Latest news with #energyindustry
Bloomberg
a day ago
- Business
- Bloomberg
BP Plans to Exit $36 Billion Australian Green Hydrogen Project
BP Plc will exit its role in a massive green hydrogen production facility planned in Australia as the British oil major refocuses on the fossil fuels that drive its profits. The company told its partners in the Australian Renewable Energy Hub that it plans to leave the project as both operator and equity holder, according to a statement from a BP spokesperson. It's the latest setback for green hydrogen, a fuel once touted as a key way for Big Oil to profit from the energy transition but that has so far proved too costly for mass production and consumption.
Bloomberg
2 days ago
- Business
- Bloomberg
Patria, Eaton Vance Among Investors in Argentina Pipeline Loan
Asset managers Patria Investments Ltd. and Eaton Vance joined a group of about a dozen banks in financing a $3 billion oil pipeline project which is seen as pivotal for Argentina's energy industry, people familiar with the matter said. The syndicated loan agreement, signed almost two weeks ago, is the largest commercial facility for an infrastructure project in the history of the South American nation, according to a press release for the project titled Vaca Muerta Oil Sur, or VMOS. A list of 14 institutions, including international lenders like Citi, Deutsche Bank, Itaú, JP Morgan, and Santander, provided a total of $2 billion in financing.
Yahoo
4 days ago
- Business
- Yahoo
What's in the EU's 18th sanctions package against Russia?
By Kate Abnett and Enes Tunagur BRUSSELS, LONDON (Reuters) -Here are the details of the European Union's 18th package of sanctions against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry. OIL PRICE CAP Central to the package is a lower price cap on Russian oil - a move designed to shrink Moscow's energy revenues without disrupting global markets by severing Russian supply entirely. The EU will impose a moving price cap on Russian crude at 15% below its average market price, EU diplomats said. That means a cap of roughly $47.60 per barrel at present, well below the $60 maximum that the Group of Seven major economies have tried to impose since December 2022. The new price cap will come into force on September 3 and a 90-day transition period will apply to existing contracts, the EU said in a press release. The measure aims to ban trade in Russian crude bought at a higher price by prohibiting shipping, insurance and reinsurance companies from handling tankers carrying such crude. The European Union and Britain have been pushing the G7 to lower the cap since a fall in oil futures made the $60 cap largely irrelevant. However, the United States has resisted, leaving the EU to move forward on its own, with limited power to enforce the measure because oil is largely traded in dollars, for which payment clearing is controlled by U.S. banks. SHADOW FLEET AND ENERGY TRADE The EU will no longer import any petroleum products made from Russian crude after a transitional period of six months, although the ban will not apply to imports from Norway, Britain, the U.S., Canada and Switzerland, EU diplomats said. The EU sanctions also targeted India's Nayara oil refinery with Russia's largest oil producer Rosneft as its main shareholder. The EU also agreed to end the Czech Republic's exemption from the bloc's existing ban on seaborne Russian crude oil imports, after the country fully switched to non-Russian supplies this year. An additional 105 vessels are banned from accessing EU ports and locks, or undertaking ship-to-ship transfers of oil - an effort to shut down the so-called "shadow fleet" of older oil tankers used to transport Russian oil and circumvent sanctions. The EU also put sanctions on a private operator of an international flag registry, and an entity in the Russian LNG sector, the Council of the EU said in a press release, without naming them. In total, the EU has now imposed sanctions on more than 400 shadow fleet ships. NORD STREAM Transactions related to Russia's Nord Stream gas pipelines under the Baltic Sea will be banned, including any provision of goods or services to these projects. FINANCIAL SECTOR The EU will ban all transactions with Russian financial institutions - already excluded from the global financial messaging system SWIFT. The ban will include transactions with Russia's sovereign wealth fund - the Russian Direct Investment Fund (RDIF) - as well as its investments. This aims to further restrict Russia's access to international financial markets and foreign currency. EU countries also agreed