Новости за 16.05.2024

Abu Dhabi National Oil Company (ADNOC) is poised to establish a trading desk in the United States, marking a significant step in its strategic global expansion. Sources with knowledge of the plan revealed to Reuters that the UAE-backed oil and gas giant is actively seeking senior energy traders to spearhead this initiative. The move aligns with ADNOC's broader objective to diversify revenue streams beyond its traditional base in the Gulf. Since 2018, ADNOC has been ramping up its trading operations... Читать дальше...

The government will make sure Britain sets the global standard for regulating space technology and exploration, giving this growing sector the clarity and certainty it needs to thrive, says Andrew Griffith As humanity’s quest for knowledge and exploration extends beyond the confines of Earth, we stand on the edge of a new era – one where the boundless expanse of space beckons us with promise. From the historic launch from UK soil to our improved connectivity across the country, we are witnessing... Читать дальше...

Brazilian President Luiz Inacio Lula da Silva has appointed Magda Chambriard as the new CEO of Petroleo Brasileiro SA (Petrobras), pushing her to accelerate investments in refineries and natural gas expansion, according to anonymous sources who spoke to Bloomberg. This leadership change follows Lula's dismissal of former CEO Jean Paul Prates amid dissatisfaction with his handling of the company's strategic plan. Chambriard's appointment raises concerns among investors about increased government intervention... Читать дальше...

The Chicago Mercantile Exchange (CME), the world's largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report. This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin. As Vivek Sun reports via Bitcoin Magazine, CME is already the global leader in Bitcoin futures trading. By adding spot bitcoin, it can offer clients an integrated platform that includes both spot and derivatives markets. Читать дальше...

Asian refiners are reducing their intake of Middle Eastern oil in favor of crude from the United States and Brazil. The move comes amid shrinking margins and rising Saudi oil prices—even as international benchmarks remain largely range-bound. Yet the diversification is, for the time being, quite moderate, with Saudi Arabia still the top supplier to Asia as a whole, far ahead of both the United States and Brazil. Whether this would turn into a trend is uncertain because there are all those barrels of relatively cheap Russian crude, too. Читать дальше...

After reestablishing sanctions against Venezuela, Washington is gearing up to issue restricted licenses to certain companies that already have oil-producing operations in the country, Reuters said in an exclusive report on Thursday, citing two unnamed sources close to discussions.  According to Reuters’ sources, priority will be given to those already operating in Venezuela, including Chevron, Spain’s Repsol, Italian Eni, French Maurel & Prom, and Shell, all of whom have existing oil production in Venezuela. Читать дальше...

There is no large international bank without a net-zero plan. These plans invariably include curbs in lending to the oil and gas industry. Yet despite these plans. Most of the world’s top lenders continue doing business with the oil industry—and they’ve been doing more of it lately. The revelation comes from the 15th annual Banking on Climate Chaos report authored by an organization called Oil Change International, part of a group of climate NGOs committed to putting an end to the oil and gas industry. Читать дальше...

Crescent Energy will buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford shale formation as the U.S. oil and gas mergers continue in the second quarter of the year. Under the terms of the transaction, SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock for each share of SilverBow common stock, with the option to elect to receive all or a portion of the proceeds in cash at a value of $38 per share, subject to possible pro... Читать дальше...

About a month ago, HSBC Global Research noted a forecast for a "weak" bull market in commodities. New data shows that the US Consumer Price Index (CPI) for April rose by .3% from the previous month and by 3.4% year-over-year. Although inflation is still increasing, it is doing so at a slower pace. Meanwhile, in Asia, Beijing is working to stabilize its economy. Amid these developments, commodity prices, tracked by Bloomberg, have reached their highest level in a year. This poses a serious threat... Читать дальше...

Chevron is preparing to launch a sale process to divest all its remaining operations in the UK North Sea as it looks to focus on the most profitable assets in its portfolio and finalize the $53-billion acquisition of Hess Corporation. With the planned divestment of its UK assets, Chevron would exit the basin after 55 years, the U.S. supermajor told Reuters in a statement on Thursday, confirming the plans. Chevron, which has been active in the UK North Sea for more than 55 years, holds a 19.4% non-operated... Читать дальше...

