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Home2025

Year: 2025

Diesel

Phillips 66 Starts to Wind Down Los Angeles Area Refinery Next Week

August 28, 2025 Clark Savage

In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with […]

No Picture
ENB Pub Note

President Trump has functionally repealed the Inflation Reduction Act and the Green New Deal, but what is the down side?

August 28, 2025 Clark Savage

ENB Pub Note: Doug Sheridan on LinkedIn again hits it out of the park. The IRA has done more harm to the US economy than most people realize, and it was a wealth realignment tool […]

Big Oil Companies

Wall Street Exit Culminates in Climate Group Failure and Halts Activities

August 28, 2025 Clark Savage

In a stunning blow to global climate finance efforts, the Net-Zero Banking Alliance (NZBA)—the world’s largest climate coalition for financial institutions—has suspended its operations and is now polling remaining members on whether to dismantle its […]

Crude Oil News

Russian Refineries Under Fire: Ukrainian Drone Strikes Disrupt Key Energy Infrastructure

August 28, 2025 Clark Savage

In the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict’s economic warfare. The attacks targeted the Kuibyshev […]

Crude Oil News

Here’s What the US’ Security Guarantees For Ukraine Might Look Like – And some advice on how to end the war

August 28, 2025 Clark Savage

ENB Pub Note: This article from Andrew Korybko’s Newsletter on Substack is spot on. President Trump is running on all cylinders with his domestic team, but the wheels are off the electric school bus, the […]

Finance

Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact

August 28, 2025 Mariel Alumit

Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American […]

Chevron
Exports

Chevron, China’s ENN seal second LNG SPA

August 28, 2025 Mariel Alumit

ENN Natural Gas announced the new SPA in a statement on Wednesday. Under the 10-year deal, Chevron will deliver “multiple” LNG cargoes annually to ENN, the Chinese firm said. Are you Paying High Taxes in […]

Sempra
Exports

Sempra, EQT ink 20-year Port Arthur LNG SPA

August 28, 2025 Mariel Alumit

Under the new SPA, EQT will buy 2 million tonnes per annum of LNG for 20 years, according to a joint statement. EQT will purchase the LNG supplies on a free-on-board basis at a price […]

Hanwha
Exports

Hanwha pens deal with its US yard to build second LNG carrier

August 28, 2025 Mariel Alumit

Hanwha Ocean said on Wednesday that it has signed a contract to build one LNG carrier worth 346.6 billion won ($250 million) with its affiliate, Hanwha Philly Shipyard. The vessel is scheduled for delivery by […]

Volkswagen
Electric Vehicles

EU Carmakers Warn Combustion Engine Ban Is No Longer Feasible

August 27, 2025 Clark Savage

In a significant development for the European automotive and energy sectors, leading carmakers have declared that the European Union’s ambitious plan to ban combustion engine vehicles by 2035 is no longer realistic. This warning comes […]

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