Namibian Uranium Production Surges as Chinese Firms Ramp Up Exploration
Namibia’s uranium output rose again in 2025, marking a third consecutive year of growth. State‑owned Chinese nuclear giants China National Nuclear Corp. (CNNC) and China General Nuclear (CGN) boosted production through their local subsidiaries, while Australian miner Paladin Energy expanded output at the revived Langer Heinrich mine. Most of the uranium is shipped to China, and CNNC has secured a majority stake in the anticipated next Namibian mine. The surge underscores Namibia’s emerging role as a key supplier to China’s nuclear fuel pipeline.
Dominion-NextEra Merger Puts US Gas in AI Driver's Seat
Dominion Energy and NextEra Energy announced a $66.8 billion merger, creating the nation’s largest utility combination. The deal blends Dominion’s natural‑gas‑centric generation fleet with NextEra’s renewable‑heavy portfolio, positioning the new entity to meet the surging electricity needs of AI‑driven data centers....
Alaska LNG Lines Up Gas Supply, But State Tax Plan Still Elusive
Alaska LNG's prospects brightened after the last major North Slope gas producer signed a 30‑year supply contract for the project's first phase, a 739‑mile pipeline. The deal provides long‑term volume certainty, a key factor for financing a $44 billion liquefaction complex....
Antares Signs Commercial Haleu Contract With Urenco
Antares Nuclear announced a three‑year agreement with enrichment specialist Urenco to provide high‑assay, low‑enriched uranium (HALEU) for its upcoming microreactor fleet. The deal secures a domestic source of HALEU, a fuel type that has been scarce for advanced nuclear designs....
Poland Targets Year-End EPC Deal for First Nuclear Plant
Poland aims to finalize an engineering, procurement and construction (EPC) contract with US firms Westinghouse and Bechtel this year to build its first nuclear power plant, a $50 billion, 3.6 GW project. Negotiations have slipped beyond the earlier mid‑2025 target as the...
Energy Intelligence Uranium Market Update: May 22, 2026
The Energy Intelligence Uranium Market Update highlights a surge in nuclear activity, with Saskatchewan advancing dual small modular reactor (SMR) projects and Poland targeting an EPC deal for its first nuclear plant by year‑end. Antares secured a commercial high-assay low-enriched...
US Oil Output Indicators — Week Ending May 22, 2025
US oil output indicators for the week ending May 22, 2025 show global crude production slipping to 92.2 million barrels per day, a four‑year low and down 15.7 million b/d since February, driven by the latest Middle‑East conflict. The United States led...
Shell Emissions Case Under Way at Dutch Supreme Court
Dutch environmental group Milieudefensie returned to the Supreme Court on Friday, demanding that Shell’s legally‑mandated emissions cuts be quantified with a specific target. The request builds on a 2021 Dutch court ruling that ordered Shell to align its global operations...
Devon Dominates Permian Lease Sale
Devon Energy captured more than half of a record $4 billion federal lease sale of oil and gas drilling rights in New Mexico and Texas. The sale, conducted by the Trump administration, represents the largest U.S. federal oil lease transaction to date....
Japan's Jera Proposes Hawaiian LNG Import Project
Japan’s utility conglomerate Jera has formally requested the start of regulatory proceedings for a liquefied natural gas (LNG) import terminal in Hawaii. The project aims to supply the islands with a stable, lower‑cost fuel source as state regulators grapple with...
Crude Prices Plunge as More Tankers Traverse Strait
Crude oil benchmarks slumped on Wednesday as a surge of tankers cleared the Strait of Hormuz, lifting concerns over supply constraints. The increased flow signaled that more Iranian and global crude could reach markets, prompting a price drop of roughly...
Market Watch: Nymex Eases Amid Moderating Weather Forecasts
June natural‑gas futures on the NYMEX slipped 11 cents to $3.004 per million British thermal units, reflecting a softening weather outlook. Gelber & Associates noted that while export demand has rebounded sharply, the domestic market lost the early‑week heat support that...
