Pemex to Reopen Old Oil Wells to Boost Production

Mexico’s Pemex plans to reopen mature oil wells in a bid to increase production, which has been in a steady decline for years. According to a Reuters report, the Mexican…

U.S. Seeks to Downgrade Climate Risk in Global Financial Regulations

The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times…

Indonesia Looks to Buy More U.S. Fuel to Avoid Steep Tariffs

Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia…

Enbridge Tops Q1 Profit Estimates on Record Mainline Crude Volumes

Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline…

India Coal Giant Will Invest $3 Billion for Renewables, and Build 1.6-GW Coal-Fired Plant

State-owned Coal India Limited (CIL) has announced plans to invest about $3 billion to build as much as 4.5 GW of renewable energy generation capacity. The memorandum of understanding, signed…

USA EIA Lowers WTI Oil Price Forecasts

The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was…

  • Gas
  • May 9, 2025
Kingspan signs green steel deal to cut emissions impact

Ireland-based building materials firm Kingspan has signed a supply agreement with Hydnum Steel for green steel as part of its push to lower emissions across its operations and products. The…

US, Russia Explore Ways to Restore Russian Gas Flows to Europe, Sources Say

(Reuters) – With a frost covering Europe’s energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the…

Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth

(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not…

  • Gas
  • May 9, 2025
UK and Norway step up cross-border CO2 storage plans

The UK and Norway are growing their joint plans for building offshore infrastructure and reducing barriers to develop a North Sea hub for the cross-border storage of carbon dioxide. It…