Shell Singapore Pte Ltd (SSPL), a subsidiary of Shell plc, has finalised the sale of its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd. (CAPGC). CAPGC is a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd. The transaction was executed through the…

China has suspended imports of liquefied natural gas (LNG) from the United States for 40 days, marking the longest pause in nearly two years. This interruption, attributed to ongoing trade tensions, is forcing traders to reroute shipments to avoid tariffs imposed by Beijing on the super-chilled fuel. The current hiatus…

A North Dakota state court has ruled that Greenpeace is liable for nearly US$667 million in damages following its involvement in protests against the Dakota Access pipeline between 2016 and 2017. The lawsuit was brought by Energy Transfer, a Texas-based pipeline company, which accused Greenpeace of unlawfully disrupting construction and…

The Australian Energy Market Operator (AEMO) has released its 2025 Gas Statement of Opportunities (GSOO), emphasising the critical need for governments and industry to fast-track new gas supply projects to address looming shortfalls in Australia’s east coast gas market. While the report shows an improved supply-demand outlook, deferring forecast seasonal…

Crude oil prices experienced a significant uptick on Wednesday, March 12, 2025, with Brent crude reaching approximately US$71.00 per barrel and West Texas Intermediate (WTI) hovering near US$67.80. This surge of over 2 per cent is primarily attributed to an unexpected decrease in US crude oil and fuel inventories, indicating…

In a move signalling renewed efforts to increase its oil output, Libya's National Oil Corporation (NOC) has announced the resumption of production at the Mabruk oilfield, located 800 kilometres east of Tripoli, after a 10-year suspension. Production officially restarted on March 9, 2025, with current output at 5,000 barrels per…

The US Energy Information Administration (EIA) projects that the United States will see record levels of crude oil and natural gas production this year, alongside unprecedented demand for natural gas and electricity. This forecast comes from the agency's latest Short-Term Energy Outlook (STEO) report, highlighting significant growth in energy output…

A court of arbitration in Kazakhstan has ruled in favour of major oil companies in a multibillion-dollar dispute with the government over environmental fines and tax claims at the Kashagan oilfield. The ruling marks a significant development in the ongoing legal battle between Kazakhstan and the oil consortium operating one…