US Lifts Ban on New York Offshore Wind Project After Gas compromise

Summary Equinor resumes work on Empire Wind Had been halted by interior secretary in April Compromise on wind and suspended gas pipeline reached (Reuters) – The Trump administration has lifted…

US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says

U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of said…

Australia Tribunal Rules $2.3 Billion Santos Gas Project May Proceed

An Australian tribunal has ruled that a multi-billion gas project by Santos in New South Wales can proceed as energy and gas security outweighs potential damages to climate and an…

Saudi Crude Burn Set to Rise This Summer

Saudi Arabia’s direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as…

China Customs Data Shows Dramatic Changes in Oil Suppliers

Chinese imports of Russian crude oil slumped to below 2 million barrels per day (bpd) in April, down by 13%, while imports from Malaysia, the biggest trans-shipment hub for Iran’s…

Analyst Says Trump Essentially Walked Away from Russia-Ukraine War

Trump essentially walked away from the Russia-Ukraine war yesterday, leaving it to Putin, Zelensky, and the Pope to solve, Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB),…

  • Gas
  • May 20, 2025
Texas LNG bunker project nears final investment

Texas-based Galveston LNG Bunker Port (GLBP) – set to be the first dedicated facility of its kind on the US Gulf Coast – is targeting a final investment decision in…

  • Gas
  • May 20, 2025
Ireland eyes chips chance with ‘silicon island’ pitch

Ireland has launched a semiconductor strategy, tagging itself ‘silicon island’ as it aims to capitalise on the growth in semiconductors and the way that the global supply chain in chips…

Oil Steadies as Market Assesses US-Iran Talks, Demand Signals

(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy.…

  • Gas
  • May 20, 2025
Europe makes €1bn commitment to green hydrogen

The European Commission has selected 15 green hydrogen projects for nearly €1bn public funding following the second European Hydrogen Bank auction. Eight of the projects are in Spain, three in…