New Fortress Lands Agreement for LNG Platform Offshore Egypt
New Fortress Energy said the Energos Eskimo floating storage and regasification unit will begin operations in the summer of 2025.
Energy Vault, RackScale Partner to Scale Up Data Centers by 2 GW
The Energy Vault-RackScale Data Centers partnership emerges as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs.
TotalEnergies Plans 300 MW Renewable Projects in Oman
Wind and solar power will be supplied to Petroleum Development Oman, aligning with TotalEnergies’ multi-energy strategy in the country.
SLB to Manage Construction of Deepwater Wells for Petrobras
SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.
ExxonMobil announces plans to 2030 that build on its unique advantages
Expects to deliver growth potential of $20 billion in earnings and $30 billion in cash flow1 Key elements of ExxonMobil’s 2030 plan: Increasing Pioneer acquisition average annual synergies by over 50% to more than $3 billion2 Growing new business earnings potential to $3 billion3 Adding $7 billion more in structural cost savings vs. 3Q2024 Increasing …
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US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas
U.S. natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 …
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US Hydrogen Concerns Linger as Next Administration Nears White House
BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
OPEC Gives Haitham Al-Ghais Second Term as Secretary-General
Kuwaiti’s tenure as OPEC’s top official extended to mid-2028 OPEC+ delayed output restart last week to defend oil prices OPEC appointed Haitham Al-Ghais for a second three-year term as its secretary-general, extending his tenure until mid-2028. The Kuwaiti oil executive has been the top official at the Organization of Petroleum Exporting Countries since mid-2022. OPEC and its allies agreed …
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U.S. Sees Small Global Oil Deficit in 2025 in Outlook Reversal
Global demand to exceed output by 100,000 barrels a day IEA last month forecast 1 million barrel-a-day surplus The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a day in 2025, according to a monthly report from …
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LNG Seeks a Future Under Mounting Climate Pressure
Bloomberg News Police vans cordoned off Berlin’s Adlon Kempinski hotel Tuesday as environmental protesters attempted to disrupt an energy conference, splashing green paint against the side entrance of the luxury venue by the Brandenburg Gate. Inside, the global liquefied natural gas industry gathered to debate its future. Having largely turned the page on energy price …
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