The US has revoked the specific license of French oil company M&P for its activities in Venezuela
Maurel et Prom, a French oil company, announced on Monday that the Office of Foreign Assets Control of the U.S. Treasury Department has revoked its specific licence to operate in Venezuela. Last week, U.S. president Donald Trump issued an order declaring any country that purchases oil or gas from Venezuela would pay a 25% duty on all trades with the United States. Former President Joe Biden’s administration granted individual companies authorizations in recent years to procure Venezuelan oil from refineries located anywhere between Spain and India, as an exception to the U.S. sanctions regime against the South American nation.
Sources say that the Energy Department may cut funding for US carbon removal hubs.
Three sources familiar with this matter have confirmed that the U.S. Department of Energy has been considering cutting hundreds of millions of dollar in grants for two projects in Texas or Louisiana, which are aimed at demonstrating commercial-scale technology to capture CO2 from the air. Direct Air Capture hubs were developed by the DOE Office of Clean Energy Demonstrations as part of the former president Joe Biden’s efforts to reduce U.S. greenhouse gases emissions. The hubs are expensive and new technology for carbon removal. The two hubs, when fully operational, could remove over 2 million metric tonnes of carbon dioxide per year.
Can Trump's drive for critical minerals pass the test of copper? Andy Home
The executive order issued by U.S. president Donald Trump on increasing domestic mineral production is designed to cut through the mine permit maze in the United States. According to S&P Global, it takes on average nearly 29 years to bring a new mine from discovery to production. This is the second longest lead time in the entire world, after Zambia. The U.S. Government is uniquely qualified to address the problem of granting permits on federal land. The Joe Biden administration had a difficult time reconciling its desire to produce more "green metals" for the energy shift with its environmental and socio-political credentials. Trump is not averse to such criticism.
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. Since Trump's inauguration in January, the federal government has provided funding for clean energy projects. As part of the "energy dominance agenda," his administration prioritizes fossil fuel production.
Bloomberg News reports that Trump will approve Venture Global LNG exports to Louisiana from the project.
Bloomberg News reported that the U.S. administration of President Donald Trump is expected to grant Venture Global LNG conditional permission to export natural gases from a proposed Louisiana plant, which was delayed under former president Joe Biden. A person with knowledge of the situation said that the Energy Department will authorize large-scale exports from CP2's project by the company as early as Wednesday. CP2 is still subject to the final approval of federal regulators. Venture Global, the White House and the U.S. Energy Department did not respond immediately to our request for comment.
The head of Trump's Energy Loan Office departs this week
The U.S. Department of Energy announced on Tuesday that the head of the U.S. Government's Energy Loans Office, which has provided funding to projects ranging from nuclear power and a sustainable aviation fuel facility supported by one of Donald Trump's Republican colleagues, will leave the agency in the coming week. John Sneed was reappointed to the position of LPO (Loan Programs Office) on January 20, to oversee the transition from the first Trump administration to the second. He will serve for a period of 30 days. His appointment was extended for another month, until March 21.
UAE's ADNOC CEO pledges US gas investment
ADNOC's international investment arm will begin investing in U.S. Natural Gas in the next few months, according to ADNOC CEO Sultan Al Jaber. The UAE is a part of OPEC+ and is one of the top oil producers in the world. ADNOC’s wholly owned international investment arm XRG, which has assets of about $80 billion, reported last week that the UAE is considering options for a XRG IPO. He told the largest gathering of energy executives ever held in Houston that "it is time to make the energy industry great again." This was a nod to the slogan Make America Great Again of U.S. president Donald Trump.
UAE's ADNOC CEO pledges US gas investment
ADNOC's investment arm will begin investing in U.S. Natural Gas in the next few months, according to ADNOC CEO Sultan Al Jaber. The UAE is a part of OPEC+ and one of world's largest oil producers. ADNOC’s fully-owned investment unit XRG, which has assets worth about $80 billion, reported last week that the UAE is considering options for a XRG IPO. He told the largest gathering of energy executives ever held in Houston that "it is time to make the energy industry great again." This was a nod to the slogan Make America Great Again of U.S. president Donald Trump. He said that XRG will be investing a lot in the United States over the next few months.
Report: Solar power will account for 84% of the new US electricity added in 2024.
A report released on Tuesday stated that solar energy contributed 84% of the new electricity generation capacity to the U.S. grid in the past year. However, the industry will face challenges with the new energy policies adopted by the U.S. government. In a report, Wood Mackenzie and the Solar Energy Industries Association (SEIA), said that the country will install 50 gigawatts of new solar power in 2024. They added that this is the largest growth year for any energy technology over the past two decades. Solar industry has been a major recipient of subsidies in the landmark climate change law passed by former president Joe Biden, Inflation Reduction Act.
Sources: Trump wants to refine minerals on Pentagon bases in order to boost US production
U.S. President Donald Trump aims to build metals refining facilities on Pentagon military bases as part of his plan to boost domestic production of critical minerals and offset China's control of the sector, two senior administration officials told . The move is one of several planned for an executive order Trump could sign as soon as Wednesday after he told the U.S. Congress last week he would "take historic action to dramatically expand production of critical minerals and rare earths here in the USA." As part of the order, the Pentagon would work with other federal agencies to install processing facilities on its bases…
Commonwealth LNG sees new interest after securing export license
The owner of the Commonwealth LNG project said that the interest in the project has increased since the export license was granted by the Trump administration last month. In February, the U.S. Department of Energy approved an LNG export license for the Commonwealth LNG project located in Louisiana. This was the first LNG export approval since former President Joe Biden had halted exports early last year to allow for environmental reviews. The approval took away a lot risks for buyers, and this is something we've been waiting for more than two years," Ben Dell said on the sidelines at the CERAWeek conference in Houston. Dell has not identified any new potential buyers.
