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Oil & Gas Trade

ADNOC Gas Reports $6 Billion Revenue in Q1 2024 With Significant Natural Gas Project Milestones

According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong…

Coal Trade

US Coal Exports to Rise, Production Declines

The U.S. Energy Information Administration revised its coal export forecast upwards, driven by stronger-than-expected February data and progress restoring acces…

Oil & Gas Trade

BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts

BP (LON:BP) reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a…

Tidal Energy

How Much Tidal Energy Can Alaska's Electricity Grid Support?

(photo courtesy NREL)A report released by the National Renewable Energy Laboratory found that the existing power grid in Alaska known as the Railbelt can suppor…

Crude Oil

US Has Sufficient Oil Supply Reserve to Address Any Supply Concerns, Biden Adviser Says

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Oil & Gas Trade

Russia Plans to Pipe 35 Bcm of Gas to China via Kazakhstan, Tass Reports

Russia plans to send some 35 billion cubic metres (bcm) of natural gas per year to China via Kazakhstan, the TASS news agency reported on Saturday citing Kazakh…

Oil Price

Oil Climbs After Saudi Arabia Hikes Prices

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022…

Distributed Grid

Saudi Electricity Company Aligns Financing for Two Ipps Projects With 3.6 GW Combined Ccgt Capacity

For the first time since Moscow launched its full-scale attack on Ukraine more than two years ago, the EU is expected to aim its sanction bazooka at Russia&rsqu…

Oil & Gas Trade

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit

Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian re…

LNG

LNG Producer Cheniere's Export Volumes Fuel Core Profit Beat

The logo of Houston-based liquefied natural gas company Cheniere seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 202…

United States

US Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up

The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo Purchase Licensing RightsT…

Biofuel

Mubadala Capital Plans $13.5 Billion Biofuels Investment in Brazil, Financial Times Reports

Abu Dhabi's Mubadala Capital intends to invest about $13.5 billion on a major biofuels project in Brazil over the next decade, under broader plans for the c…

Nuclear Power Plant (NPP)

Alberta, Saskatchewan to Cooperate on Nuclear Energy 03 May 2024

The governments of the Canadian provinces of Alberta and Saskatchewan have signed a memorandum of understanding to advance the development of nuclear power gene…

Offshore Wind Power

Wind Generation Declined in 2023 for the First Time Since the 1990s

U.S. electricity generation from wind turbines decreased for the first time since the mid-1990s in 2023 despite the addition of 6.2 gigawatts (GW) of new wind c…

Biofuel

EIA: Densified Biomass Fuel Production at 830,000 Tons in January

U.S. manufacturers produced approximately 830,000 tons of densified biomass fuels in January, according to the April edition of the U.S. Energy Information Admi…