Gas and LNG Markets, May 19, 2026
On May 19, 2026, U.S. spot natural‑gas prices slipped about 5% to roughly $2.45 per MMBtu, while Asian LNG futures hovered near $10.20 per MMBtu, indicating stable demand despite a mild weather outlook. European LNG exporter netbacks rose 8% as tighter regional...
Market Watch: Heat Wave Drives Nymex to 2-Month High
June’s scorching heat wave pushed NYMEX natural‑gas futures to a two‑month high, with the prompt‑month contract closing at $3.114 per million British thermal units, up nine cents on the day. Analysts cite stronger summer cooling demand, tighter near‑term supplies, and...
Natural Gas Spot Prices, May 19, 2026
Energy Intelligence’s May 19, 2026 briefing notes that U.S. natural‑gas futures surged to an 11‑week high as an early‑summer heat wave lifts demand and war‑driven oil price spikes spur associated‑gas production. The NGSA forecasts record‑setting summer supply and demand balances, while two...
Critical Notices, May 19, 2026
Energy Intelligence’s May 19 2026 Critical Notices highlight three key developments: Qatar’s Hormuz LNG transit route is unlikely to generate steady export volumes, and senior Qatari official Al‑Kaabi cites shipping constraints as the main hurdle to reviving Qatari LNG shipments. In the...
Gas Reservation Push Raises Stakes for Australia LNG
Australia has rolled out a new gas reservation framework that could reshape LNG investment dynamics. While existing contracts remain protected, the policy’s unresolved mechanisms create uncertainty for upstream developers, exporters, and Asian buyers. Projects such as the Browse field, Beetaloo‑linked...
Unlocking LNG’s Potential Starts With Infrastructure
Mubadala Energy announced the final investment decision on the $13 billion Commonwealth LNG project in Louisiana, a 9.5 million‑ton‑per‑year export facility slated for operation by 2030. The move reflects a broader strategy of integrating upstream production, exemplified by its Caturus platform, with...
Canadian Leaders Take Step Toward New Oil Pipeline
Canada’s federal government and Alberta have signed an agreement to advance a proposed 1 million‑barrel‑per‑day oil pipeline from the province’s oil sands to the Pacific coast. The deal outlines a joint task force to streamline permitting, address land‑use issues, and coordinate...
Brent Rises as Trump-Xi Summit Fails to Yield Strait Answer
Brent crude rose on Friday as the Trump‑Xi summit failed to produce a clear plan for reopening the Strait of Hormuz. Traders grew increasingly skeptical that diplomatic talks would quickly restore oil flows through the world’s most critical chokepoint. Fresh...
NGSA: US Gas Supply, Demand to Set Records This Summer
War‑driven spikes in U.S. crude oil prices are set to trigger a surge in associated natural gas production this summer, according to a new Natural Gas Supply Association (NGSA) study. The analysis projects that total gas output will reach an...
Start-Up Eyes Gas as 'Bridge' To Carbon-Free Nuclear Generation
First American Nuclear Co. (Fanco), a new start‑up, is promoting a "bridge power" strategy that installs gas‑fired generators as a temporary source while it builds carbon‑free baseload nuclear capacity. The model intends to keep electricity supply reliable and affordable during...
Market View: Looming Heat Drives US Gas Futures to 11-Week High
Rising temperatures across the United States pushed front‑month Henry Hub natural‑gas futures to $3.00 per MMBtu, an 11‑week high. The surge reflects heightened demand for electricity‑driven cooling and concerns over already low gas inventories. Traders view the $3 level as...
Oil Prices, May 15, 2026
Canadian federal and provincial leaders reached an agreement to clear the path for a new 1 million barrels‑per‑day pipeline from the Alberta oil sands to the Pacific coast. The project, estimated at roughly $15 billion USD, would give Canada a direct export...