to lower the threshold for imposing further sanctions on foreign financial and credit institutions that undermine the sanctions or support Russia's war effort. EXPORT BANS, NEW BLACKLIST ENTRIES The EU will blacklist 26 new entities for circumventing sanctions, including seven in China, three in Hong Kong and four in Turkey, diplomats said. Certain chemicals, plastics and machinery have been added to the list of goods EU countries cannot export to Russia. DELAYED APPROVAL The package of sanctions on Russia is the EU's 18th since Moscow's full-scale invasion of Ukraine in 2022. Approval was held up for weeks by Slovakia and Malta. Slovakia had demanded guarantees against potential losses from a separate EU plan to ban imports of Russian gas by 2028, and dropped its veto after the EU offered Slovakia some guarantees earlier this week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
16-07-2025
- Business
- Associated Press
The 21st Annual LDC Gas Forum Energy Innovations Rockies & West takes place in Denver, CO August 11 - 13, 2025
The LDC Gas Forum Rockies and West draws over 250 natural gas market decision-makers for insights and networking with subject matter experts, including executives from Liberty Energy, Sapphire Gas Solutions, and ConocoPhillips Houston, Texas--(Newsfile Corp. - July 16, 2025) - Over two hundred fifty energy industry professionals gather in August to gain insight and analysis of up to the minute issues facing the U.S. Rockies & West natural gas market region. The 21 st annual Energy Innovations -LDC Gas ForumRockies & West takes place August 11 - 13, 2025 in Denver, CO. This is the industry's premier gathering for natural gas industry professionals, which is much more than simply a conference, with participants routinely negotiating commercial transactions during the event. This year's Program is packed with relevant critical issues faced by natural gas market stakeholders across the value chain. A key theme spanning the Agenda is the reset of markets to support the Administration's policy of unleashing American energy, including supplying the remarkable projected increase in natural gas demand. Beyond this overarching theme, the Agenda also addresses issues unique to U.S. Rockies & West natural gas markets. Gas/electric coordination challenges, including electricity demand growth to serve AI Data Centers and general growth in reliable/non-intermittent electricity, translates into a significant forecasted increase for natural gas fired power generation. New midstream infrastructure projects, desperately needed to move natural gas to markets on a reliable basis, are in development. LNG Exports, primarily on the U.S. Gulf Coast liquefaction facilities, but also on the Canadian pacific coast, are now competing for supply from production regions that traditionally serve U.S. Rockies & West markets. The convergence of these market conditions translates into potential for volatility and the need for informed decisions on structuring commercial arrangements into the future. In addition, recurring LDC Gas Forum topics include market fundamentals (supply/demand), natural gas supply capabilities, midstream infrastructure project updates, end use natural gas user perspectives, gas/electric coordination, policy/regulatory/legal analysis, and technology innovations. All this against a backdrop of commercial operations involving producing, transporting, and buying natural gas. The content/insight program of the LDC Gas Forum Rockies & West consists of 2 ½ days with a total of eighteen keynote Presentations and Panels. Keynote addresses will be delivered by Ron Gusek, CEO, Liberty Energy, Sam Thigpen, Founder/CEO , Sapphire Gas Solutions, and James Pearson, Senior Market Analyst, ConocoPhillips, and Dan Haley, Executive Director , Coloradans for Responsible Energy Development. The Program also includes four moderated interactive Panel discussions addressing a variety of timely topics, with knowledgeable subject matter experts including executives from: bp; DRW Holdings; Natural Gas Intelligence (NGI); NRG Energy; Promethius Hyperscale; Frontier Infrastructure Holdings; PureWest; NRG Energy; Trellis Energy; nGenue; Cleveland Advisory; Enbridge; Vantage Data Centers; and SoCal Gas. These Presentations and moderated Panel discussions offer an excellent opportunity to gain insight into topical issues, with drill-down focus and actionable takeaways, from a variety of perspectives. The agenda also allocates multiple sessions of dedicated time for networking, to facilitate discussion, including with speakers, and to meet and