Russia-China Gas Pipeline Could Take 10 Years to Build

The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the…

Oil Tanker Rates Skyrocket 467%

The supertanker market has tightened this year as crude supply from OPEC+ and the Americas rises and vessels make increasingly longer trips. So much has the market tightened that several…

Federal judge says Trump’s offshore wind blockade is illegal

A federal judge has vacated President Donald Trump’s executive memorandum, lifting the pause on federal permitting for wind energy projects in a ruling on a lawsuit brought by over a dozen…

Oil Price Did Not Shift on Fed Cut

In a market update sent to Rigzone by the Rystad Energy team late Wednesday, Rystad highlighted that the price of oil “[did] not shift… on the Fed’s cut”. Rystad pointed…

Gulf Capital Shifts From Fossil Fuels To Global Climate Finance With Major Renewable Investments

A new investment approach is emerging from the Gulf, one that seeks to reposition regional capital not just as a source of fossil fuel wealth, but as a major player…

HESCOM Invites Bids For 108 MW Solar Projects Under PM-KUSUM In Karnataka

Representational image. Credit: Canva Hubballi Electricity Supply Company (HESCOM) has invited bids for the development of 108 MW of grid-connected solar projects under the Pradhan Mantri Kisan Urja Suraksha evam…

Petrobras Workers Announce Nationwide Strike

Workers at Brazil’s Oil & Gas giant Petróleo Brasileiro S.A. (NYSE:PBR), aka Petrobras, have announced a nationwide strike starting December 15, terming the company’s latest counteroffer for a labor agreement…

India’s Russian Oil Imports Are Set to Hit a Six-Month High

Indian refiners are on track to buy the most Russian crude in six months this December, despite U.S. sanctions on Russia’s top two exporters that went into effect in late…

Citi Sees Oil Prices Falling to $60 in Early 2026

Citi expects Brent crude to decline further to an average $60 per barrel over the first quarter of the new year, Reuters has reported, citing the bank as expecting inventories…

REC Invites Bids For Major 765 kV Apta Transmission Project In Maharashtra

Representational image. Credit: Canva REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited, has issued a single-stage Request for Proposal for selecting a Transmission Service Provider…