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Eni will continue to ask for compensation and reductions concerning a windfall tax that has impacted earnings from its gas trading arm heavily and that was partly ruled unlawful by Italy's Constitutional Court a few weeks ago, the company’s management said during an earnings call on Friday ..read more

The scheme will support investments in renewable hydrogen projects with an installed capacity of at least 100 MW. The aid will take the form of direct grants covering the investment costs of the projects supported ..read more

Big policy moves with billions allocated to new and green energy projects made the top headlines in the UK's energy sector, with UK government introducing GB Energy alongside a policy bill setting out how the government will finance plans in an unprecedented partnership with the Crown Estate. In Scotland, the government said it would provide GBP 2 million (USD 2.6 million) to fund a major carbon capture and storage project, in which the UAE’s ADNOC has a stake. Meanwhile, earnings continued to roll in, with Equinor, TotalEnergies and Eni noting falls amid low gas and LNG sales.  ..read more

Natural gas futures fell in the US, Asia and Europe on Thursday, with the falls in the US and Asia taking prices to the brink of breaching significant thresholds. Bearish factors influencing gas markets include the return to production of Freeport LNG in the US, with all three trains expected to be up and running by early August, the latest inventory data in the US and, as always, weather. The steepest fall was in the US, where Henry Hub was within a whisker of falling below USD 2/MMBtu. The August contract fell by 3.6%, from USD 2.12/MMBtu on Wednesday to USD 2.04/MMBtu, a level it was at bri ..read more

The UK government will partner with The Crown Estate, which has a GBP 16 billion portfolio of land and seabed, to spur Britain's renewable energy growth, Prime Minister Keir Starmer will announce today ..read more

The shipping sector will likely decarbonise its operations through multiple approaches as it faces rising competition for green fuels with other industries, according to Øistein Jensen, chief sustainability officer at Norway-based shipping company Odfjell ..read more

Lower gas and refining margins pull down earnings LNG sales fall by 18% q-o-q and 20% y-o-y   ..read more

ConocoPhillips has signed two new strategic LNG agreements to supply Europe and Asia, including a long-term capacity booking at Fluxys’s LNG terminal in Zeebrugge ..read more

Equinor on Wednesday reported Q2 ‘24 net income of USD 1.87 billion, up 2% year on year but around 30% lower than the previous quarter, amid an increase in gas production from the Norwegian Continental Shelf (NCS) and lower prices ..read more