CERAWEEK - IEA chief sees investment needed in existing oil and gas fields
Fatih Birol said that the International Energy Agency in Paris, which is headed by Fatih Birol himself, has a responsibility to invest in oil and natural gas fields for the sake of global energy security. After years of pressure from fossil-fuel advocates, the pro-drilling campaign was relaunched. He said, "I would like to be clear... that there will be a requirement for investment. This is especially true to combat the decline of the existing fields." At the CERAWeek conference on energy in Houston. He said that there was a "need for upstream oil and gas investments".
CERAWEEK - Australia's Santos will increase investment in the US due to pro energy policy - CEO
Kevin Gallagher, CEO of Santos Australia, said that the company will increase its investments in the United States due to the energy-friendly policies of President Donald Trump and his administration. Trump wants to maximize the domestic oil and natural gas production, and has reverted many of Joe Biden's policies that were meant to encourage a shift to a low-carbon economy. Gallagher, in remarks made at the CERAWeek Conference in Houston, said: "We will increase our investment in the U.S. as it is a very attractive proposition. The U.S. Gallagher…
Aramco CEO: More likely Elvis will speak than energy transition plans to succeed
Saudi Aramco's CEO said Monday that policymakers and energy executives should rethink their energy transition plans. They must stop investing in elements of the energy transition which have failed and instead rethink the entire energy transition. The remarks from the head the world's biggest oil company comes as the administration under President Donald Trump pushes for maximum oil and gas production. This is a dramatic U turn in U.S. Energy Policy after former President Joe Biden passed legislation to accelerate the shift away from fossil fuels.
US Supreme Court dismisses state climate lawsuits against oil companies
The U.S. Supreme Court on Monday rejected a bid from 19 Republican-led state led by Alabama, to stop five Democratic-led state from pursuing lawsuits against major oil companies for deceiving public about the role that fossil fuels played in climate change. The justices refused to hear a case filed directly at the Supreme Court by Republican attorneys general. This case targeted cases filed against Exxon Mobil and other companies such as Chevron, ConocoPhillips Shell, BP, Shell, ConocoPhillips. These lawsuits were brought by California, Connecticut Minnesota, New Jersey, and Rhode Island. The Supreme Court hears appeals from lower courts in almost all cases.
Russell: China's commodity imports will continue to decline until 2025 due to economic and trade concerns
China's imports have been weak in 2025. This is in line with the recent trend of a softer economy. According to data released by the official customs on Friday, imports of crude, natural gas and iron ore, as well as copper, have all decreased in the first half of this year when compared to the same period of last year. The January-February period saw a rise in coal imports compared with the same period of 2024. However, the figures were significantly lower than in November and Decemeber, indicating that China's appetite is decreasing for the fuel. China's tepid year-to-date performance is a cause for concern, particularly as tensions between the U.S.
Russell: China's commodity imports will continue to decline until 2025 due to economic and trade concerns
China's imports have been weak in 2025. This is in line with the recent trend of a softer economy. According to data released by the official customs on Friday, imports of crude, natural gas and iron ore, as well as copper, have all decreased in the first half of this year when compared to the same period of last year. The January-February period saw a rise in coal imports compared with the same period of 2024. However, the figures were significantly lower than in November and Decemeber, which suggests that China is losing interest in this fuel. China's economy is facing more uncertainty as a result of the tepid beginning of the year.
Corning and US solar manufacturers join forces to produce American-made panels
The companies announced on Thursday that Corning, a technology company, has signed a deal to produce the first solar panel made entirely of American components. The alliance between Georgia's Suniva and Corning, a panel manufacturer, is an important milestone in efforts to create a U.S. manufacturing sector for solar that can compete with China. Heliene, based in Canada, produces panels in Minnesota. Corning, through its subsidiary Hemlock Semiconductor, produces silicon wafers, polysilicon and other raw materials for the solar industry in Michigan.
US Senate confirms Trump's trade chief Greer before Canada and Mexico tariffs
The U.S. Senate voted overwhelmingly on Wednesday to confirm Jamieson Grer as U.S. trade representative, giving the veteran of Donald Trump's first term of trade wars the full authority of his new position just days before the March 4 deadline that will punish imports from Canada or Mexico with 25% tariffs. Greer's nomination was confirmed by a majority of senators, even though voting is still ongoing. Greer is a Washington-based trade lawyer and former chief of staff of the USTR Robert Lighthizer. She will take over the office at a time when Mexican and Canadian officials are trying to convince the Trump administration that the efforts they have made to secure the U.S.
US oil licenses and authorizations for Venezuela
Since the United States first imposed sanctions against Venezuela's energy industry in 2019, it has granted licenses to certain oil companies, allowing them to export Venezuela's oil into specific destinations. Washington imposed sanctions after international observers reported irregularities at elections which have kept Nicolas Maduro on the throne repeatedly. Donald Trump, the U.S. president, announced on Wednesday that he would revoke a license for a U.S. oil producer Chevron Corp. He accused Maduro of not making progress in electoral reforms or migrant return. According to data from vessel monitoring, in January crude exports via active U.S.
