US considers cutting funding to four of seven hydrogen hubs
According to a source familiar with the issue, the U.S. Department of Energy has considered cutting funding to four of seven hubs for hydrogen that were chosen under a $7-billion federal program. The hubs are part of the effort by former President Joe Biden to decarbonize U.S. economics. They aim to boost the production of clean hydrogen and the infrastructure required to deliver it to industrial users such as steelmakers and Cement plants.
Trump hosts top US oil executives as trade wars threaten
Donald Trump, the U.S. president, will be hosting top oil executives in the White House this Wednesday to discuss plans for boosting domestic energy production amid falling crude prices and trade wars. This will be Trump's first meeting with oil and gas executives since he returned to the White House in January for his second term. According to a source familiar with planning the event, it will include members of American Petroleum Institute (API)'s executive committee.
CERAWEEK - Mexico's Pemex prioritises refining while diverting heavy oil from the Gulf
Margarita Perez of PMI, Mexico's company that handles trading, said Tuesday that Pemex, Mexico's state-owned oil company, expects to divert barrels of heavy crude from U.S. Gulf Coast refining companies as it ramps up its Olmeca refinery. Pemex began prioritizing refining in favor of its traditional export markets around six years ago, when the previous Mexican government sought to increase domestic supplies…
Naftogaz: Norway will finance Ukrainian gas purchases
Norway will finance Ukrainian purchases of natural gas from its country, Ukraine's Naftogaz said on Tuesday. This comes against a backdrop of an increase in Ukrainian imports, as the war between Russia is affecting the energy system of the country. The aid is part of an overall 380 million euro package ($400 million), financed by the European Bank for Reconstruction and Development. Its goal is to boost Ukraine's energy independence.
Ecopetrol, Colombia records the largest increase in oil and gas reserves proven in three years
Ecopetrol, the company owned by Colombia's majority government, reported that its proven oil and natural gas reserves increased to 1,89 billion barrels equivalent in 2024. In recent years, the country's oil reserves and gas reserves has become a hot topic in politics as fears about energy independence have grown due to dwindling supplies of gas. Chief Executive Ricardo Roa stated…
Ukraine has the potential to store and buy LNG from US
Ukraine's foreign minister stated on Wednesday that Ukraine and other European countries have the ability to purchase and store liquefied gas (LNG), which is produced by the United States, in Ukraine. This could increase Europe's energy independence as transit routes from Russia are ending. The Ukraine, which was invaded three years ago by Moscow, was once an important pipeline…
Mexico's Pemex, billionaire Slim renegotiate deepwater gas project
Five sources with knowledge of the situation said that the team of Mexican billionaire Carlos Slim and the state energy company Pemex were discussing significant changes to the deal to develop Mexico's first deepwater gas field. Grupo Carso, Slim's Mexican holding firm, signed a partnership agreement with Pemex last year in order to jointly develop the Lakach oil field in the Gulf of Mexico.
Hapoalim provides $1.5 billion to Dalia Energy for a new power plant
Dalia Energy, an Israeli company, announced on Thursday that it had signed a loan agreement with Bank Hapoalim for 5.3 billion Shekels ($1.5billion) to fund the construction of a brand new power plant. The deal, which is non-binding, is intended to fund the construction of a new power plant with a capacity of up to 850 megawatts at the site of Ashdod's current Eshol Power Station.
Russia launches new missiles at Ukraine and targets its gas infrastructure
Russia has launched another barrage of drones and missiles against Ukraine, this time targeting the gas infrastructure in western regions. This is the latest attack on Ukraine's crippled power system just as winter approaches. Volodymyr Zelenskiy, the president of Ukraine, said that Russian forces used over 70 drones and 40 missiles in the morning's attack. He said that Ukrainian air defences had shot down 30 missiles or more. "Another massive Russian assault.
Iberdrola Gets Portugese Nod for Wind Farm Start
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal.Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around €350 million, this project reinforces Iberdrola's commitment to environmental goals, being the first to combine wind and hydro energy.
Trump Energy Pick writes ESG report praising oil and gas, while downplaying climate worries
According to a report that he wrote as the CEO of oilfield service company Liberty Energy, Donald Trump's nominee to head the Energy Department believes fossil fuels will end world poverty. He says this is a bigger problem than the "distant threat" of climate change. Chris Wright stated in a February report entitled "Bettering Human Lives" that the energy transformation has not yet begun…
Colombian court reverses order to suspend gas well off Caribbean coast
On Wednesday, a Colombian court overturned a previous court order that was issued last month, which had suspended operations at Sirius-2 (formerly known as Uchuva-2), a major offshore gas well. The ruling was issued on October 29, following a complaint from Indigenous communities that their way of living would be negatively affected by the development of the well. Industry groups…
Indonesia targets increased liquefied gas production, regulator says
Indonesia wants to increase its liquefied gas production by 1 million tons per year in order to reduce the amount of cooking fuel imported, said the head of Indonesia's upstream oil regulator on Tuesday. The new president Prabowo Subianto has pledged that he will achieve energy independence through biofuels and oil and gas production. He cited the rising geopolitical uncertainty which could affect supply.
Prabowo wants to increase Indonesia's energy independence through biofuels and oil and gas reforms
Officials have stated that Indonesia's new Government aims to revitalize oil and gas production. They plan to reduce regulations, reactivate inactive wells, and increase output in producing assets to reverse a decades-long drop in output.The new president, Prabowo Subianto, took his oath on Sunday. He also plans to continue the efforts of the previous administration to exploit the massive gas finds in South Andaman…
Iraq wants U.S. gas investment as part of new energy-independence projects
He announced that Iraq will offer 10 gas exploration block to U.S. firms during a visit to the United States by Oil Minister Hayan Abdul-Ghani. Baghdad is trying to bring U.S. investors into its energy sector after previous rounds of licensing where Chinese firms dominated the available fields. Iraqi state-run media announced that the 10 gas blocks left unclaimed after six licensing rounds will be offered in a fresh bidding round.
First tender for investment in wind and solar plants seeks to attract Moldovan investors
Moldova has launched its first bid for wind and solar energy plants as part of its efforts to reduce its dependence on Russian power. "Opening the market to investors for renewable energy development is another important step in ensuring greater security of energy for Moldova," said Energy Minister Victor Parlicov. The development of renewables is a step towards achieving energy independence in Moldova.
USA Ups BOEM Offshore Wind Budget
The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore wind.The FY 2021 budget includes approximately $26.5 million to advance offshore renewable energy development.In recognition of the role renewable energy can play in securing the Nation’s energy independence and supporting economic growth…
US Nearing Energy Independence
In just a few months, the U.S. will be fully energy independent and by 2030, the country's total primary energy production will outpace primary energy demand by 30 percent.According to the Norwegian market research consultancy Rystad Energy, this milestone follows a strong period of growth in both hydrocarbon and renewable resources."We forecast that the US will have primary energy surplus – and not a deficit – by February or March 2020…
DTEK to Develop the Zinkivska Block
DTEK Oil&Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history. Subsequent to signing the PSA, the company will invest over $37 million into the development of Zinkivska block.DTEK Oil&Gas plans to reanalyze previously attained data from dynamic gas studies, 3D wide-azimuth seismic studies as well as drill three prospecting wells.
Trump Nominates Brouillette as New Energy Secretary
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.If confirmed by the Senate, Brouillette will replace Rick Perry, who said last month he would step down by the end of the year. He is expected to keep advancing Trump's policy of maximizing oil…
