Trump Administration Advances New California Oil Lease Plans
The Bureau of Land Management is giving California another chance to weigh in on oil and gas leasing—whether the state wants it or not. On Thursday, the BLM opened a…
Kuwait Wants Consortiums to Bid for $7 Billion Oil Pipeline Deal
Kuwait’s state oil firm, Kuwait Petroleum Corporation (KPC), has asked some of the asset management funds bidding for a stake in its oil pipeline network to tap other investors in…
Kyrgyzstan Scrambles for Backup Fuel Supplies as Russian Shortage Bites
Kyrgyzstan, which imports more than 90% of its gasoline supply from Russia, is concerned that the Russian fuel crisis could cripple supply to the Central Asian nation. Thus, the Energy…
Nigeria’s NNPC Revenue Drops in May Despite Higher Oil Output
NNPC Limited booked lower revenues in May compared to April despite the higher crude oil and condensate production, the latest monthly figures by the Nigeria’s state oil and gas firm…
India Fast-Tracks State Company Stake Sales to Cover Oil Shock Costs
India is accelerating a plan to sell stakes in major state-held companies as it looks to raise billions of U.S. dollars to plug the gap left by the oil shock…
Japanese Banks Commit $496 Million to India’s Power Grid Expansion
Japanese banks are set to provide financing of up to the equivalent of $496 million for a key grid transmission project in India under a new Asian framework on energy…
Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz
About 10 million barrels of Saudi crude have cleared the Strait of Hormuz in recent days, as supertankers continue to load oil from the Saudi port of Ras Tanura in…
AI Boom Drives Record Surge in Battery Demand
Battery demand has soared in recent months as developers of data centers and AI computing are increasingly relying on battery energy storage to manage power surges, executives at battery start-ups…
Chinese Teapots Snap Up Middle East Crude As Prices Slide
Chinese private refiners are buying Middle Eastern crude on the spot market amid falling prices, Bloomberg reported today, citing two purchases of Saudi and Emirati crude. According to the report,…
QatarEnergy extends force majeure with Edison
By 38 min ago 2 min read QatarEnergy has extended force majeure with Italy-based utility Edison, saying it will not deliver an additional four LNG cargoes schedules for the Adriatic…