Russian Crude Exports Fall in First Half of May
Russian crude oil exports surged by roughly 400,000 barrels per day in April, but the first two weeks of May saw a sharp reversal as Ukrainian drone attacks disrupted shipment routes. The attacks have not only cut export volumes but...
Germany Takes New Run at Industrial Emissions With CFDs
Germany is rolling out a new carbon contracts‑for‑difference (CCFD) scheme worth €5 billion (≈$5.9 billion) to accelerate industrial decarbonisation after its first CCFD program proved undersubscribed. The initiative focuses on high‑emitting sectors such as steel, chemicals and cement, offering price guarantees for...
Baseload Solar Power Moves From Dream to Reality
A new wave of hybrid power systems that pair solar photovoltaic or wind farms with battery storage is proving capable of delivering continuous, round‑the‑clock electricity. These configurations challenge the traditional definition of baseload power, which has long excluded intermittent renewables....
IEA Sees Bigger Drop in Demand, Warns on Inventories
The International Energy Agency (IEA) has sharply cut its 2026 global oil‑demand forecast, citing a deeper, longer‑lasting economic impact from the recent Middle‑East supply crisis. The agency now expects demand to fall by an additional 1.5 million barrels per day compared...
Moscow Keeps Oil Price Forecast Flat
Russia’s Ministry of Energy reiterated its 2024 oil price forecast, keeping it flat despite a recent surge in Brent and WTI prices. The price spike is driven by heightened geopolitical risk in the Middle East, particularly concerns over navigation through...
Woodside Mounts Browse LNG Offensive
Woodside Energy is accelerating its political push for the long‑delayed Browse LNG project as Western Australia faces a key environmental decision later this year. The company argues the project is essential for the state’s energy security and export growth. Browse...
Aramco CEO Says Demand 'Rationing' Will Continue
Saudi Aramco reported a 26% jump in first‑quarter adjusted net income, reaching $33.6 billion. The profit increase came amid heightened geopolitical risk as Iran moved to close the Strait of Hormuz, a key oil transit chokepoint. CEO Amin H. Nasser said...
Washington Pushes Fuel Cost Mitigation Measures
U.S. lawmakers and the Trump administration are reviewing a suite of policies this week aimed at softening the impact of soaring fuel prices on American consumers. The measures under consideration include extending tax credits for low‑income drivers, tapping the strategic...
Mideast Turmoil Could Benefit Oil-Field Services' Big Three
The three dominant oil‑field service companies are adhering closely to their 2024 capital‑expenditure guidance, yet they remain ready to boost spending if compelling projects surface. Higher crude prices are prompting operators to accelerate upstream initiatives, which in turn lifts demand...
US Shale Producers Report Muted Fuel Price Impacts
U.S. shale operators say diesel price spikes from the Middle East conflict have had only a muted effect on their costs. The limited impact is attributed to a recent shift toward electric‑drive and dual‑fuel drilling rigs. These newer rigs reduce...
Market Watch: June Nymex Climbs as Forecasts Warm
June NYMEX natural‑gas futures jumped 15.3¢ to $2.91 per million British thermal units, marking a notable intraday gain. Gelber & Associates said the market still feels like a shoulder‑season but the demand mix is improving where it matters most. An...
Gas and LNG Markets, May 8, 2026
The May 8 Energy Intelligence roundup highlights a surge in U.S. gas demand as summer travel and AI‑driven data centers push prices to post‑2022 highs. A landmark $66.8 billion Dominion‑NextEra merger signals utility consolidation aimed at capitalising on that demand. Meanwhile, supply...
Mideast Disruption Hits 1 Billion Barrel Milestone
Energy Intelligence estimates that the ongoing war in the Middle East has removed roughly one billion barrels of crude oil, petroleum products and other liquids from global markets, based on shipping data analysis. The disruption reflects a combination of port...
