News
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Exxon accelerates oil, gas projects in Guyana amid high prices
By Kemol KingGEORGETOWN, March 19 (Reuters) - A new floating production facility for a consortium led by Exxon Mobil XOM.N in Guyana is "almost complete" and expected to soon depart from Singapore, part of the U.S. major's effort to accelerate the startup of oil and gas projects in one o...Reuters
Thu, Mar 19
Ukraine counting on EU to unblock 90 billion euro package, Zelenskiy says
KYIV, March 19 (Reuters) - A 90 billion-euro aid package from the European Union that is currently blocked by Hungary is critical for Kyiv as it faces a "very difficult" situation while fighting Russia, President Volodymyr Zelenskiy said on Thursday.In comments to the European Council, he ad...Reuters
Thu, Mar 19
Freeport seeks permit for $7.5 billion mine expansion
By Fabian CamberoSANTIAGO, March 19 (Reuters) - U.S. miner Freeport-McMoRan has begun the process of obtaining an environmental permit for a $7.5 billion expansion of its El Abra copper mine in Chile, the company said on Thursday.The project is a joint venture between the company and Chilean state-o...Reuters
Thu, Mar 19
Energean, ExxonMobil move to the next exploration phase in Greek offshore block
Joint venture includes Energean, ExxonMobil, and Helleniq EnergyVenture notified Greece of intention to move to next exploration phaseU.S. looks to expand footprint in the Mediterranean ATHENS, March 19 (Reuters) - A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it...Reuters
Thu, Mar 19
EXCLUSIVE-Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
Will have to declare force majeure on LNG contracts for up to five yearsSome 12.8 million tons per year of LNG offlineMeans about $20 billion of lost annual revenueExxonMobil holds stakes in damaged LNG facilitiesWill also impact condensate, LPG, helium, naphtha exports By Maha El Dahan, Andrew Mill...Reuters
Thu, Mar 19
REFILE-Qatar rejects Iranian claim gas facility attacks in Qatar targeted US-linked sites, PM says
DOHA, March 19 (Reuters) - Qatar rejects Iranian claims that Wednesday's attacks on gas facilities in the Gulf state were aimed at U.S.-linked sites, Prime Minister Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said during a joint press conference with the Turkish foreign minister.Reuters
Thu, Mar 19
European airlines warn of higher fares, fuel shortages due to Iran war
Jet fuel prices surge as airspace closures disrupt routesFuel hedges offer temporary shield, but expire soonAirline chiefs urge EU to delay costly green fuel mandatesBy Joanna Plucinska and Tim Hepher BRUSSELS, March 19 (Reuters) - European airline chiefs warned on Thursday that a prolonged confl...Reuters
Thu, Mar 19
FACTBOX-US-Israeli war with Iran causes major oil, gas disruptions
March 19 (Reuters) - The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbours have damaged major energy facilities and brought shipping through the Strait of Hormuz - which handles about 20% of global oil and liquefied natural gas flows - close to a halt.With daily oil exports from t...Reuters
Thu, Mar 19
UK to cut steel import quotas, raise tariffs to protect domestic industry
Government launches new strategy on steelSteel import quotas slashed, tariffs to rise to 50%British steel production has faced decades of decline Minister says important to work with EU on steelBy William James LONDON, March 19 (Reuters) - Britain will lower its tariff-free quota on imported stee...Reuters
Thu, Mar 19
Russia vows compensation for culled cattle after farmers protests
Regional governor promises compensationPolice, animal doctors go to more farmsScientists say diseases do not require culling of cattle Kazakhstan expands ban on meat, livestock imports from RussiaBy Gleb Bryanski MOSCOW, March 19 (Reuters) - Russian officials promised compensation to farmers in t...Reuters
Thu, Mar 19
EXCLUSIVE-Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
By Maha El Dahan, Andrew Mills and Yousef SabaDUBAI/DOHA, March 19 (Reuters) - Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO t...Reuters
Thu, Mar 19
China calls for end to Gulf conflict, offers to ease Southeast Asia energy crunch
China says willing to cooperate with SE Asia on energy securityForeign Ministry signals Strait of Hormuz should be reopenedBeijing sees opportunity in energy crisis, analyst says By Liz Lee and Joe Cash BEIJING, March 19 (Reuters) - China called for an end to conflict in the Gulf and said the saf...Reuters
Thu, Mar 19
Google expands utility deals to curb data‑center power use during peak demand
By Laila Kearney NEW YORK, March 19 (Reuters) - Google GOOGL.O has signed agreements with five U.S. electric utilities in states from Arkansas to Minnesota to curtail its electricity use during periods of peak demand, the company said on Thursday, in its latest effort to secure power for fast‑gro...Reuters
Thu, Mar 19
US gas futures rise 3% after Iranian missile hits Qatar LNG site
US gas prices rise despite mild weather forecastsIranian attacks disrupt 20% of global LNG supplyUS LNG exports at capacity, limiting price impactBy Scott DiSavino NEW YORK, March 19 (Reuters) - U.S. natural gas futures climbed about 3% on Thursday to a one-week high on soaring global energy pric...Reuters
Thu, Mar 19
EXCLUSIVE-Iran attack damage wipes out 17% of Qatar’s LNG capacity for three to five years, QatarEnergy CEO says
By Maha El Dahan, Andrew Mills and Yousef SabaDUBAI/DOHA, March 19 (Reuters) - Iran’s attacks on Qatar have damaged facilities that produce 17% of the company’s liquefied natural gas export capacity and it will take three to five years to repair them, QatarEnergy CEO Saad al-Kaabi told Reuters in an...Reuters
Thu, Mar 19
China's Xiaomi unveils upgraded SU7 prices, challenging Tesla
BEIJING, March 19 (Reuters) - China's Xiaomi 1810.HK said on Thursday that its updated SU7 vehicle was priced from 219,900 yuan ($31,870) as the Chinese EV maker keeps racing against Tesla TSLA.O. That is lower than its pre-sale price which started from 229,900 yuan. Xiaomi hosted a big event on...Reuters
Thu, Mar 19
Brazil names firms breaching freight price rules, tightens oversight
SAO PAULO, March 19 (Reuters) - Brazil on Wednesday named major companies the government has fined in recent months, saying they did not comply with minimum freight price rules and that continued non-compliance could see them barred from contracting freight services.The fines come as the government ...Reuters
Thu, Mar 19
German VCI chemicals lobby warns of price hikes, shortages
FRANKFURT, March 19 (Reuters) - Germany's VCI chemical industry lobby group predicted price increases and shortages because of a lack of essential chemicals from Asia or the Middle East linked to the Iran war and specifically shipping problems through the Strait of Hormuz."The situation will...Reuters
Thu, Mar 19
