Gunvor Profits Dropped 42 Pct as Energy Market Chaos Eased
Commodity trader Gunvor Group posted a 42 percent drop in profit in 2024.
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Oil Rises, but Doubts Dominate
Uncertainty over tariffs, sanctions, and OPEC output drove cautious gains in crude.
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May NatGas Contract Looking to Establish New Post-Winter Trading Range
It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.
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Sempra Plans Asset Sales to Support California, Texas Utility Investment
Sempra intends to sell its gas distribution business in Mexico and a minority stake in its liquefied natural gas arm to support investment in the U.S.
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Bipartisan Group of Senators Readies New Sanctions on Russia
The punishments would include a 500 percent tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News.
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Excelerate to Acquire NFE's Jamaican Business for $1.055B
Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power co-generation plant.
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Petronas Confirms Fire at Main PGB Pipeline
'The affected pipeline has been isolated, and all relevant stakeholders have been informed', Petronas said.
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Petronas Issues $5 Billion Bonds
Malaysia's national oil and gas company said it had achieved the biggest oil and gas debt instrument sale in Asia since 2020 with the issuance of $5 billion senior notes.
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PetroChina Annual Profit Up 2 Percent on Higher Production
CNPC's publicly listed arm reported about $22.69 billion in net profit for 2024, up 2 percent from 2023 as increased output offset lower prices.
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SLB Announces Major Drilling Contract
SLB announced that it has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development.