Ukraine’s intensified bombing campaign against Russian refineries over the last month is creating a severe fuel crisis in Russia while simultaneously having negative repercussions for the environment. The crippled refining capacity is forcing Russia to […]
Eni, the Italian energy giant, has officially approved a $7.2 billion investment to build a new floating liquefied natural gas (LNG) export plant—Coral Norte—in Mozambique. This landmark decision not only doubles Mozambique’s LNG export capacity […]
In the rapidly evolving energy landscape of 2025, a critical shortage of gas turbines is raising eyebrows across the industry. These turbines, essential for natural gas-fired power plants, are in short supply due to limited […]
Wall Street rediscovers that oil and gas are a much better market than renewables. The world is short Trillions of dollars of investments just to meet decline curves, and the oil and gas companies in […]
The Iraq-Turkey oil pipeline, also known as the Kirkuk-Ceyhan pipeline, transports crude oil from Iraq’s northern Kurdistan region to the Mediterranean port of Ceyhan in Turkey. It was originally built in the 1970s and has […]
In a significant development shaking up the energy and petrochemical sectors, Warren Buffett’s Berkshire Hathaway Inc. is reportedly on the verge of acquiring OxyChem, the petrochemical division of Occidental Petroleum Corp., for approximately $10 billion. […]
In a move that underscores the Trump administration’s commitment to fiscal responsibility and energy priorities, the U.S. Department of Energy (DOE) has announced the termination of 223 energy projects, canceling approximately $7.56 billion in federal […]
Data source: U.S. Energy Information Administration, State Energy Data System Data values: Total energy consumption by end-use sector and primary energy consumption by source In 2023, Texas consumed more energy than any other state. Total energy consumption in Texas was […]
The WSJ writes, automakers are scrambling to unload lingering EVs on dealer lots around the country, now that a $7,500 tax credit that juiced EV sales for years has expired. The EV credit, which expired […]
In a bold address to the United Nations General Assembly last week, President Donald Trump lambasted international climate agreements and green energy initiatives, calling them “job-killing schemes” that hinder economic growth and energy independence. Trump’s […]
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