Siemens Divests Power Electronics Business to ABB
Siemens Gamesa is selling its power electronics business Gamesa Electric to ABB but not including its generators business in the deal.
Logan Energy Closes Gran Tierra Joint Venture Acquisition
Logan Energy Corp. paid approximately $37 million for 50% working interests in Gran Tierra’s Simonette Montney assets and will assume operatorship.
East Daley: New Pipelines Could Open Permian Floodgates
Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
U.S. Crude Stocks Fell Last Week as Exports Jumped, EIA Says
Crude inventories fell by 934,000 bbl to 421 MMbbl in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.6-MMbbl-draw.
Powerhouse: Enbridge Boosting Renewables, NatGas to Meet Surging Demand
As the need for clean and lower-carbon power grows, Enbridge is among the companies taking an all-of-the-above approach.
Oil Traders Toasting Trump Are Split on What He Means for the Market, Canada and Mexico
The US president-elect’s support for tariffs raises concerns about a trade war eroding demand, while others welcome an injection of volatility. The oil traders swarming Miami’s South Beach for three days of holiday drinking, dining and schmoozing were mostly male, mostly White and mostly united in the belief that Donald Trump will champion the industry …
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U.S. Funding Bill Includes Plan to Allow Year-Round E15 Gasoline sales
NEW YORK, Dec 17 (Reuters) – A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies. The inclusion would mark a hard-fought victory for the ethanol industry, which has wanted year-round E15 sales …
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2025 May Be Painful for Renewable Energy But Some Opportunities Exist
(Reuters Breakingviews) – On the face of it, 2025 is shaping up to be a stinker for renewable energy. The planet seems ever further from restricting global warming to a manageable 1.5 degrees Celsius level, and the election of Donald Trump as U.S. president means that the world’s biggest economy will visibly retreat from the …
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Iran’s Revolutionary Guards Extend Control Over Tehran’s Oil Exports
Summary Guards get around half of Iran’s oil export revenue, sources say China remains top buyer of Iranian oil, including from IRGC Oil trading network set up by late Quds Force boss Qassem Soleimani (Reuters) – Iran’s Revolutionary Guards have tightened their grip on the country’s oil industry and control up to half the exports …
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OPEC+ Wary of Renewed U.S. Oil Output Rise Under Trump
(Reuters) – OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group’s efforts to support prices. OPEC+ pumps about half of the world’s oil and earlier …
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