News

24 Mar, 2025

China halts US LNG imports for 40 days amid trade tensions
24 Mar, 2025

Greenpeace found liable for US$667m in Dakota Access pipeline protest case
24 Mar, 2025

AEMO’s latest gas statement highlights urgent need for new supply investments
24 Mar, 2025

Oil prices surge over 2 per cent on tighter US supplies and weaker dollar

China halts US LNG imports for 40 days amid trade tensions

24 Mar, 2025
Greenpeace found liable for US$667m in Dakota Access pipeline protest case

24 Mar, 2025
AEMO’s latest gas statement highlights urgent need for new supply investments

24 Mar, 2025
Oil prices surge over 2 per cent on tighter US supplies and weaker dollar

24 Mar, 2025

China halts US LNG imports for 40 days amid trade tensions

24 Mar, 2025

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…

Greenpeace found liable for US$667m in Dakota Access pipeline protest case

24 Mar, 2025

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…

AEMO’s latest gas statement highlights urgent need for new supply investments

24 Mar, 2025

Victorian government fast-tracks gas supply approvals amid looming shortages

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…

Oil prices surge over 2 per cent on tighter US supplies and weaker dollar

24 Mar, 2025

Oil prices tumble as US crude inventories surge and geopolitical tensions ease

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…

Libyan oil production receives boost as Mabruk field restarts after decade-long hiatus

20 Mar, 2025

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…

US energy production and consumption set to reach record highs, according to EIA

20 Mar, 2025

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…

Oil giants secure favourable arbitration rulings in Kashagan dispute

20 Mar, 2025

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…

Woodside secures 15-year LNG supply deal with China Resources Gas

18 Mar, 2025

Woodside Energy reports strong reserves growth and Sangomar success

Woodside Energy has inked a significant long-term liquefied natural gas (LNG) supply agreement with China Resources Gas, marking a major milestone in the company's expansion into the Asian market. The sale and purchase agreement (SPA) will see Woodside deliver approximately 0.6 million tonnes of LNG annually to China over a…

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