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LNG

Glenfarne Selects Kiewit To Build Texas LNG Export Plant

U.S. energy company Glenfarne Group LLC said on Monday it had selected construction contractor Kiewit to build its proposed Texas LNG export terminal in Brownsv…

Natural Gas

Japanese Firm Doles Out $1.4 Billion To Come Aboard Woodside’s Mega Gas Project

Woodside and JERA executed a binding sale and purchase agreement in February 2024 for the sale of a 15.1% non-operating participating interest in the Scarboroug…

Oil & Gas Trade

Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining

Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher ga…

Clean Coal

China Three Gorges Plans $10 Billion Renewables-Coal Power Base

China Three Gorges Renewables Group Co. is planning a massive power base mixing wind, solar, coal and batteries in the Taklamakan Desert, the company said in an…

Crude Oil

Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover

Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, …

Decarbonization

ACWA Power Signs $1.7bn Finance And Energy Deals

Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…

Green Hydrogen

Engie And Morocco's OCP Renewables Deal Worth Billions, Says Source

Morocco's phosphates and fertilizer giant OCP and French energy firm Engie ENGIE.PA signed a preliminary agreement on Monday for projects that could generat…

Battery

LG Energy Solution Announces ESS Revenue Growth, New Products

LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…

United States

NextEra Plans To Raise $1.5 Billion To Fund Energy Projects

Utility firm NextEra Energy (NEE.N), said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.Utility firms across …

Oil&Gas Drilling

UK Likely To Unlock £10 Billion Worth Of North Sea Oil & Gas With Encouraging Fiscal Regime, Woodmac Finds

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an …

LNG

Exclusive: Blackstone In Talks To Buy US Pipeline Stakes From EQT For $3.5 Billion, Sources Say

Private equity firm Blackstone (BX.N), is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp (EQT.N), for ab…

Oil Price

Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations

Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…

Offshore Wind Power

Cost Of North Sea Energy Island Could Reach 7 Billion Euros, Far Exceeding Initial Estimates

The cost of the Princess Elisabeth energy island in the North Sea could soar to 7 billion euros, significantly higher than the initial estimate of 2.2 billion e…

Hydrogen Project

Germany Approves $20.5 Billion Hydrogen Push

Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion.The plan w…

Oil & Gas Trade

Top U.S. LNG Exports: China's Gas Demand Is Booming

Chinese demand for natural gas is set to jump by more than 50% by 2040, from 400 billion cubic meters (bcm) now to more than 600 bcm, according to an executive …