Trending News: Ukraine Hits Another Russian Refinery as Fuel Crunch WorsensChina’s Top Refiner Seeks Transformation amid Falling Fuel SalesHormuz Crisis Boosts Appeal of $42-Billion Tanzania LNGChina Defies U.S. Economic D-Day against IranJPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNGJapan Holds Off on New Oil Reserve Release Despite September Import DropIndia’s Crude Import Bill Surges as Hormuz Shipping Rates SoarMalacca States Vow to Keep Asia’s Busiest Shipping Route OpenEquinor Eyes Major Oil Discovery Offshore NamibiaJapan’s Air Water buys 35% stake in Taiwan semiconductor gas supplierJapan’s Air Water takes 35% stake in Taiwan semiconductor gas supplierIndia Daily: NTPC REL Secures 500 MW, POWERGRID Tenders 265 MW BESS, RE Generation Crosses 38,497 MU, REC Transfers Luhri SPV, OREDA Tenders Rooftop Solar, POWERGRID Wins ₹822.91 Cr Project, KELTRON Tenders Solar ProjectsEquinor considers putting more wind into East Africa LNG sailsCube Green Energy Appoints Dr Felix Grolman as Executive Chair to Drive European Renewable Energy GrowthBuilding the Grid for India’s Next Energy Era: Amit Dutta on Transmission, Renewables and EngineeringUS CO2 outlook: Recent shifts in CCUS activityGameChange Energy Commissions Tracker System at 23 MWp Dannevirke Solar Farm in New ZealandGoldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter SupplyTotalEnergies Backs Two Major Oil Pipelines to Bypass HormuzTreasury Expands Iran Sanctions Without Targeting Major Chinese BanksIran Threatens Retaliation as U.S. Widens SanctionsAnalysts Examine Latest USA Measures Against IranJapan trial targets high-purity CO2 recovery from sewage sludgeGlobal Solar Energy Market to Nearly Double to $974.7 Billion by 2031: BCC ResearchMemory pricing and AI to drive semiconductor growthAircapture and NGK test ceramic DAC system in JapanWill the US ‘economic D-Day’ work with Iran?Xudabao control room simulator commissionedMyanmar SMR site work ‘could start in 2027’Criticality testing milestone for Westinghouse’s eVinci reactorCore Power teams up with US Administration on maritime nuclearNorway Takes Oilfield Climate Battle to Supreme CourtEquinor and Aker BP Make New North Sea Gas DiscoveryRussia Scrambles to Restore Fuel Supplies as Refineries Resume OperationsTexas Oil Regulator Elects New ChairmanDry ice quality concerns build case for local productionUS–Canada tariffs row set to impact CO2, cement and electronics supply chainsExxon Eyes Shell’s $8 Billion U.S. Chemicals BusinessIran Unveils Huge New Gas Discovery Amid U.S. Economic PressureNorway Vows to Keep Drilling for Oil and Gas in the ArcticJapan Power Prices Surge to Highest Since 2023LNG terminal resumes supply in Bangladesh after shortageUK energy sector urged to be on cybersecurity guard from Iran threatsEnviromena Begins Construction of Longpasture Solar Farm, Its Second-Largest UK Project, Targeting 2027 EnergisationIndian Green Energy Stocks Show Mixed Performance Amid Market Weakness (24 August 2026)Aker Solutions to accelerate CCS and CDR with MicrosoftMPA Completes 780,000 kWh Solar Power System At Singapore’s Marina South PierSolar SG Targets Next Growth Phase as Singapore Raises Solar Capacity Goal to 3 GWp by 2030ACWA Signs Storage Services Agreements for 1.5 GW/6 GWh BESS Projects in Saudi ArabiaLithuania approves EIA programme for Klaipėda CO2 terminalTankers Wait a Month as Venezuela Hits an Oil Export CeilingIraq Wants to Double Oil Output—and Needs OPEC to Get Out of the WayOil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’Hormuz Tanker Traffic Slumps as U.S. and Iran Trade ThreatsBrent Sees Another Volatile Month of TradingUS brewery records $100,000 loss from CO2 supply shortagesQatar ‘cuts government budget’ as