Saudi Aramco Signs Long-Term LNG Supply Agreement in Louisiana
Saudi Aramco signed a long-term supply deal with Commonwealth LNG, Reuters has reported, citing unnamed sources in the know. The size of the annual shipments will be 1 million tons.…
Oil Prices Plunge 3% as Trump Plays Down Prospect of War With Iran
Oil prices fell sharply in early Asian trade on Thursday, with both major crude benchmarks retreating by around 3 percent as markets reacted to comments from U.S. President Donald Trump…
BP Sees Up To $5B Impairments Tied to Low Carbon Assets
BP PLC said Wednesday it expects to book $4-5 billion in write-downs primarily related to its “transition” business for the fourth quarter of 2025. “These charges are primarily attributable to…
Waga Energy awarded CA$15m for Quebec biomethane project
Waga Energy has been awarded financial aid of CA$15m ($10.8m) from Quebec’s Ministry of Economy, Innovation, and Energy for a biomethane production project. It will finance part of the construction…
Norway’s Avinor begins liquefied biogas power pilot at Arctic airport
Norway-based state-owned airport operator Avinor has launched a pilot project using liquefied biogas to generate electricity and heat at Svalbard Airport in Norway. The combined heat and power (CHP) plant…
Shipping Firms Scrambling to Expand Capacity for Venezuela Oil Transfers
Oil traders and shipping companies are scrambling to expand tanker operations to move Venezuelan crude as Washington prepares to take delivery of sanctioned oil following the ouster of President Nicolás…
Enverus: Venezuela To Increase Oil Output 50% By 2035
Industry consultant Enverus has predicted that Venezuela will increase oil production 50% and hit 1.5 million barrels a day by 2035 following the capture of long-time leader Nicolas Maduro by…
Kazakhstan Cut December Oil Output By 230 Kb/d
Kazakhstan cut oil production in December by more than 200 Kb/d, with output averaging 1.522 million barrels per day in the final month down from 1.759 mb/d in November. December…
Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount
Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi. The investment bank raised its…
China’s Imports of Venezuelan Oil Set to Crumble
China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters. …
