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Energy Industry News
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Cenovus free funds flow reaches C$3.8bn as oil sands output sets record
Cenovus generated C$3.8 billion in free funds flow, raised production guidance and cut debt after record oil sands output.
Indian Oil seeks 50% stakes in VLGCs as United States LPG imports reshape shipping strategy
Indian Oil Corporation Limited is exploring partial ownership of very large gas carriers as India diversifies LPG supply beyond the Middle East. The move could improve freight security, but vessel pricing, shipping cycles and shared control will determine the returns.
Eni Q2 2026 profit doubles as Searah JV lifts production growth to 11%
Eni doubles Q2 profit to €2.3bn and lifts 2026 buyback to €3.4bn, but the raised guide leans on a Brent $85 scenario and forthcoming portfolio cash-ins.
Capital Clean Energy Carriers revenue rises 8% as charter book reaches $2.9bn
Capital Clean Energy Carriers revenue rose 8% as its charter book reached $2.9 billion, but $1.7 billion of vessel payments remains.
Ellomay Capital enters Italian battery storage with conditional 207 MWh acquisition
Ellomay Capital has signed for its first Italian battery project, adding four-hour storage to a growing solar portfolio. The strategic fit is clear, but the undisclosed price, extended closing conditions and future revenue mix leave the investment case incomplete.
TPAO joins BP-led Kirkuk redevelopment as Iraq brings Turkish and US capital into giant oil project
Türkiye Petrolleri Anonim Ortaklığı will take a 15% interest in BP’s Kirkuk project company, creating a BP, ConocoPhillips and Turkish Petroleum partnership around one of Iraq’s largest redevelopment opportunities.
ENGIE secures Rs 982cr financing for 250 MW Khaba Solar Project in Rajasthan
ENGIE has closed long-term financing for the Khaba Solar Project weeks before its targeted completion. The deal reduces funding risk, but commissioning, grid readiness and contracted cash flow remain the decisive tests.
GTT orderbook reaches €1.9bn as global LNG carrier demand accelerates
GTT secured 65 orders and built a €1.9 billion LNG backlog while preserving a 68% EBITDA margin. Explore what drives its growth.
Cronos gas project reaches FID as Cyprus targets first production in 2028
Cyprus’ first gas development will connect four deepwater wells to Egyptian processing and LNG infrastructure. Reuse lowers capital intensity, but cross-border execution and LNG economics remain critical.
CenterPoint Energy (CNP) Q2 2026 beats: Houston load queue swells to 14 GW, capex plan lifted $1.2bn
CenterPoint Energy submits 14 GW of Houston load via ERCOT Batch Zero, a 65% jump over current peak, and lifts its 10-year capex plan to $66.7 billion.