Over the past couple of years, China has become the world’s largest importer of Liquefied Natural Gas (LNG), surpassing Japan as the top buyer of super-chilled gas since 2021. China’s surging LNG imports have been shaping Asian energy flows, with the country accounting for more than 40% of the continent’s …
Read More »How Trump is Stalling Solar and Wind Projects
United States President Donald Trump announced plans in July to tighten federal permitting to restrict solar and wind energy development. This follows the passing on Trump’s One Big Beautiful Bill Act, which seeks to expand the fossil fuel and nuclear power sectors while also halting renewable energy progress in the …
Read More »Too Big to Merge? Exxon and Chevron might Think so
Earlier this week, Chevron completed its acquisition of Hess Corp. It was one of the largest deals in the oil and gas space in recent history, after Exxon’s takeover of Pioneer Natural Resources, finalized in 2024. With that out of the way, the question begs to be asked: could the …
Read More »Turkey’s Hunt for Energy and Influence Sparks Global Deal Drive
From US natural gas to Southeast Asian oil and and uranium in Sub-Saharan Africa, Turkey is on a global hunt for energy and commodities, leveraging its growing foreign policy clout for an edge in the competition for resources. Ankara’s push is going full speed this year, with exploration deals signed …
Read More »Over 600 CNG Stations Provided Free Gas during 12-Day War
The 12-day war and an unprecedented surge in fuel consumption tested the resilience of Iran’s energy infrastructure and industry cohesion. Despite direct attacks on oil depots in Rey and Shahran, fuel supply continued uninterrupted, with a historic record set in product distribution. Meanwhile, over 600 CNG stations voluntarily provided free …
Read More »Iraq Ranks Second among Top Oil Exporters to US
Iraq emerged as the second-largest supplier of crude oil to the United States last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA report showed that total US crude oil imports from nine key countries averaged 5.351 million barrels per day (bpd) during the …
Read More »Why Geothermal Energy is Garnering so much Attention
Geothermal energy holds massive potential to disrupt global energy markets and provide nearly limitless and constant clean energy. Unlike solar and wind energy, which rely on climatic factors outside of human control, the heat from the Earth’s core is a steady and constant commodity. It’s just a matter of tapping …
Read More »Global Gas Flaring Surges to 17-Year High
Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue, contributing to high levels of greenhouse gas emissions. The International Energy Agency (IEA) and several state governments are aiming to achieve a global green transition, but decarbonising certain sectors, such as the …
Read More »Shale Stumbles again as U.S. Rig Count Drops Further
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday as operators continue to scale back activity amid weak prices and cautious capital spending. The total rig count in the US fell …
Read More »Oil Prices Climb amid U.S.-EU Trade Hopes and Russian Export Restrictions
Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports. Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable …
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