The Trump administration will shrink the time it takes to review potential land parcels on federal lands for oil and gas development by about half, to six months, the Interior Department said on Tuesday. WHY IT’S IMPORTANT The move to streamline the oil and gas leasing process aligns with President Donald Trump’s energy dominance agenda, …
US to Speed Up Oil and Gas Land Parcel Reviews for Federal Leasing Read More »
Panasonic’s decision not to expand battery production capacity has been validated by slower global demand for electric vehicles. The company is preparing to start production at a second US-based factory in Kansas, but has frozen plans for a third plant, and may benefit from having US factories as Tesla and others seek to reduce …
Panasonic CEO Says Battery Plans Align With Slower EV Demand Read More »
Bloomberg Prime Minister Mark Carney will consider altering environmental regulations to facilitate investment in major projects in Canada, including oil and gas pipelines. Carney’s plan involves using domestic oil and gas production to displace imports, increasing exports, and playing a major role in nuclear and hydroelectricity, and possibly carbon capture and storage technology. Carney declined …
By Kalea Hall DETROIT, May 13 (Reuters) – General Motors (GM.N) and battery partner LG Energy Solution (373220.KS) are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says …
GM, LG to Make New, Lower-Cost Cells for Future EVs Read More »
May 13 (Reuters) – Commodities giant Glencore (GLEN.L) finalised a deal to buy 2 million tonnes per annum (mtpa) of LNG from Commonwealth’s export facility in Louisiana, along with equivalent natural gas supply from Kimmeridge Texas Gas, the companies said on Tuesday. WHY IT’S IMPORTANT The 20-year agreement, which was initially announced last year as …
Glencore Strikes 20-Year Deal With Commonwealth LNG, Kimmeridge Read More »
By Tanay Dhumal and Curtis Williams Venture Global entire Plaquemines plant to produce LNG by end of 2025 Company plans to sell 550 LNG cargoes from CP2 project before moving to commercial operations Venture Global stock price soars almost 10% trading May 13 (Reuters) – Venture Global LNG (VG.N) shares jumped nearly 11% on Tuesday …
Venture Global LNG Shares Surge as Company Announces Plaquemines Ramp-Up Read More »
(Reuters) – Canadian Prime Minister Mark Carney, who won an election last month promising to stand up to U.S. President Donald Trump, unveiled a new cabinet on Tuesday that he said would help define a new relationship with the United States. Carney cut the number of ministers to 29 from the 39 under former Prime …
Carney Unveils Cabinet Aimed at Resetting US-Canada Ties Read More »
Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of …
Goldman Sachs Sees Upside Risk to Brent, WTI Oil Price Forecasts Read More »
Leak Detection and Repair programs are ctitical and safe
The U.S. on Tuesday imposed sanctions on a shipping network it says has sent millions of barrels of Iranian oil to China, the State Department said, days after Iran and U.S. negotiators concluded a fourth round of nuclear talks in Oman. The sale of the oil helped fund Iranian weapons and attacks by the Houthi …
US Imposes Sanctions on Network Sending Iranian Oil to China Read More »
