Taiwan Halts $800 Million in Spot LNG Buys From Papua New Guinea
Taiwan has suspended approximately 500,000 metric tons of liquefied natural gas purchases from Papua New Guinea every six months, removing roughly $800 million of spot-market demand after Port Moresby ordered…
World Nuclear Association: $6 Trillion Needed to Hit 2050 Capacity Goals
As nuclear energy gains momentum amid energy security concerns and spiking power demand, global annual investment is seriously lagging the spending needed to reach the current capacity expansion goals, the…
Shell Q2 profit rises on higher oil prices, record Brazil production
(WO) — Shell reported second-quarter adjusted earnings of $9.8 billion, up from $6.9 billion in the first quarter, as stronger upstream performance, higher realized oil and gas prices and record…
Baker Hughes secures liquefaction tech order for Venture Global’s CP2 LNG expansion
By 49 min ago 2 min read Global energy company Baker Hughes will supply a modularised liquefied natural gas (LNG) system to support the second phase of Venture Global’s 29…
Iran Rejects Oman’s Proposal to Evenly Divide Hormuz Control
Iran has rejected a proposal from Oman to evenly share control of the lanes in the Strait of Hormuz, as Tehran demands it control most of the critical oil and…
Houthis Claim Attack on Saudi Oil Tanker in Red Sea
Yemen’s Houthis late on Tuesday claimed an attack on a Saudi oil tanker in the Red Sea, saying that the vessel had violated the blockade the Iran-aligned group announced last…
Eni Increases 2026 Buybacks as Production Growth Accelerates
Eni (E:NYSE) is raising its share buyback program for the year after reporting on Wednesday consensus-beating earnings for the second quarter on the back of higher oil and gas prices…
U.S.-Saudi Consortium Plans $5 Billion Gulf Refinery Outside Hormuz
A consortium of U.S. and Saudi companies is set to build a new refinery in the Persian Gulf despite the current situation in the region. The facility will have a…
ADNOC Defies Hormuz Risks as UAE LNG Exports Continue
The UAE is still exporting liquefied natural gas, despite the threat of strikes in the Strait of Hormuz. According to a Bloomberg report, an ADNOC LNG tanker appeared in the…
New Zealand Awards First Offshore Oil License Since Ending Drilling Ban
New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted…
