Stonepeak to Become Castrol Majority Owner

BP PLC has signed a deal to sell 65 percent of the Castrol lubricants brand to Stonepeak Partners LP, toward its divestment aim of $20 billion by 2027, the companies…

Iraq Pulls the Plug on Iranian Gas

Iraq on Tuesday announced a complete suspension of natural gas imports from Iran, a move the electricity ministry said immediately knocked between 4,000 and 4,500 megawatts off the national power…

US Tells UN it Will Deprive Venezuela’s Maduro, Drug Cartel of Resources

(Reuters) – The United States told the United Nations on Tuesday it will impose and enforce sanctions “to the maximum extent” to deprive Venezuelan President Nicolas Maduro of resources as…

US Drillers Add Oil, Gas Rigs For First Time in Three Weeks, Baker Hughes Says

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed…

Sanctioned Ships Still Loading Venezuelan Oil Despite U.S. Blockade

At least half a dozen sanctioned tankers have loaded oil from Venezuela since December 11, when the U.S. escalated the pressure on Venezuelan oil exports, Bloomberg reported on Tuesday, quoting…

U.S. Ready for Partnership in India’s Nuclear Energy Industry

The United States has expressed willingness to cooperate with India in the nuclear energy sector as Asia’s second-largest economy opens its civil nuclear industry to private investment and foreign participation.  …

Sweden’s Vattenfall Seeks State Funding for New Nuclear Reactors

Sweden’s power giant Vattenfall announced on Tuesday it is applying for state aid for an investment in small modular reactors (SMRs) as part of a plan by industrial giants to…

Trump Admin Pauses Five Offshore Wind Projects

The United States Interior Department on Monday suspended five offshore wind leases under construction effective immediately, citing security risks identified in “classified reports”. The leases are Dominion Energy Inc’s 2,600-megawatt…

Japan Launches $1.3 Billion Investment Scheme for Clean Power Users

Japan will provide investment subsidies of a total of $1.3 billion (210 billion Japanese yen) over five years to companies using only clean power, as the world’s fifth biggest carbon…

China Aims for 15 Gigawatts of Solar Thermal Power by 2030

China looks to accelerate solar thermal power development in a new policy roadmap unveiled on Tuesday, with plans to have as much as 15 gigawatts (GW) of such installed capacity…