Ørsted Shares Plummet After U.S. Offshore Wind Project Halted

Shares in Ørsted tumbled to their lowest level on record on Monday as investor concerns about the world’s biggest offshore wind project developer grew following a stop-work order on a…

New Permian Pipeline Project Addresses Growing Gas Demand

ONEOK, Inc., MPLX LP, Whitewater, and Enbridge Inc. announced a new natural gas pipeline project to transport gas from the Permian Basin to the U.S. Gulf Coast. The Eiger Express…

Northern Lights Project Achieves Major Carbon Storage Milestone

The Northern Lights carbon capture and storage project (CCS) has stored the first volumes of carbon dioxide offshore western Norway, the three oil and gas majors leading the project said…

Oil Prices Edge Up as Traders Weigh Supply Risks

Summary Ukraine drone attacks target Russian energy infrastructure US vice president says Russia has made ‘significant concessions’ Federal Reserve Chair Powell signals possible September rate cut LONDON, Aug 25 (Reuters)…

Crescent Energy to Acquire Vital Energy in $3.1 Billion Shale Deal

(Reuters) – U.S. shale producer Crescent Energy  said on Monday it would acquire smaller peer Vital Energy  in an all-stock deal valued at $3.1 billion, including debt. The deal highlights how some…

Orsted Shares Sink to Record Lows After US Halts Near-Complete Offshore Wind Farm

Summary Orsted shares drop 17% after US halts wind farm project Orsted’s project was 80% complete Orsted plans $9.4 billion rights issue despite setback Denmark’s strained US relations may hinder…

China’s Coal Imports Set to Climb This Month

China’s thermal coal imports are set for a substantial rise this month, reaching 25.63 million tons, which would be the highest monthly increase since last December, Kpler reported, as cited…

Oil Prices Rise on Rate Cut Optimism

Crude oil prices started the week with gains following the U.S. Federal Reserve chairman’s speech last Friday, which revived hopes for more rate cuts later this year as well as…

Brent Oil Slips to Rare Discount to Dubai Crude Benchmark

Fears of a coming oversupply are weakening the Brent futures structure, while increased appetite for Middle Eastern crude is supporting the key benchmark prices that the top oil-producing region uses…

Data Center Operators Rush to Secure Gas Connections in the UK

Data center developers in the UK are scrambling to get their facilities hooked to gas-fired generation capacity, the Financial Times has reported, citing five such projects planned for southern England.…