Rising oil production in the US, Guyana, and Brazil is challenging OPEC’s ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of […]
Tellurian issued a limited notice to proceed (LNTP) to compatriot engineering and construction giant Bechtel in March 2022. Under the first phase, Tellurian plans to build two LNG plants near Lake Charles with an export capacity of […]
Last week, both Atlantic and Pacific rates experienced a decline. “Spark30s Atlantic rates experienced a second week-on-week decrease, falling by $8,250 to $61,500 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday. He said this […]
Those responsible for the attack on Kursk Region will be “severely punished,” Russia’s ambassador in US Anatoly Antonov also said President Vladimir Putin has decided on how to respond to Kiev’s incursion into Russia’s Kursk […]
Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]
The energy regulator has announced its decision to support the implementation of transitional arrangements in the electricity connections process, following requests from the National Grid Electricity System Operator (NGESO) and the three Great Britain Transmission […]
A series of refinery outages in Chicago and Ohio have generally increased Midwest prices for petroleum products relative to the U.S. average, particularly gasoline. The outages reflect an unusual decline in refining activity near the […]
The following commentary was written by Bill Hayes, a finance executive who focuses onelectricity and environmental markets, and Joe Tedino, a Chicago-based writer focusing on the environment and sustainability. See our commentary guidelines for more information. Last month, […]
A major expansion of battery storage may be the most economical and environmentally beneficial way for Illinois to maintain grid reliability as it phases out fossil fuel generation, a new study finds. The analysis […]
Norwegian energy major Equinor and its partner Polenergia have received construction permits for both the offshore and onshore parts of the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The Bałtyk offshore wind […]
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