If Donald Trump wins the presidential election, he is expected to push the International Energy Agency (IEA), for which the United States provides about a quarter of the funding, back to energy security and fossil fuel supply, Reuters reported on Thursday, quoting sources with knowledge of the matter.    [if !supportLineBreakNewLine] [endif] The Paris-based IEA was created to ensure the security of supply to developed economies in the aftermath of the Arab oil embargo in the 1970s. In recent years... Читать дальше...

A barge spilled oil in the busy shipping channels in Galveston Bay after slamming into a column of the bridge that connects Galveston and Pelican Island in Texas, local officials said. No injuries or fatalities were reported in the incident.   The collision occurred on Wednesday after a tugboat operator pushing two barges lost control of them, Associated Press cited David Flores, a bridge superintendent with the Galveston County Navigation District, as saying. The high tide and the “very bad” current... Читать дальше...

Solar developers in the United States have reached a milestone of 5 million systems, the Solar Energy Industries Association and Wood Mackenzie have reported. According to the release, the SEIA and Wood Mac expect this number to double by 2030 and triple by 2034, with the pace of installations quickening significantly. Last year, the SEIA and Wood Mac said, solar additions represented the biggest chunk of new power generation capacity growth. However, this prediction may turn out to be too optimistic... Читать дальше...

Crude oil prices climbed higher earlier today following signs that demand is in a healthy condition and the U.S. economy is not in too bad a shape either. The change in trader sentiment followed the release of the EIA’s latest weekly petroleum status report that revealed a larger-than-expected draw of 2.5 million barrels for the week to May 10. Fuel inventories also booked declines, although much smaller, which may have helped the more bullish sentiment. Further support for prices came from the latest data on inflation... Читать дальше...

China’s biggest coal-producing province is set to boost output in June in a bid to prop up the provincial economy after a drop in coal production earlier this year. Production in Shanxi declined substantially in the first quarter, due to closer oversight on safety practices after a series of fatal accidents. It was down by some 25%, which affected the GDP growth of the province, Bloomberg reported, adding that Shanxi dropped to the 31st place among Chinese provinces in terms of economic growth. The... Читать дальше...

A continuously fading war risk premium and signs that regional oil markets look well supplied prompted traders to slash last week their bullish bets on crude oil at the fastest pace in over a year. The net long position—the difference between bullish and bearish bets—dropped to a three-month low as money managers liquidated longs, also prompting technical selling that pushed Brent Crude prices to the low $80s and the U.S. benchmark, WTI Crude, to below $80 per barrel so far in May. Portfolio managers... Читать дальше...

The oil price selloff appears to have run out of steam with oil prices finding a floor over the past week. Brent crude for June delivery was trading at $82.44 per barrel in Wednesday’s intraday session, a sharp decline from $90.10 a month ago while the corresponding WTI contract was trading at $78.17 per barrel down from $85.41 over the timeframe. Demand concerns coupled with softening geopolitical risk premium have been blamed for the pullback, with commodity analysts at Citi warning that oil prices... Читать дальше...

Perhaps more than any other single factor, the Common Seawater Supply Project (CSSP) is critical in enabling Iraq to dramatically increase its crude oil production. It was delayed for over a decade, as ExxonMobil and the China National Petroleum Corporation (CNPC) battled it out for control over the project. Finally, the U.S. firm pulled out and the Chinese company’s progress ground to a halt, leaving the way clear for the project to become part of the US$27 billion four-pronged Gas Growth Integrated... Читать дальше...

Iceland is a world leader when it comes to renewable energy production, having long developed its natural resources to power a green revolution. The Nordic island nation is home to abundant geothermal and hydropower energy sources, and it has also significantly developed its wind power sector in recent years. Despite huge strides in its renewable energy development, putting it way ahead of most of the competition, the Icelandic government has big plans to develop even more clean energy by harnessing... Читать дальше...