Energy.
US-Venezuela pact seeks 1.5 million b/d of oil output: Rodriguez
Venezuelan Interim President Delcy Rodriguez said Aug. 29 that a newly signed binational oil agreement with the US targets production of more than 1.5 million b/d from 17 strategic fields over a 25-year term. Rodriguez, speaking in a televised statement, said the accord would generate more than $100 billion in investment and $209 billion in tax revenue for the Venezuelan state, doubling down on…
Eni investment in Nouveau Monde Graphite completed
Eni announces the closing of the equity investment in Nouveau Monde Graphite Inc. (“NMG”), a Canadian company listed on the Toronto Stock Exchange and the New York Stock Exchange, operating in the…
Oil and LNG turbulence to spur nuclear revival, new uranium squeeze
Despite historical phaseout efforts, nuclear's role in energy security is strengthening, particularly as gas and oil markets once again demonstrate vulnerability to geopolitics and…
Biofuel Bunker Snapshot: B30 prices gain in Rotterdam and Singapore
Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has increased by $28/mt since Monday. Conversely, the port’s conventional VLSFO price has remained steady during the week. Prima Markets’…
Venture Global and Vitol announce new LNG purchase agreement
Venture Global, and Vitol announced the execution of a new, binding agreement for the purchase of approximately 1.5 million tonnes per annum of U.S. liquefied natural gas from Venture Global for…
Valmet’s automation enhances energy production efficiency and electricity market participation at Energie in Austria
Valmet is to deliver an energy balance optimizer digital solution to Energie AG Umwelt Service’s waste treatment facility in Wels, Austria, enabling the company to dynamically balance energy…
TotalEnergies signs agreements with US department of Interior to end its US offshore wind projects in the United States
TotalEnergies has signed settlement agreements with the United States Department of the Interior to relinquish its Carolina Long Bay lease and its New York Bight lease , both awarded in 2022, along…
Zephyr Marine Services signals new era for Namibian Oil Services as Taimi Nangula Itembu Steps into Leadership
Namibia’s rapidly expanding offshore energy sector has gained a critical new enabler with the launch of Zephyr Marine Services Pty Ltd - a locally owned company dedicated to marine asset logistics…
Helix Energy Solutions awarded Multi-Year Contract in the Gulf of America
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded a multi-year contract with a major operator to provide production enhancement and well abandonment services in…
Shell enters into an agreement for employment of MOL group’s CTV off the coast of Brazil
Mitsui O.S.K. Lines, announced that a cargo transfer vessel owned by its wholly owned subsidiary SeaLoading Holding , will be shared by TotalEnergies EP Brasil ., which employs the vessel in its…
EIA expects record U.S. natural gas consumption in 2025
We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In our latest Short-Term Energy Outlook, we expect…
Doosan Enerbility build Dangjin LNG storage tank for 560 Bil Won
Doosan Enerbility announced on Aug. 25 that it has secured a contract worth 560 billion won from Korea Gas for the construction of three liquefied natural gas storage tanks in the second phase of…
Equinor new oil and gas discovery near the Troll field
Equinor and partners have struck oil and gas in the Fram area, nine kilometres north of the Troll field in the North Sea. One exploration well has encountered petroleum in two reservoirs. One of…
Van Oord awarded land reclamation project in Dubai
Van Oord has secured a contract for the land reclamation of Naïa Island Dubai, a new development located just off Jumeirah’s coastline. The project marks another milestone in Van Oord’s…
Norwegian Hydrogen and GreenIron sign strategic agreement to scale fossil-free metal production
In October last year, Norwegian Hydrogen AS and GreenIron H2 AB announced their agreement for delivery of green hydrogen from Norwegian Hydrogen’s production plant in Hellesylt, Norway, to…
US resumes imports of Venezuelan oil under new license to Chevron
Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country’s oil following a new license granted by…
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