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The Price of Oil Expansion in Argentina

The Price of Oil Expansion in Argentina

Argentina's energy landscape is evolving,…

China Begins Work on Massive Afghan Copper Mine

China Begins Work on Massive Afghan Copper Mine

China and the Taliban initiate…

Armenia Deepens Western Ties with U.S. Military Drills

Armenia Deepens Western Ties with U.S. Military Drills

Armenia's deepening military ties with…

News

Major Automakers Returning to Gasoline Cars as EV Demand Slows

Major Automakers Returning to Gasoline Cars as EV Demand Slows

Jul 23, 2024 at 08:28 | Charles Kennedy

Major carmakers in the U.S. and Europe are scaling back production of electric vehicles amid overcapacity and are rethinking their ambitious EV sales goals. EV demand has visibly softened over…

Shell Looks to Sell Its Stake in Scottish Floating Wind Leases

Shell Looks to Sell Its Stake in Scottish Floating Wind Leases

Jul 23, 2024 at 07:23 | Tsvetana Paraskova

In yet another reversal of investments in green energy, supermajor Shell is looking to sell its stake in a major floating offshore wind lease it had won in a consortium…

India Waives Import Taxes on Critical Metals to Boost Green Energy

India Waives Import Taxes on Critical Metals to Boost Green Energy

Jul 23, 2024 at 06:45 | Tsvetana Paraskova

India will scrap import duties on 25 critical minerals, including lithium and copper, as it looks to boost renewable energy and ensure supply for the defense and telecommunications sectors, Indian…

Eni in Talks to Sell Minority Stake in $13-Billion Biofuel Unit

Eni in Talks to Sell Minority Stake in $13-Billion Biofuel Unit

Jul 23, 2024 at 05:39 | Tsvetana Paraskova

Italian energy major Eni said on Tuesday it had signed an exclusivity agreement with investment firm KKR to proceed with the due diligence phase in a potential sale of…

UN Task Force Rejects Carbon Credits as Emission Reduction Tool

UN Task Force Rejects Carbon Credits as Emission Reduction Tool

Jul 23, 2024 at 04:47 | Tsvetana Paraskova

A United Nations task force is opposing the idea that companies use carbon credits and offsets outside government-regulated emissions markets to claim emissions reductions, according to a draft document seen…

Australia Issues New Gas Exploration Permits

Australia Issues New Gas Exploration Permits

Jul 23, 2024 at 03:40 | Irina Slav

The Australian government has issued new offshore gas exploration permits for the country’s east and west coasts to tackle a looming supply shortage, Reuters has reported, noting Australia’s…

Oxy Set to Raise $5 Billion in Debt for CrownRock Purchase

Oxy Set to Raise $5 Billion in Debt for CrownRock Purchase

Jul 23, 2024 at 02:18 | Charles Kennedy

Occidental is planning on issuing debt worth some $5 billion to fund its acquisition of CrownRock. According to a Bloomberg report, the issue will be investment-grade and could…

Senators Introduce Bill to Shorten Approval Time of Energy and Mining Projects

Senators Introduce Bill to Shorten Approval Time of Energy and Mining Projects

Jul 23, 2024 at 01:28 | Charles Kennedy

A bill sponsored by Senate Energy Committee Chairman Joe Manchin and Senator John Barrasso proposes giving the Department of Energy 90 days to approve new LNG export projects and aims…

Indonesia Considers Russian Crude as Domestic Production Falls

Indonesia Considers Russian Crude as Domestic Production Falls

Jul 22, 2024 at 14:31 | Tom Kool

Former OPEC member Indonesia is looking to buy Russian crude for the first time in more than a decade according to anonymous sources that spoke with Reuters.

Freeport LNG Resumes Shipments As Processing Ramps Up

Freeport LNG Resumes Shipments As Processing Ramps Up

Jul 22, 2024 at 13:32 | Alex Kimani

Freeport LNG has resumed shipments of liquified natural gas (LNG) two weeks after Beryl hit the Texas coast, with processing on track to reach about half its capacity on Monday. …

Trans Mountain Corp. Arranges Bond Sale To Refinance $18B Debt

Trans Mountain Corp. Arranges Bond Sale To Refinance $18B Debt

Jul 22, 2024 at 13:03 | Alex Kimani

Trans Mountain Corp., Canada's newly expanded Trans Mountain pipeline, is arranging a bond sale to refinance part of its debt ahead of the Canadian government’s eventual sale of the oil…

Saudi Arabia, Gulf Economies To Slow Down Due To Output Cuts

Saudi Arabia, Gulf Economies To Slow Down Due To Output Cuts

Jul 22, 2024 at 11:36 | Alex Kimani

Gulf Cooperation Council (GCC) economies will grow at a considerably slower clip in the current year due to the ongoing oil production cuts, with Saudi Arabia’s economy among the hardest…

India to Apply for Deep-Sea Critical Minerals Mining in the Pacific

India to Apply for Deep-Sea Critical Minerals Mining in the Pacific

Jul 22, 2024 at 09:56 | Charles Kennedy

India plans to apply for obtaining licenses for deep-sea mining of minerals key for the energy transition in the Pacific, a senior government scientist told Reuters on Monday.  …

Russia Considers Building Oil Refinery in Cuba

Russia Considers Building Oil Refinery in Cuba

Jul 22, 2024 at 08:12 | Charles Kennedy

Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as…

Ukraine Drone Damages Russia’s Largest Black Sea Refinery

Ukraine Drone Damages Russia’s Largest Black Sea Refinery

Jul 22, 2024 at 07:37 | Tsvetana Paraskova

The Tuapse oil refinery in Russia’s Krasnodar region, the biggest Russian crude processing facility on the Black Sea, was damaged in a massive Ukrainian drone attack overnight, Russian officials and…

UK Likely to Miss Its 2030 Clean Power Goals

UK Likely to Miss Its 2030 Clean Power Goals

Jul 22, 2024 at 06:32 | Tsvetana Paraskova

The UK is poised to miss its ambitious target to decarbonize its power sector by 2030 even as it is boosting solar and wind developments, analysts say. The new UK…

Morgan Stanley Sees Oil Prices Dropping to the Mid-$70s Next Year

Morgan Stanley Sees Oil Prices Dropping to the Mid-$70s Next Year

Jul 22, 2024 at 05:41 | Tsvetana Paraskova

Oil prices are expected to drop to the mid-$70s next year amid a surplus on the market, according to Morgan Stanley. Currently, the oil market is tight and warrants the…

Middle East Tensions Rise With Houthis-Israel Standoff

Middle East Tensions Rise With Houthis-Israel Standoff

Jul 22, 2024 at 04:43 | Tsvetana Paraskova

Tensions in the Middle East ratcheted up again this weekend with Israel and the Iran-aligned Houthi movement in Yemen trading strikes and attempts at strikes.   In the early morning…

LNG Tanker Buying Spree Sparks Fear of Another Dark Fleet

LNG Tanker Buying Spree Sparks Fear of Another Dark Fleet

Jul 22, 2024 at 03:26 | Irina Slav

A marked increase in LNG tanker purchases by companies registered in the UAE has sparked concern that Russia may be building a dark fleet for the liquefied fuel, the Financial…

Woodside Snaps Up Tellurian in LNG Expansion Push

Woodside Snaps Up Tellurian in LNG Expansion Push

Jul 22, 2024 at 02:03 | Irina Slav

Australia’s Woodside Energy has struck a deal to acquire Tellurian for $1.2 billion as it seeks to turn into a “global LNG powerhouse”. The deal “adds a scalable US…

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