Sources say India is considering scrapping the import tax on US LNG to boost purchases.
Four government and industry sources have said that India is considering scrapping the import tax on U.S. LNG to increase purchases and reduce the trade surplus, which is a major irritation for President Donald Trump. Both sides want to increase volumes in order to meet the energy needs of India's fast-growing economy.
Ecopetrol executive: We are looking to expand our in-house energy production to include wind power.
Ecopetrol, Colombia's state energy company, is looking at new investments, including purchasing projects run by multinationals to meet its own energy needs. A company vice president revealed this on Wednesday. Julian Lemos is Ecopetrol's vice president of strategy and new business.
Iraq and BP agree on four Kirkuk oil fields
Iraq and oil giant BP signed a contract to redevelop Kirkuk's four oil and gas fields. BP announced the deal on Tuesday. This is a major breakthrough for Iraq where production has been hampered by war, corruption, and sectarian tensions. The signing takes place a day before BP updates investors on its strategic plan.
BP to invest upto $25 billion in Iraqi Kirkuk oil and Gas
A senior Iraqi official said that BP will spend up to 25 billion dollars over the life of a project redeveloping four Kirkuk oil fields and gas. Baghdad is trying to win foreign investment back. If the deal is finalized, which could happen in the next few weeks, this would be a major breakthrough for Iraq.
Engine No. 1: Chevron and Engine No. GE Vernova will power US datacenters
Chevron, the world's largest energy company, announced on Tuesday that it had signed an agreement to invest with Engine No. 1 and GE Vernova will build natural gas-based energy plants in the U.S. to power co-located data centres. The announcement came just one week after U.S.
Can Trump reverse Biden's offshore oil drilling ban?
In an executive order issued on Monday, President Donald Trump revoked the ban placed by former Democratic president Joe Biden against new offshore oil-and-gas development along most of America's coasts. Trump will face legal challenges regarding his authority. What did BIDEN and Trump do?
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…
In the pro-Russian region of Moldova, thousands are left without gas or heat
Authorities said that more than 51,000 households in Moldova's pro Russian separatist enclave were without gas, and 1,500 apartment blocks had no heating for winter. Moldova and Russia have been trading blame over an escalating crisis. Transdniestria (a breakaway region…
In the pro-Russian region of Moldova, thousands are left without gas or heat
Authorities said that more than 51,000 households in the pro-Russian separatist region of Moldova were without gas, and 1,500 apartment blocks had no heat for winter. This was after Ukraine refused to renew a transit agreement last week with Russia. Transdniestria…
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which President-elect Donald Trump who has pledged to increase domestic energy production may find hard to reverse.
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which President-elect Donald Trump who has pledged to increase domestic energy production may find hard to reverse.
After gas was cut off, the power plant of the breakaway region in Moldova switches to coal
Transdniestria's main power plant has switched to coal since Russian gas supplies were halted Jan. 1. It should be able to provide electricity to residents of the breakaway region in January and Febraury, according to the leader of the region. The cutting off of Russian…
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…
Qatar's energy minister has no concerns about Trump's promise to lift LNG export caps
Qatar is not concerned about the promise of Donald Trump, U.S. president-elect, to lift the cap on LNG exports. Qatar's energy minister Saad Al-Kaabi stated on Saturday that his country will cope with any competitiveness. "And you know, even if we open up LNG, and say that we're going export another 300…
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal…
US oil industry calls on Trump to abandon Biden's climate policies
The U.S. Oil and Gas Industry on Tuesday called for President-elect Donald Trump's revocation of many policies implemented by President Joe Biden to combat climate change. They said the measures threatened jobs, consumer choices and energy security. The American Petroleum Institute…
Drone crashes into oil depot in Russia’s Stavropol Region
Vladimir Vladimirov, the local governor of Stavropol in southern Russia, said that a drone had crashed on an oil storage depot. This was the second suspected Ukrainian strike in a row on Russian energy and fuel targets. It followed a period of seven weeks after a fuel station in Tula, Russia was attacked on September 10.
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports and Ukraine's energy shortages before winter, as well as how to balance energy costs across member states. In June, the EU approved a 14th set of sanctions…
Hindustan Zinc's chairman says the company aims to switch over to renewable energy within five to seven years.
Priya Agarwal, chairperson of Hindustan Zinc, said on Tuesday that the miner plans to switch to renewable energy in five to seven years to power its operations. "We have plenty of thermal power (captive). The plant won't shut down tomorrow. It will take some time but…
Chevron CEO criticizes Biden's natural-gas policies and says fuel is essential for AI
Michael Wirth, CEO of Chevron, criticized U.S. president Joe Biden on Tuesday for "attacks" on the natural-gas industry. He also emphasized the critical role that Permian gas plays in accelerating the growth of artificial intelligence. The CEO's comments followed new…
