Low Oil Prices Force Billionaire Harold Hamm to Halt Bakken Drilling
If anyone is still wondering whether the Trump Administration’s goal of $50 per barrel oil price would hurt American drillers, the answer came this week from oil tycoon and wildcatter…
Germany Relaunches Major EV Subsidy Program With Billions in Funding
Two years after abruptly ending the EV subsidies due to budget constraints, Germany is returning the incentives for buying electric vehicles with federal funds of $3.5 billion (3 billion euros)…
Azerbaijan Begins Gas Deliveries to Germany and Austria
Azerbaijan’s state energy firm SOCAR has started delivering Azeri natural gas to Germany and Austria, in another milestone for Europe that looks to ditch Russian gas by 2027. SOCAR has…
EIA Sees Brent Price Dropping in 2026, 2027
The U.S. Energy Information Administration (EIA) projected that the Brent spot average price will drop in 2026 and 2027 in its latest short term energy outlook (STEO), which was released…
Gas-fired generation for data centres ‘could double by 2035’
Gas-fired generation for data centres could expand by around 30 bcm by 2030 and in high-growth scenarios, nearly double by 2035, equal to 60 bcm of incremental supply, according to…
UAE commits to supporting Nigeria LNG sector
Energy powerhouses UAE and Nigeria have signalled their intentions to collaborate in developing the west African country’s liquefied natural gas sector, among other areas. A memorandum of understanding, reportedly worth $700m, was…
Trump Orders Emergency Power Auction for Big Tech AI Data Centers
U.S. President Donald Trump is taking action to protect American consumers from soaring electricity bills with plans to direct the biggest U.S. grid operator, PJM, hold an emergency power auction…
Chevron Greenlights Major Expansion of Israel’s Leviathan Gas Field
Chevron has announced the final investment decision regarding production expansion at the giant Leviathan gas field offshore Israel. “Our decision to invest in the expansion of Leviathan’s production capacity reflects…
OPEC Boosts Oil Exports to India as Russian Flows Slump
The share of OPEC crude oil in India’s import mix surged to the highest in 11 months in December as Russian shipments dropped to the lowest in two years on…
Abu Dhabi publishes policy for CCUS
An authority in Abu Dhabi, UAE, has launched a new carbon capture policy designed to build a framework for regulation of carbon capture, utilisation, and storage activities across the emirate.…
