energynews

Tucson Electric Power plans to convert Springerville from coal to natural gas by 2030

Tucson Electric Power will convert two units of the Springerville power plant from coal to natural gas by 2030, ensuring production continuity, cost control, and preservation of local employment.

Spire acquires Piedmont Tennessee natural gas business for $2.48bn and accelerates its growth

Spire announces the acquisition of Piedmont’s natural gas distribution business in Tennessee for $2.48bn, extending its presence to over 200,000 customers and consolidating its position in the southeastern US gas market.

Petrobras Cuts Natural Gas Prices by 14% to Boost Brazilian Industry

The state-owned oil company adjusts its rates amid falling oil prices and real appreciation, offering up to $132 million in savings to distributors.
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CNOOC Limited strengthens gas capacity with Dongfang 1-1 13-3 project

The launch of the Dongfang 1-1 13-3 project by CNOOC Limited marks a milestone in offshore gas development in China, bringing new investments in infrastructure and regional production.

Woodside takes control of Bass Strait gas assets in strategic transfer with ExxonMobil

Woodside Energy will operate the Bass Strait gas assets following an agreement with ExxonMobil, strengthening its position in the Australian market while maintaining continuity of domestic supply.

Is Europe replacing Moscow with Washington in its energy dependence

The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
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Al Shola Gas secures over $517,000 in LPG contracts in Dubai for 2025

Al Shola Gas strengthens its position in Dubai with major liquefied petroleum gas supply and maintenance contracts, exceeding $517,000, covering several large-scale residential and commercial sites.

BW Energy secures the Deepsea Mira rig for drilling the Kudu well in Namibia

BW Energy and NAMCOR E&P announce the engagement of the Deepsea Mira rig for drilling the Kharas appraisal well on the Kudu field, offshore Namibia, with a campaign scheduled for the second half of 2025.

The rapid decline in methane emissions in the Permian disrupts the oil sector

The Permian Basin has seen a drop of over 50% in methane emissions intensity over two years, according to S&P Global Commodity Insights, illustrating the impact of advanced technologies and enhanced operational management.
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Naftogaz signs first Transbalkan gas deal with Azerbaijani SOCAR

Naftogaz and the State Oil Company of the Republic of Azerbaijan (SOCAR) have formalised an initial contract for natural gas delivery via the Transbalkan corridor, opening new logistical perspectives for Ukraine’s energy supply.

Equinor extends Hammerfest LNG terminal shutdown until August 3

Equinor postpones the restart of its Hammerfest LNG terminal by five days, a key site for European liquefied natural gas supply.

Mozambique seeks Russian companies’ participation in natural gas development

Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
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Hungary asserts refusal to abandon Russian oil and gas in face of European Union

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto states Budapest will block any European ban on Russian hydrocarbon imports, stressing the impact on household energy costs.

The International Energy Agency forecasts 7% growth in global LNG trade in 2026

The International Energy Agency anticipates an acceleration in global liquefied natural gas trade, driven by major new projects in North America, while demand in Asia remains weak.

Naturgy posts record half-year profit of €1.15bn following Iberian blackout

Spanish group Naturgy reports an unprecedented net profit, driven by rising electricity prices and increased use of its gas-fired power plants since the major Iberian grid outage.
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Dutch court lifts freeze on Gazprom stake in joint venture with Wintershall

The Hague court has authorised the release of Gazprom’s shares in Wintershall Noordzee, following a judicial decision after several months of legal proceedings involving Ukrainian companies.

SSE launches construction of Platin Power Station to strengthen Irish supply

SSE plc invests up to €300mn ($326mn) in a new 170MW power plant in County Meath, aiming to ensure energy security and support the growing demand on Ireland's power grid.

Egypt accelerates oil arrears payments to revive gas sector

The Egyptian government has paid over $1 billion to oil majors to secure natural gas production and restore international investor confidence.
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CMA CGM and TotalEnergies create joint venture for LNG bunkering in Rotterdam

CMA CGM and TotalEnergies announce a strategic partnership with the creation of a joint venture to operate a liquefied natural gas (LNG) bunkering vessel with a capacity of 20,000 m³, based in Rotterdam.

Global gas flaring hits record level of 151 bcm, weighing on the industry

The amount of gas flared globally surged to 151 billion cubic meters, the highest level in nearly twenty years, resulting in losses estimated at 63 billion USD and raising concerns for energy security.