The UK-based firm said its adjusted earnings reached $5.58 billion in the first quarter, down compared to $7.73 billion in the comparable quarter last year. Adjusted earnings rose 52 percent compared to $3.66 billion in the prior quarter. Income […]
Norwegian energy major Equinor has sold its stake in the Peregrino field to Brazilian company Prio Tigris, a subsidiary of PRIO, for $3.5bn Equinor sold its 60% operated interest in the field to PRIO, Brazil’s […]
EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 30 LNG vessels is 115 Bcf. This compares to 27 shipments and 102 Bcf in the week ending April […]
Quantitative Tightening has shed 25.2% of total assets. The Assets-to-GDP ratio declined to 22.4%, first seen in 2013. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $14 billion in April, to […]
The 2004-built 145,445-cbm LNG carrier, Lalla Fatma N’Soumer, owned by Sonatrach’s Hyproc Shipping, delivered the cargo to the 140,000-cbm FSRU on May 1, according to state-owned LNG Croatia. Lalla Fatma N’Soumer’s AIS data shows the LNG […]
Following the incident in 2022, Freeport received approval from FERC for commercial operations of Phase 1, which includes all three liquefaction trains, LNG storage tanks 1 and 2, and dock 1, in February 2023. Thereafter, […]
TotalEnergies declared force majeure on the Mozambique LNG project in April 2021 and withdrew all personnel from the site due to new attacks. Mozambique LNG includes the development of offshore gas fields in Mozambique’s Area 1 and […]
Danish offshore wind developer Ørsted has sold a 24.5% stake in the 389MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. Schroders Greencoat has a combined net generating capacity of […]
Up-revisions pushed the 12-month core PCE price index for February to +3.0%, and the 6-month index to +3.4%, worst since July 2023. But March was benign? By Wolf Richter for WOLF STREET. The inflation measure released today for […]
ENB Pub Note: Why is it important to note that the Japanese shipping firm is increasing the number of tankers and currently has about 30 new tankers on order? One key point President Trump has […]
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