatom stated on Friday, after it said previously...

Asia / Pacific
Jun 13, 2024

Tokyo Gas to turn to more e-methane, hydrogen and wind power

Tokyo Gas stated on Friday it aims to achieve 50% carbon neutrality in regional gas and power operations by 2040 by using new fuels such as emethane...

China
Jun 13, 2024

China CNOOC's 2023 revenue falls 12.6% after record 2022

Chinese energy company CNOOC Ltd. posted a fall of 12.6% in 2023 earnings. after a record high a year previously, as hydrocarbon rates fell,. although a focus...

Nordic States
Jun 13, 2024

Denmark's Tyra gas field begins production, TotalEnergies says

TotalEnergies has rebooted production at Denmark's Tyra gas field, the country's largest, after it was momentarily closed for redevelopment in 2019, the French oil group stated on...

China
Jun 13, 2024

Iron ore set for weekly gain on potential customers of enhancing China need

Iron ore futures were blended on Friday, however set for a weekly gain on installing anticipation of a choice up in demand in top customer China amidst...

United States
Jun 13, 2024

Ecopetrol's Reficar wins court judgment in long-running disagreement with McDermott

Colombia's Ecopetrol said on Thursday its Reficar oil refinery was awarded 19.9% of the common capital in U.S. infrastructure company McDermott in preferential shares by a judge...

United Kingdom
Jun 13, 2024

CERAWEEK-Exxon ahead of schedule on doubling LNG portfolio, exec says

Exxon Mobil is ahead of schedule with its plan to double the size of its melted natural gas (LNG) portfolio to 40 million heaps per annum (mtpa)...

United States
Jun 13, 2024

Challenges to SEC's climate rules sent to conservative-leaning US appeals court

A U.S. judicial panel on Thursday combined a minimum of 9 lawsuits challenging the U.S. Securities and Exchange Commission's brand-new rules requiring public companies to report climaterelated...