Industry News

Aramco is set to supply the lowest amount of oil to China in several months, even as OPEC+ gears up to boost output.

STEP Energy Services reported $1.76 million in net income for 2024, well below the $50.41 million reported for 2023.

Shell Plc said it delivered record volumes of liquefied natural gas to power ships last year.

A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.

'At 435.2 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the EIA said.

Net Power started post-FEED optimization and value engineering exercises to deliver a financeable commercial product launch.

Results were negatively affected by the sale of AQN's 42.2 percent stake in Atlantica Sustainable Infrastructure.

Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation's economy.

The investment 'comes at a time when U.S. energy demand is surging due to manufacturing and data center growth', Avangrid said.

'Of the 35 trading days since President Trump's inauguration, Brent has settled lower on 20 and has recorded a lower intra-high on 25 days', analysts at Standard Chartered Bank said.

'The increased authorization reflects the Company's confidence in its strategy, business plan and prospects'.

The acquisition strengthens Prospera's base production and 'provides numerous high-impact reactivation opportunities'.

Ofgem awarded the operating rights for the Flexibility Market Asset Registration system to Elexon and said it expects the system to be operational in 2027.

'An estimated 500,000 items, equating to 100,000 tons of UXO, lie on the seabed surrounding Great Britain alone', UK-based Venterra Group plc said.

RWE signed an agreement to supply an annual volume of 30,000 metric tons of renewable hydrogen for 15 years to help decarbonize TotalEnergies's Leuna refinery in the German state of Saxony-Anhalt.

China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.

During an all-Canadian energy panel at the CERAWeek by S&P Global event in Houston, speakers veered between venting frustration and anger at the tariffs and urging fellow Canadians to seek new, alternative trading partners to the US.

Oil prices climbed as US demand showed resilience, with gasoline consumption reaching its highest level since November.

'Winter is far from over', said AccuWeather Lead Long-Range Expert Paul Pastelok.

The agreement entitles ExxonMobil's LNG marketing arm for Asia-Pacific to about 1.5 million MMtpa.