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Thursday, 27 February 2025
Europe should consider replacing growing volumes of LNG imports with supplies from other sources, including Qatar, Fatih Birol, the International Energy Agency’s (IEA) Executive Director said at London’s International Energy Week conference on Tuesday.
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Thursday, 27 February 2025
Major LNGC owner and operator Cool Company (CoolCo) generated total operating revenues of $84.6 mill in the fourth quarter of last year, compared to $82.4 mill for the previous quarter.
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Thursday, 27 February 2025
Free ReadIn an about turn, UK energy major, bp severely reduced its planned investment in renewable energy and said it would increase annual oil and gas spending to $10 bill. This was a major strategy shift thought to be aimed at boosting earnings and investor confidence. bp, which has underperformed other…
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Wednesday, 26 February 2025
LNG global demand is to rise by about 60% by 2040. This increase will be primarily driven by Asia’s economic growth, industry and transport de-carbonisation, and the impact of artificial intelligence, UK energy major Shell’s ‘LNG Outlook 2025’ predicted.
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Wednesday, 26 February 2025
Front-month gas futures for March delivery on the New York Mercantile Exchange (NYMEX) rose 4.8 cents, or 1.2%, to $4.042 per MMBtu yesterday. The small price increase came despite near record output so far this month and forecasts for milder weather and lower heating demand this week than previously expected,…
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Wednesday, 26 February 2025
Free ReadTrinidad and Tobago is to ask US President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Co (NGC) to develop a key gas project in Venezuela, according to sources talking with Reuters. A US license was first granted in early 2023 as an exemption to…
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Wednesday, 26 February 2025
Norway is to provide finance to Ukraine to purchase its natural gas, the country’s state-owned gas supplier, Naftogaz said yesterday. This comes against a backdrop of a rise in Ukrainian imports, as the war with Russia badly hits the country's energy system.
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Tuesday, 25 February 2025
Kosmos Energy has halved its forecast 2025 capex budget to $400 million after posting a $7 million net loss in the fourth quarter. The independent oil and gas producer now prioritises on generating free cash flow, notably from the Greater Tortue Ahmeyim (GTA) project where a first LNG cargo is…
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Tuesday, 25 February 2025
Nigerian National Petroleum Corp (NNPC) Shipping, Stena Bulk, and Caverton Marine have signed a joint venture agreement that aims to transform Nigeria’s maritime transport. This agreement, signed in London last week, will create a new tanker operation serving Nigeria and West Africa's regional and international crude oil, refined products and…
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Tuesday, 25 February 2025
Leading MENA investment bank, EFG Hermes’, an EFG Holding Company, investment banking division has completed a marketed offering of ADNOC Gas shares on behalf of Abu Dhabi National Oil Co (ADNOC). The transaction, which involved the sale of around 3.1 bill shares representing a 4% stake in ADNOC Gas and…
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