Cheniere Logs $3.5B ‘Paper’ Loss Despite Record Cargoes
Cheniere Energy reported a $3.5 billion net loss for Q1 2026, even though it shipped a record volume of liquefied natural gas. The loss reflects the impact of volatile international LNG prices amid heightened geopolitical tension from the Middle East war. Despite...
Market View: Elevated Storage Levels Keep Lid on US Gas Futures
US natural gas futures rose to a three‑week peak on May 4, driven by signs of market tightening. However, abundant gas inventories kept the June NYMEX contract from breaking the $2.80 per MMBtu resistance level. Storage volumes remain well above the...
Market Watch: June Nymex Sinks Amid LNG Plant Maintenance
June Nymex natural‑gas futures slipped 1.2 cents to $2.757 per million Btu as demand softened. The Energy Information Administration reported a 7% weekly drop in LNG feed‑gas consumption, driven by maintenance at Corpus Christi, Cameron LNG and Calcasieu Pass. Meanwhile,...
Natural Gas Spot Prices, May 8, 2026
The request contains no actual article content—only navigation elements, share links, and a login prompt—so there is no information to summarize about natural gas spot prices on May 8, 2026.
Iraq’s Maiden LNG Terminal Facing Delay as FSRU Heads to Jordan
Iraq’s inaugural liquefied natural gas (LNG) terminal has been pushed back to 2027 because of ongoing Middle‑East hostilities. The floating storage and regasification unit (FSRU) originally slated for the Basrah project will instead be chartered to Jordan’s National Electric Power...
Eni's New Indonesia Find Will Anchor Third Regional Gas Hub
Eni announced plans to fast‑track a third gas production hub in Indonesia’s Kutei Basin after a successful drill test at its newly discovered Geliga field. The hub will become part of the Eni‑Petronas Searah regional satellite, leveraging existing infrastructure. The...
Australia Confirms Domestic Gas Reservation Policy From 2027
Australia confirmed a domestic gas reservation policy effective July 2027, requiring exporters to set aside a portion of production for the local market. The government abandoned a previously considered 25 % gas tax, easing fiscal pressure on producers. The policy aims to...
Norway Launches Bid Round, Approves Mature Gas Fields' Revival
Norway announced a fresh offshore licensing round while approving the restart of three mature gas fields, signaling a decisive push to boost domestic production. The revived fields are expected to add roughly 2 billion cubic metres of gas per year, reinforcing...
US Offers Concessions in Renewed Iran Talks, But Is It Enough?
The United States and Iran have exchanged new, consolidated wish lists encapsulated in a one‑page, 14‑point memorandum. The document frames a prospective deal to end the ongoing Middle East conflict, lays groundwork for more detailed nuclear negotiations, and aims to...
Alaska Wrestles Over Tax Regime for Massive LNG Export Project
Alaska lawmakers are debating a sweeping overhaul of the state tax code to make the $44 billion Alaska LNG export terminal and its 807‑mile pipeline more financially viable. The proposed changes aim to lower the tax burden on the project, which...
US, Gulf Nations to Force UN Vote on Hormuz Toll
Washington is spearheading a United Nations Security Council resolution demanding that Iran lift its blockade of the Strait of Hormuz and cease collecting tolls for vessel passage. The proposal aims to protect a critical chokepoint that handles roughly a fifth...
Comparative Fuels, May 5, 2026
Energy Intelligence’s May 5, 2026 Comparative Fuels report presents a snapshot of U.S. energy commodity prices expressed on a $ per MMBtu‑equivalent basis. The table ranks natural gas, coal, crude oil and electricity, highlighting that gas traded near $3/MMBtu while coal hovered around...
Oil Prices Slide as Mideast Ceasefire Holds Despite Attacks
Oil futures and refined product prices slipped on Tuesday as the market absorbed mixed signals from the Middle East. Washington reiterated that the cease‑fire between Israel and Hamas remains intact, even as Iranian forces launched multiple attacks on U.S. naval...