Industry News

The Spanish utility completed a transaction selling its Hungarian business for around $202 million to a consortium of iG TECH Capital and Premier Energy as part of its strategy to refocus investment on more stable markets.

Major buyers including Gail India and Bharat Petroleum have been pushing for lower prices and more flexible long-term contracts, leaving discussions with LNG producers stalled for more than a year, according to people familiar with the matter.

Uniper and TenneT agreed to develop a new central network node in Grosskrotzenburg to serve data center-driven growth in power demand in the greater Frankfurt area.

The Trump administration said it's canceling almost $30 billion of financing from the Energy Department's green bank after reviewing transactions approved under former President Joe Biden.

Crude settled higher as renewed Iran tensions and winter weather lifted the geopolitical risk premium despite lingering supply glut concerns.

The worst may be behind the global oil market, Chief Executive Officer Olivier Le Peuch said in a statement.

U.S. natural gas futures for February delivery surged by 70 percent this week as the market braced for a historic winter storm.

Natural gas prices for near-term delivery at regional trading hubs across the U.S. jumped as the market braced for a historic winter storm.

Crude oil stocks, not including the SPR, stood at 426.0 million barrels on January 16, the EIA's latest weekly petroleum status report showed.

Glenfarne signed several preliminary agreements to source gas for and sell output from Alaska LNG, which also caters to the domestic market, as well as conditionally awarded build contracts.

'This winter storm will shut it all down', AccuWeather Chief Meteorologist Jonathan Porter warned.

The increase was driven by its natural gas pipelines business, which rode on rising LNG demand.

Shell announced changes to its executive committee in a statement posted on its website this week.

Equinor and ORLEN announced a natural gas discovery on Norway's side of the North Sea, with plans to connect it to the Baltic Pipe to supply Poland.

France's navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude.

Oil prices fell sharply as rising inventories and peace hopes pressured the market.

The Trump administration has no plans to directly provide security to oil producers in Venezuela, Energy Secretary Chris Wright said Thursday.

Europe is set to receive some of its first shipments of Venezuelan oil in almost a year.

The EIA projected, in its latest STEO, that the U.S. regular gasoline retail price will average under $3 per gallon both this year and next year.

Russia said Ukrainian drones hit a Black Sea port, setting four fuel terminals on fire and killing three people.