Petrobras to Supply Natural Gas to Steel Giant Ternium
'Petrobras and Ternium have important synergies, and the natural gas market is an essential link between them'.
Israel's NewMed Energy Secures Local Funding for Gas Expansion Project
NewMed Energy secured new borrowings of up to $400 million from Israeli banks to be used for ongoing operations including an expansion project in the Chevron-operated Leviathan gas and condensate field.
Mexico Lawmakers Take First Step to Expand Federal Control over Energy
Legislators passed the general text of the bill to reclassify both Pemex and CFE from 'state productive companies' to 'public companies'.
Crude Stabilizes After Volatile Session While Geopolitical Risks Linger
Oil prices steadied after a volatile session as US crude inventories rose and traders closely watched China's fiscal plans, with geopolitical risks in the Middle East continuing to add uncertainty to the market.
California to Roll Out Home Energy Rebates Program
The DOE has given California $300 million for the state's HEAR program.
China Diesel Demand Growth Under Pressure
Analysts at BMI said mainland China's diesel demand growth is under pressure from natural gas and the electrification of the transport sector.
Libyan Oil Revival Piles Pressure on European Crude Markets
The return of Libyan oil exports is pressuring crude prices.
Exxon Mobil in Talks to Close Share Sale in Key German Refinery
Exxon Mobil Corp. is in advanced talks with other shareholders to pave the way for its sale of a stake in Germany's second-biggest refinery.
Petrofac Inks Agreement with Marathon Oil in Equatorial Guinea
Petrofac will support key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore.
Baker Hughes to Supply ICL Units to Dubai
The project will provide stability for Dubai's energy supply by strengthening the system's ability to switch between natural gas and solar power.
Italgas to Acquire Distribution Rival 2i Rete Gas for $2.26B
'The acquisition of 2i Rete Gas allows us to become the leading operator in Europe in the gas distribution sector, after being recognized as a global benchmark in terms of innovation and digitalization'.
Lafarge Canada Replaces Half of Gas Usage with New Low Carbon Facility
The facility will reduce the plant's reliance on traditional fuels by replacing up to 50 percent of natural gas used in one of its kilns.
17 Percent of Gas Stations in Florida Have No Fuel
'Hurricanes can have a profound impact on gasoline supply', Patrick DeHaan, Head of Petroleum Analysis at GasBuddy, warned.
Libya Decision to Resume Oil Exports Represents Unique Market Opportunity
'This resumption positions Libya to benefit from higher oil prices, potentially increasing revenue significantly', Dryad Global said.
Woodside Takes Over Tellurian for $1.2 Billion
The Australian company assumed control of the U.S. Gulf Coast Driftwood LNG project after completing its acquisition of Tellurian.
Ecopetrol Launches $1.75 Billion Bond Sale to Fund Buyback
Ecopetrol launched a $1.75 billion deal on international debt markets while moving to buy back bonds for the second time this year.
Chevron Delays Pipeline Expansion Project in Israel amid War
Chevron expects a delay of about six months.
Oil Prices Plunge as China Fails to Deliver New Stimulus
Oil prices fell sharply after China's National Development and Reform Commission ended a briefing without new stimulus measures, disappointing investors and triggering a market-wide selloff.
Saudi Arabia Said to Tee Up Multibillion Dollar Bet on Hydrogen
Saudi Arabia is preparing to make a multibillion dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel.
Oil Prices Decline as Traders Take Profits
'The market appears to be pricing in a low likelihood of direct attacks on Iranian oil infrastructure'.
