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Breaking News:

OPEC Lifts Production in February

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Texas Bitcoin Miners File Lawsuit Against Government Over Energy Data Collection

Texas Bitcoin Miners File Lawsuit Against Government Over Energy Data Collection

Feb 26, 2024 at 02:12 | Charles Kennedy

Bitcoin miners in Texas have filed a lawsuit accusing the Department of Energy of trying to collect data illegally after the department asked that they disclose their electricity consumption. The…

Argentina Oil Provinces Rebel Against Milei’s Austerity Plan

Argentina Oil Provinces Rebel Against Milei’s Austerity Plan

Feb 26, 2024 at 01:55 | Charles Kennedy

Argentina’s oil-producing provinces have threatened to cut off oil supply to the rest of the country if the government of Javier Milei goes through with plans to withhold billions in…

Exxon Mulls Sale of Vaca Muerta Shale Assets

Exxon Mulls Sale of Vaca Muerta Shale Assets

Feb 25, 2024 at 10:47 | Julianne Geiger

ExxonMobil is considering a sale of its Vaca Muerta shale assets in Patagonia and has received several offers of holding already, anonymous Bloomberg sources revealed on Friday. The U.S. oil…

Native American Tribes Given Power To Halt Hydropower Projects  

Native American Tribes Given Power To Halt Hydropower Projects  

Feb 23, 2024 at 10:17 | Charles Kennedy

The Federal Energy Regulatory Commission (FERC) has granted Native American tribes more power to block hydropower projects on their lands if they oppose the plans.   FERC has previously applied…

Iraq Reopens Refinery after a Decade-Long Shutdown

Iraq Reopens Refinery after a Decade-Long Shutdown

Feb 23, 2024 at 09:47 | Charles Kennedy

Iraq reopened on Friday its rehabilitated North Oil Refinery in Baiji, which had been inactive for more than 10 years and which brings OPEC’s second-largest crude producer closer to being…

Loophole Allowed Russia to Earn $1.2 Billion From Fuel Sales to the EU

Loophole Allowed Russia to Earn $1.2 Billion From Fuel Sales to the EU

Feb 23, 2024 at 09:10 | Charles Kennedy

An EU sanctions loophole that allows imports of Russian crude if it’s refined elsewhere made Russia an estimated $1.2 billion (1.1 billion euros) from sales of fuels in the European…

France Misses Its Renewables Capacity Installation Target

France Misses Its Renewables Capacity Installation Target

Feb 23, 2024 at 07:17 | Tsvetana Paraskova

France missed its target of adding new solar and wind power capacity last year, despite adding more than 5 gigawatts (GW) to its renewable energy fleet, according to data from…

Qatar Teases Significant Oil and Gas Industry Announcement on Sunday

Qatar Teases Significant Oil and Gas Industry Announcement on Sunday

Feb 23, 2024 at 06:46 | Tsvetana Paraskova

QatarEnergy, the state company of one of the world’s biggest LNG exporters, will make on Sunday a very important announcement that will be of importance to the industry, Reuters 

Shell Earned $2.4 Billion From LNG Trading in Q4

Shell Earned $2.4 Billion From LNG Trading in Q4

Feb 23, 2024 at 06:12 | Tsvetana Paraskova

Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of…

Elliott Prepares Over $1 Billion to Invest in Metals Mining Assets

Elliott Prepares Over $1 Billion to Invest in Metals Mining Assets

Feb 23, 2024 at 04:43 | Tsvetana Paraskova

Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take…

FERC to Decide on Venture Global Building Permit Extension by April

FERC to Decide on Venture Global Building Permit Extension by April

Feb 23, 2024 at 03:11 | Charles Kennedy

The Federal Energy Regulatory Commission will try to be quick in deciding whether to extend Venture Global’s permit to continue construction work on its already operating Calcasieu Pass LNG export…

Woodside to Sell $1.4 Billion Stake in LNG Project to Japan Power Giant

Woodside to Sell $1.4 Billion Stake in LNG Project to Japan Power Giant

Feb 23, 2024 at 02:03 | Charles Kennedy

Australia’s Woodside has struck a deal to sell a 15.1% stake in the Scarborough LNG project to JERA—the biggest power utility in Japan. The deal is valued at $1.4 billion…

Oil Prices Set for a Weekly Decline as Fed Signals Caution Over Rate Cuts

Oil Prices Set for a Weekly Decline as Fed Signals Caution Over Rate Cuts

Feb 23, 2024 at 01:16 | Irina Slav

Crude oil prices look set to end the week with a modest loss after two Federal Reserve governors on Thursday said there will be no rush with rate cuts. The…

Shell Backs Out Of Yet Another Floating Offshore Wind Project

Shell Backs Out Of Yet Another Floating Offshore Wind Project

Feb 22, 2024 at 15:23 | Julianne Geiger

Shell will exit another floating offshore wind project, the company said on Thursday—adding another to the long list of departures from the offshore wind segment. Shell will sell its 80%…

Nigeria Beats Economic Growth Estimates as Oil Exits Contraction 

Nigeria Beats Economic Growth Estimates as Oil Exits Contraction 

Feb 22, 2024 at 13:19 | Charles Kennedy

Nigeria’s economy grew 2.54% quarter-on-quarter, ending 2023 with a 3.46% expansion in gross domestic product as the oil sector ended three years straight of contraction, according to the country’s National…

Land Availability Forced India To Scale Back Solar Power Installations

Land Availability Forced India To Scale Back Solar Power Installations

Feb 22, 2024 at 12:42 | Julianne Geiger

India's solar installations fell dramatically last year as the country ran into difficulties acquiring the large swaths of land needed, a new research report said on Thursday. Research firm 

China Seeks Cheap Spot LNG Supply as Prices Dip to Three-Year Low

China Seeks Cheap Spot LNG Supply as Prices Dip to Three-Year Low

Feb 22, 2024 at 11:34 | Charles Kennedy

Chinese LNG importers are on the lookout for cheaper supply of liquefied natural gas on the spot market as prices in North Asia have halved from October levels and slid…

Chord Energy and Enerplus Agree to $11 Billion Merger

Chord Energy and Enerplus Agree to $11 Billion Merger

Feb 22, 2024 at 09:18 | Charles Kennedy

In the latest U.S. oil and gas merger, Chord Energy and Enerplus have agreed to combine in an approximately $11 billion stock and cash transaction, which will create a…

UK Quits Treaty Allowing Oil Firms to Sue Governments Over Climate Policy

UK Quits Treaty Allowing Oil Firms to Sue Governments Over Climate Policy

Feb 22, 2024 at 08:20 | Charles Kennedy

The UK will leave the Energy Charter Treaty (ECT), a 1994 pact that allows oil and gas companies to sue governments over their climate policies for compensation for lost profits.…

Colombia May Struggle to Import Venezuelan Natural Gas in 2024

Colombia May Struggle to Import Venezuelan Natural Gas in 2024

Feb 22, 2024 at 07:37 | Tsvetana Paraskova

Colombia’s plan to start importing natural gas from Venezuela this year may not materialize because of a decayed idle pipeline in dire need of repairs, an industry official told 

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