connect with existing and prospective customers. This Forum focuses on energy innovations in U.S. Rockies & West natural gas markets, while six other LDC Gas Forums throughout the year address other key regions and market segments across the continent. Even in today's digital age, natural gas market participants appreciate events that facilitate face-to-face interaction. The LDC Gas Forum is uniquely structured to meet this expectation. The Forums have been the venue of choice for thousands of participants for decades. Registration is still available at The LDC Gas Forums (4), Gulf Coast Energy Forum, and NatGas to Power Forum series consists of six annual events, each focused on a key natural gas market region across North America. This is where buyers and sellers meet to do business. Much more than simply conferences, the Forums are a well-structured event that delivers insights into critical issues affecting natural gas, LNG, natural gas power generation, and emerging energy markets, but in addition, provide participants opportunities to meet with industry counterparts to complete commercial business transactions. Timely panel discussions featuring key industry experts focus on important questions facing buyers, sellers, transportation operators, service/product suppliers, and other market stakeholders in competitive energy markets. Topics addressed include: natural gas market fundamentals (supply/demand) and price forecasting; LNG exports; natural gas power generation demand (incl. AI Data Centers); gas/electric coordination; natural gas infrastructure additions; energy policy, regulation and legal; Mexico natural gas exports; natural gas end user perspectives; virtual pipeline solutions; technology innovations for energy; energy evolution/additions providing supply security, affordability, and lower carbon alternatives (incl. certified gas, RNG, CCS). Participants at the Forums include C-Suite market leaders, decision makers and subject matter experts, representing all segments of the commercial natural gas value chain including utilities, industrial gas consumers, producers, pipelines, marketers, key service/product providers, as well as policy makers, regulators and market analysts. Multiple dedicated networking sessions give you access to your clients, prospects, and peers to pursue opportunities in the market. The LDC Gas Forums: Southeast, Northeast, Energy Innovations: Rockies & West, Mid-Continent, Gulf Coast Energy Forum, and NatGas to Power Forum. Where the Natural Gas Industry Gathers: Networking - Insights - Deal-Making Media Contact Information Christy Coleman LDC Gas Forums/Gulf Coast Energy Forum/NatGas To Power Forum [email protected] To view the source version of this press release, please visit
Yahoo
16-07-2025
- Business
- Yahoo
The 21st Annual LDC Gas Forum Energy Innovations Rockies & West takes place in Denver, CO August 11 - 13, 2025
The LDC Gas Forum Rockies and West draws over 250 natural gas market decision-makers for insights and networking with subject matter experts, including executives from Liberty Energy, Sapphire Gas Solutions, and ConocoPhillips Houston, Texas--(Newsfile Corp. - July 16, 2025) - Over two hundred fifty energy industry professionals gather in August to gain insight and analysis of up to the minute issues facing the U.S. Rockies & West natural gas market region. The 21st annual Energy Innovations - LDC Gas Forum Rockies & West takes place August 11 - 13, 2025 in Denver, CO. This is the industry's premier gathering for natural gas industry professionals, which is much more than simply a conference, with participants routinely negotiating commercial transactions during the event. This year's Program is packed with relevant critical issues faced by natural gas market stakeholders across the value chain. A key theme spanning the Agenda is the reset of markets to support the Administration's policy of unleashing American energy, including supplying the remarkable projected increase in natural gas demand. Beyond this overarching theme, the Agenda also addresses issues unique to U.S. Rockies & West natural gas markets. Gas/electric coordination challenges, including electricity demand growth to serve AI Data Centers and general growth in reliable/non-intermittent electricity, translates into a significant forecasted increase for natural gas fired power generation. New midstream infrastructure projects, desperately needed to move natural gas to markets on a reliable basis, are in development. LNG Exports, primarily on the U.S. Gulf Coast liquefaction facilities, but also on the Canadian