Republican Rep. August Pfluger introduced a new bill Friday that would prevent the president from banning fracking nationally without the consent of Congress. [emphasis, links added] Pfluger’s “Protecting American Energy Production Act” would explicitly require […]
UAE’s NMDC Energy has won an engineering, procurement, and construction (EPC) contract worth over $1.1bn for a 111 km subsea gas pipeline offshore Taiwan. The Taiwan Power Company awarded the contract to NMDC for the […]
The UK is leading a bid to stamp out falsely flagged ships at the International Maritime Organization (IMO). In a submission to the IMO’s legal committee, backed by 21 other countries, the UK has counted […]
The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned […]
The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. If […]
Constellation Energy, the biggest owner of U.S. nuclear power plants, will buy Calpine in a cash and stock deal valued at an equity purchase price of about $16.4 billion to create America’s largest clean energy […]
Prime Minister Mute Egede has stressed that the island wants to be independent, rather than Danish or American Greenland Prime Minister Mute Egede has said he is prepared to speak with US President-elect Donald Trump, […]
Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Note: Retail price is for all formulations of regular grade gasoline. The U.S. retail price for regular grade gasoline averaged $3.30 per gallon (gal) in 2024, $0.21/gal […]
Data source: Bloomberg, L.P. Note: A front-month contract is a futures contract that is the closest to expiration. Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday […]
Western officials have told Indian companies to “carefully evaluate their exports” to Moscow to avoid being sanctioned Officials from the US and EU have urged Indian exporters to evaluate their trade with Russia carefully […]
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