EPA Set to Cancel $7 Billion in Solar Project Grants
The U.S. Environmental Protection Agency (EPA) plans to terminate $7 billion in federal grants for solar power projects in low-income communities, the New York Times reports, as the Trump Administration…
YPF Set to Buy TotalEnergies’ Shale Assets
Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the…
Suncor Beats Expectations With Q2 Results
Canadian oil heavyweight Suncor Energy reported higher-than-expected earnings for the second quarter, booking a net result of $820 million and returning over $1 billion to shareholders in the period. The company…
Analyst Says ‘Uncertainties Remain’ at BP Bumerangue Find
BP’s disclosure of the Bumerangue discovery points to a potentially material find, though uncertainties remain regarding its size and commercial viability. That’s what Obo Idornigie, Welligence SVP, Energy Trends and…
Globe valves to underpin safe and scalable liquid hydrogen production, says OPW white paper
Globe valves are expected to remain a core enabling technology for the liquid hydrogen (LH2) market as it scales up to meet demand for clean fuels, according to a new…
India’s Power Giants Are Tapping Coal Inventories as Demand Slides
Indian power generators are using more coal from inventories rather than buying new supply from Coal India amid a decline in demand for coal-powered generation. The decline resulted from higher…
Strong Crude Draw Jolts Oil Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 4.2 million barrels in the week ending August 1. Analysts had…
Trump Mulls Sanctions on Russia’s Shadow Fleet Over Ukraine Ceasefire
The Trump administration is reportedly considering new sanctions targeting Russia’s so-called “shadow fleet” of oil tankers if President Vladimir Putin fails to agree to a ceasefire in Ukraine by Friday,…
Trump Ties Putin’s War to Falling Prices
U.S. President Donald Trump said Tuesday that a further drop in energy prices could force Russian President Vladimir Putin to end the war in Ukraine. “If energy goes down enough,…
Trinidad Awards Seven Ultra-Deep Blocks to ExxonMobil
ExxonMobil and the government of Trinidad and Tobago have agreed terms under which the Caribbean nation will award seven ultra-deep exploration blocks to the U.S. supermajor, senior government officials familiar…
