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How to Capitalize on the Coming Surge in Bitcoin

How to Capitalize on the Coming Surge in Bitcoin

The Bitcoin halving in April…

The Panama Canal is Key to American LNG

The Panama Canal is Key to American LNG

The Panama Canal is currently…

News

UK's Largest Water Supplier Raises £750M In Race To Avoid Collapse

UK's Largest Water Supplier Raises £750M In Race To Avoid Collapse

Jul 10, 2023 at 08:42 | City A.M

Debt-laden Thames Water has secured an extra £750m of equity funding from shareholders, as the firm races to avoid nationalisation. The UK’s largest water supplier –…

Norway Makes Biggest Hydrocarbon Discovery In 10 Years

Norway Makes Biggest Hydrocarbon Discovery In 10 Years

Jul 10, 2023 at 08:38 | Alex Kimani

Norwegian oil and gas operator, DNO ASA, has made a  significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea. Preliminary evaluation of comprehensive data…

Labor Shortages Could Hinder The U.S. LNG Boom

Labor Shortages Could Hinder The U.S. LNG Boom

Jul 10, 2023 at 07:43 | Charles Kennedy

Hiring and keeping construction workers and operators for the next wave of U.S. LNG export facilities could be a challenge and raise the costs of the projects, Paul…

Renault Says A ‘Chinese Storm’ Is Coming For Europe’s EV Industry

Renault Says A ‘Chinese Storm’ Is Coming For Europe’s EV Industry

Jul 10, 2023 at 07:08 | Tsvetana Paraskova

Europe’s electric vehicle industry faces pressure from imports of vehicles from China, which dominates the supply chain for raw materials for batteries, Jean-Dominique Senard, chairman of France’s automaker Renault, told…

TotalEnergies Begins Production At Giant Gas Field In Azerbaijan

TotalEnergies Begins Production At Giant Gas Field In Azerbaijan

Jul 10, 2023 at 05:13 | Tsvetana Paraskova

TotalEnergies and its joint venture partner SOCAR began natural gas production from the Absheron gas and condensate field in the Caspian Sea in Azerbaijan, the French supermajor

Argentina Launches Gas Pipeline From Vaca Muerta Shale Play

Argentina Launches Gas Pipeline From Vaca Muerta Shale Play

Jul 10, 2023 at 04:26 | Tsvetana Paraskova

Argentina inaugurated on Sunday a natural gas pipeline from the Vaca Muerta shale to a town in the Buenos Aires province, as part of its…

Saudi Arabia And Kuwait Claim Exclusive Ownership Of Contested Gas Field

Saudi Arabia And Kuwait Claim Exclusive Ownership Of Contested Gas Field

Jul 10, 2023 at 02:02 | Irina Slav

Saudi Arabia and Kuwait have exclusive shared ownership of an offshore gas field that Iran has ambitions for, the Kuwaiti oil minister has said after Iran signaled it…

Platform Fire Forces Pemex To Shut In 700,000 Barrels Of Oil

Platform Fire Forces Pemex To Shut In 700,000 Barrels Of Oil

Jul 10, 2023 at 01:03 | Charles Kennedy

Fire on an offshore platform operated by Mexico’s Pemex has led to the shut-in of 700,000 barrels of oil, Reuters has reported, citing the chief…

Venezuela Looks To Pay Down $20 Billion In U.S. Debt With Oil Exports

Venezuela Looks To Pay Down $20 Billion In U.S. Debt With Oil Exports

Jul 07, 2023 at 16:59 | Julianne Geiger

The opposition party in Venezuela is working up a proposal that would see 200,000 barrels of crude oil per day exported to a trustee, who would then pay…

Russia To Slash Oil Output By Another 500,000 Bpd

Russia To Slash Oil Output By Another 500,000 Bpd

Jul 07, 2023 at 16:55 | Julianne Geiger

Russia will reduce the amount of oil it ships to the market by half a million barrels per day, the Russian energy ministry said on Friday—this is in…

Nigeria Looks To Boost Oil Production To 1.7 Million Bpd By Year-End

Nigeria Looks To Boost Oil Production To 1.7 Million Bpd By Year-End

Jul 07, 2023 at 10:35 | Michael Kern

Nigeria, OPEC’s largest producer in Africa, aims to significantly increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, hoping to win a higher…

Mysterious Cluster Of Saudi Oil Tankers Off Egypt Raises Storage Concerns

Mysterious Cluster Of Saudi Oil Tankers Off Egypt Raises Storage Concerns

Jul 07, 2023 at 09:05 | Michael Kern

The number of Saudi supertankers carrying oil and sitting offshore Egypt increased again on Friday, according to vessel tracking data monitored by Bloomberg, after signs emerged earlier this…

Philippines Sounds Alarm Over Surge In Chinese Boats In Contested Waters

Philippines Sounds Alarm Over Surge In Chinese Boats In Contested Waters

Jul 07, 2023 at 08:52 | Charles Kennedy

The Philippines armed forces said on Friday the military had seen in recent weeks an “alarming” surge in the number of fishing boats from China in disputed…

Commerzbank Lowers Brent Oil Price Outlook To $85 At Year-End

Commerzbank Lowers Brent Oil Price Outlook To $85 At Year-End

Jul 07, 2023 at 07:56 | Tsvetana Paraskova

Commerzbank has cut its oil price forecasts for this year and next to reflect a persistent “battered” sentiment on the market, due to economic growth concerns despite the…

Shell Expects ‘Significantly Lower’ Earnings From Gas Trading

Shell Expects ‘Significantly Lower’ Earnings From Gas Trading

Jul 07, 2023 at 05:26 | Tsvetana Paraskova

Shell expects its gas trading business to have been significantly lower in the second quarter, compared to a strong first quarter, due to seasonality and fewer optimization opportunities,…

European Parliament Reaches Broad Deal On Power Market Reform

European Parliament Reaches Broad Deal On Power Market Reform

Jul 07, 2023 at 03:48 | Tsvetana Paraskova

The European Parliament has reached a broad agreement on the proposed electricity market reform, designed to prevent a repeat of last year’s energy crisis.    “We have a…

Saudi Arabia’s Latest Oil Price Hike Has Sapped Buyer Appetite

Saudi Arabia’s Latest Oil Price Hike Has Sapped Buyer Appetite

Jul 07, 2023 at 03:10 | Charles Kennedy

At least four buyers of Saudi crude oil from Asia and Europe have changed their plans for future orders after the kingdom announced its latest price hike, Bloomberg…

EU Moves Closer To Exiting Energy Investment Pact

EU Moves Closer To Exiting Energy Investment Pact

Jul 07, 2023 at 01:54 | Irina Slav

The European Union is going ahead with plans to leave the Energy Charter Treaty, which climate activists have slammed as playing for the hydrocarbons team. The Financial Times…

Libya’s Oil Revenues Sink To $6.95 Billion In H1 2023

Libya’s Oil Revenues Sink To $6.95 Billion In H1 2023

Jul 06, 2023 at 13:46 | Julianne Geiger

Libya’s revenues from crude oil in the first half of the year fell to $6.95 billion (33.4 billion Libyan dinars)—down from 37.3 billion dinars in H1 2022, according to a…

EU Could Use Newly Launched Gas Cartel To Purchase Hydrogen

EU Could Use Newly Launched Gas Cartel To Purchase Hydrogen

Jul 06, 2023 at 10:02 | Alex Kimani

The European Union could use its newly launched gas cartel to purchase vast quantities of hydrogen and other critical materials, Bloomberg has reported. The bloc had set a goal of…

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