In July 2023, NextDecade took the final investment decision on the first three Rio Grande trains and completed $18.4 billion project financing. NextDecade awarded the $12 billion EPC contract to compatriot Bechtel and it officially kicked of work on the […]
The Russian Prosecutor General’s office is seeking over €1 billion ($1.09 billion) in damages from UK-based energy giant Shell over a failed joint venture, the Moscow Arbitration Court told the media on Tuesday. Shell walked […]
The country imported about 2.90 billion cubic meters, or about 2.2 million metric tonnes, of LNG in September via long-term contracts and spot purchases, a rise of 12.4 percent compared to the same month in […]
Gavin Newsom enacted a law empowering state bureaucrats to monitor and control inventory levels at oil refineries, aiming to prevent gas price hikes. Democratic California Gov. Gavin Newsom enacted a law Monday that will empower […]
New research by Independent Age reveals that 44% of older people in England believe that the removal of the Winter Fuel Payment will negatively impact their physical health. This comes as over 500,000 signatures are […]
U.S. coal exports from the Port of Baltimore rebounded at the end of May 2024, according to recently released data from the U.S. Census Bureau. Shipments from the port’s two coal-loading terminals had stopped for […]
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as […]
WoodMackenzie: Investments in oil and gas among the 23 biggest producers in the world are set to climb by over 60% by next year. Consolidation may be the new way of expanding asset bases because […]
Germany’s car manufacturing giant BMW is warning that an EU ban on the sale of gasoline and diesel cars from 2035 is “no longer realistic” amid slow EV sales as the European auto industry will […]
India plans a massive upgrade and expansion of its power transmission system, expecting investment opportunities of $109 billion to support the integration of renewable energy sources and storage solutions, the power ministry has said. India’s new […]
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