COMMENTARY: Why Congress’s New Budget Should Eliminate All IRA “Tax Credits” – Alex Epstein

By Alex Epstein Congress’s new budget should eliminate all IRA “tax credits” because: They are subsidies They promote inferior energy They raise energy costs They make energy unreliable They increase…

India Considers Allowing Foreign Investment in Nuclear Plants

As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources…

SLB Wraps Up Oilfield Services Quarter With Profit Miss, Cautious Outlook

Summary SLB joins rivals Halliburton and Baker Hughes in flagging caution Latin America revenue dips 10%, driven by a sharp decline in drilling in Mexico North America revenue rises 8%…

Energy Secretary Aims to Reassure Oil Bosses Amid Trade War

Chris Wright Energy Secretary Chris Wright reassured US oil companies that the turmoil from President Donald Trump’s trade war is short-term and the administration supports increased crude output. Wright predicted…

Activist Investor Elliott Pushes for Change in BP Strategy Chief and Structure

(Reuters) – Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source…

Lyondell Houston Refinery Ceased Operations in February, Company Says

(Reuters) – Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. Reuters reported on…

Russia and Iran Deepen Energy Cooperation

Iran and Russia are enhancing further their energy cooperation as Russian companies signed a deal to develop oilfields in Iran and the countries discuss the creation of a natural gas…

Canadian Drivers’ Interest in EVs Continues to Decline

Fewer and fewer Canadian consumers are considering buying an electric vehicle as their next car, an AutoTrader survey has shown.  For the third consecutive year, the share of Canadians who…

Iraqi Delegation Visits Syria for Oil Pipeline Talks

Iraq has sent a delegation to Syria to study if it could restore an oil pipeline that carried crude from Iraq via Syria to ports on the Mediterranean, the media…

  • Gas
  • April 25, 2025
UK throws down gauntlet to Net Zero critics

The UK Energy Secretary told Net Zero critics to “bring it on” as he said its government is committed to driving clean power at the close of the two-day conference…