pacific coast, are now competing for supply from production regions that traditionally serve U.S. Rockies & West markets. The convergence of these market conditions translates into potential for volatility and the need for informed decisions on structuring commercial arrangements into the future. In addition, recurring LDC Gas Forum topics include market fundamentals (supply/demand), natural gas supply capabilities, midstream infrastructure project updates, end use natural gas user perspectives, gas/electric coordination, policy/regulatory/legal analysis, and technology innovations. All this against a backdrop of commercial operations involving producing, transporting, and buying natural gas. The content/insight program of the LDC Gas Forum Rockies & West consists of 2 ½ days with a total of eighteen keynote Presentations and Panels. Keynote addresses will be delivered by Ron Gusek, CEO, Liberty Energy, Sam Thigpen, Founder/CEO, Sapphire Gas Solutions, and James Pearson, Senior Market Analyst, ConocoPhillips, and Dan Haley, Executive Director, Coloradans for Responsible Energy Development. The Program also includes four moderated interactive Panel discussions addressing a variety of timely topics, with knowledgeable subject matter experts including executives from: bp; DRW Holdings; Natural Gas Intelligence (NGI); NRG Energy; Promethius Hyperscale; Frontier Infrastructure Holdings; PureWest; NRG Energy; Trellis Energy; nGenue; Cleveland Advisory; Enbridge; Vantage Data Centers; and SoCal Gas. These Presentations and moderated Panel discussions offer an excellent opportunity to gain insight into topical issues, with drill-down focus and actionable takeaways, from a variety of perspectives. The agenda also allocates multiple sessions of dedicated time for networking, to facilitate discussion, including with speakers, and to meet and connect with existing and prospective customers. This Forum focuses on energy innovations in U.S. Rockies & West natural gas markets, while six other LDC Gas Forums throughout the year address other key regions and market segments across the continent. Even in today's digital age, natural gas market participants appreciate events that facilitate face-to-face interaction. The LDC Gas Forum is uniquely structured to meet this expectation. The Forums have been the venue of choice for thousands of participants for decades. Registration is still available at The LDC Gas Forums (4), Gulf Coast Energy Forum, and NatGas to Power Forum series consists of six annual events, each focused on a key natural gas market region across North America. This is where buyers and sellers meet to do business. Much more than simply conferences, the Forums are a well-structured event that delivers insights into critical issues affecting natural gas, LNG, natural gas power generation, and emerging energy markets, but in addition, provide participants opportunities to meet with industry counterparts to complete commercial business transactions. Timely panel discussions featuring key industry experts focus on important questions facing buyers, sellers, transportation operators, service/product suppliers, and other market stakeholders in competitive energy markets. Topics addressed include: natural gas market fundamentals (supply/demand) and price forecasting; LNG exports; natural gas power generation demand (incl. AI Data Centers); gas/electric coordination; natural gas infrastructure additions; energy policy, regulation and legal; Mexico natural gas exports; natural gas end user perspectives; virtual pipeline solutions; technology innovations for energy; energy evolution/additions providing supply security, affordability, and lower carbon alternatives (incl. certified gas, RNG, CCS). Participants at the Forums include C-Suite market leaders, decision makers and subject matter experts, representing all segments of the commercial natural gas value chain including utilities, industrial gas consumers, producers, pipelines, marketers, key service/product providers, as well as policy makers, regulators and market analysts. Multiple dedicated networking sessions give you access to your clients, prospects, and peers to pursue opportunities in the market. The LDC Gas Forums: Southeast, Northeast, Energy Innovations: Rockies & West, Mid-Continent, Gulf Coast Energy Forum, and NatGas to Power Forum. Where the Natural Gas Industry Gathers: Networking - Insights - Deal-Making Media Contact InformationChristy ColemanLDC Gas Forums/Gulf Coast Energy Forum/NatGas To Power Forumccoleman@ To view the source version of this press release, please visit
