By Kari Lundgren and Will Mathis A rendering of Equinor’s Empire Wind project Photographer: Eirik Hamre Clausen/Equinor The Trump administration’s surprise reversal of an order to halt a $5 billion wind energy project off the coast of New York offered some respite to a beleaguered industry whose future in the US has been in doubt. …
Trump U-Turn on $5 Billion Wind Farm Lifts Ailing Industry Read More »
China has been the driving force in the global gas market for much of the past decade. Photographer: Dimas Ardian/Bloomberg Global gas giants are betting the current lull in Chinese demand is temporary, and that the country will underpin their multibillion-dollar investments for years to come. China’s gas imports have fallen in 2025, a decline …
Global LNG Suppliers Wager That China’s Demand Slump Is Fleeting Read More »
Texas legislation from three bills has put renewable energy in the crosshairs, despite opposition from the Texas Oil and Gas Association, among others.
Elliott is pressing Phillips 66 to sell some assets to become a pure-play refiner, improve performance at its refining business and improve corporate governance.
Saudi Arabia’s crude exports in March fell to 5.754 million barrels per day (bpd) from 6.547 million bpd in February, official data showed on Wednesday. The world’s largest oil exporter’s crude output for March was at 8.957 million bpd, up from 8.947 million bpd in February. Saudi refineries’ crude throughput was at 2.944 million bpd …
Saudi Arabia Crude Exports Fall to 5.754 Million Barrels Per Day in March Read More »
Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters) – When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility – …
Energy Storage Boom Drives Battery Shift, Leaving Nickel, Cobalt Behind Read More »
Summary Previous OPEC+ attempts to slow shale oil failed US firms run out of easy fields, costs rise (Reuters) – Behind OPEC+’s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market share from the United States. …
With Output Hikes, OPEC+ Again Targets US Shale Oil Read More »
(Reuters) – With electricity demand in the United States set to hit record highs over the next two years, utilities are doubling down on assets that can boost their power generation capacity while shedding others to fund their massive spending plans. The U.S. utilities sector – which includes electric, gas and water utilities – has …
US Utilities on Dealmaking Spree to Blockbuster 2025 Read More »
(Reuters) – Iraqi Kurdistan announced deals worth $110 billion over their lifetime with U.S. firms HKN Energy and WesternZagros on Tuesday, drawing swift opposition from Baghdad’s oil ministry which deemed them “null and void”. Prime Minister Masrour Barzani announced the deals in a speech in Washington, a day after they were flagged by an adviser …
US Energy Firms’ Deals With Iraqi Kurdistan ‘Null and Void’, Baghdad Says Read More »
(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and what some analysts called a technical bounce. Gas prices fell about 7% and closed below the 200-day moving average on Monday, which some analysts said …
US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying Read More »
