The US could have boots on the ground in Ukraine — though not in the way many might expect. During a recent phone call between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, where Ukraine agreed to pause attacks on Russia’s energy infrastructure for 30 days, the idea emerged …
Read More »Biggest Indian Oil Producer Seeks to Diversify to Withstand Supply Glut
Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, plans to diversify in refining, petrochemicals, LNG trading, and renewable energy as it expects lower oil prices amid a looming crude supply glut. “Globally, we are heading to a glut …
Read More »Trump: 25% Tariff on Anyone who Buys Venezuelan Oil & Gas
U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a …
Read More »Indonesia’s $20-Billion Energy Transition Deal will Survive without the U.S.
Indonesia is plowing ahead with its $20-billion international partnership to aid its energy transition despite the U.S. exit from international climate deals and commitments to support the clean energy goals of developing countries. At the end of 2022, Indonesia, the world’s top coal exporter and heavily reliant on coal for …
Read More »Kremlin Claims Russia is not Targeting Energy Infrastructure in Ukraine
Russian President Vladimir Putin hasn’t changed his order not to strike energy infrastructure in Ukraine despite reports of Ukrainian hits on Russian energy assets, Kremlin spokesman Dmitry Peskov said on Monday. “So far, there have been no other orders from the president,” Peskov told Russian reporters who asked him if …
Read More »Analysts Expect Shell to Focus on LNG and Oil in Strategy Update
Shell is holding its Capital Markets Day on Tuesday in New York—and analysts expect Chief Executive Officer Wael Sawan to reaffirm the UK-based supermajor’s new focus on oil and gas. Shell was one of the first European majors to pivot back to oil and gas in a 2023 strategy to …
Read More »U.S.-German Startup Plans to Build Fusion Plant in Germany
Focused Energy, a U.S.-German start-up pursuing laser-driven fusion power, has signed a non-binding agreement with the largest German electric utility RWE and the state of Hessen to build a fusion research and development facility in Germany, Focused Energy’s CEO Scott Mercer told Reuters on Monday. Focused Energy plans to have …
Read More »Apollo to Partner with BP on TANAP Gas Pipeline
BP and Apollo have announced that they have reached agreements for Apollo-managed funds to purchase a 25% non-controlling stake in BP Pipelines (TANAP) Ltd – BP TANAP – the BP subsidiary that holds BP’s 12% interest in TANAP, owner and operator of the pipeline that carries natural gas from Azerbaijan …
Read More »New Oil Projects Set to Flood Market in 2025
This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the …
Read More »Iraq Seeks Floating Gas Terminals to Bridge Power Gap
Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran. The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity …
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