LNG income collapsesIndia Boosts Battery Investment to Cut Solar Power WasteAtomic Eagle reaches agreement on Niger uranium projectHungary plans new climate law, as Paks ramps upReactors installed on nuclear-powered icebreaker Leningrad‘New realities’ for Kazatomprom as demand acceleratesIranian Oil Supply to China Is Rapidly Drying UpNigeria Eyes $50 Billion Offshore Oil and Gas Investment BoomEast African Nations Offered 30% Share of Dangote’s Kenya Mega-RefinerySaudi Oil Exports from Mediterranean Soar with Shuttles North to Avoid HouthisUkrainian Drone Attack Hits Lukoil Refinery Deep in Russia China’s Teapots Look Beyond Iranian Oil amid U.S. BlockadeCourt Upholds Trump Admin Order to Restart SYUWhisky waste-to-biomethane plant to meet 4% of Scotland’s gas demandCCS projects could put pressure on US Midwest CO2 supplyCO2 tightness hits US Southeast as brewers halt productionCO2 tightness hits US Southeast as brewers halt productionCO2 tightness hits US Southeast as brewers halt productionUS end users should embrace RNG as a source of CO2US end users should embrace RNG as a source of CO2Weekly Tech Insights: LONGi Advances Hi-MO X10 & Hi-MO 9, Growatt Explores Floating Solar, JinkoSolar Expands Sunny 365 Solar-Storage, Hoymiles Powers Rooftops with MIT-5000-8TChina Is Squeezing India Out of Russia’s Oil TradeWashington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel CostsOil Prices Head for Second Straight Weekly Gain as Iran Risks MountAustralia’s Beetaloo Shale Basin Is About to Start Pumping GasChina’s Oil Imports Set to Rebound as Refiners Hunt for New SupplyGreen Energy Stocks Show Mixed Performance As Indian Markets Trade Flat (21 August 2026)US AFET credit for LNG tankers under scrutinyUS AFET credit for LNG tankers under scrutinyUS AFET credit for LNG tankers under scrutinyMalaysia Revises NEM 3.0 Rules For Residential And Government Solar InstallationsSpark Raises €2 Million To Expand Off-Grid Solar Access Across Sub-Saharan AfricaUK’s Grosvenor Farms invests in biogas and biomethaneSaudi Arabia Signs Four BESS Agreements Worth SAR 4.35 Billion For 2,000 MW Storage CapacityBajel Projects’ AGPOPL Wins Gujarat TBCB Project for 270 km of 765 kV Transmission LinesCan era of US LNG abundance boost global energy security?Continental Resources Expands Permian FootprintUr-Energy makes first shipment from Wyoming uranium projectOil prices rise toward $94 as U.S. prepares new Iran economic measuresIAEA project focuses on research reactor testing of fuels and materialsDoosan Enerbility contracted for Natrium componentsRussia plans to add 30 GW nuclear capacity, expand exportsBlue Ghost to carry nuclear power source to the MoonCoking Coal Prices Surge 25%, Squeezing India’s Steelmakers
Wed. Aug 26th, 2026
Trending News: Ukraine Hits Another Russian Refinery as Fuel Crunch WorsensChina’s Top Refiner Seeks Transformation amid Falling Fuel SalesHormuz Crisis Boosts Appeal of $42-Billion Tanzania LNGChina Defies U.S. Economic D-Day against IranJPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNGJapan Holds Off on New Oil Reserve Release Despite September Import DropIndia’s Crude Import Bill Surges as Hormuz Shipping Rates SoarMalacca States Vow to Keep Asia’s Busiest Shipping Route OpenEquinor Eyes Major Oil Discovery Offshore NamibiaJapan’s Air Water buys 35% stake in Taiwan semiconductor gas supplierJapan’s Air Water takes 35% stake in Taiwan semiconductor gas supplierIndia Daily: NTPC REL Secures 500 MW, POWERGRID Tenders 265 MW BESS, RE Generation Crosses 38,497 MU, REC Transfers Luhri SPV, OREDA Tenders Rooftop Solar, POWERGRID Wins ₹822.91 Cr Project, KELTRON Tenders Solar ProjectsEquinor considers putting more wind into East Africa LNG sailsCube Green Energy Appoints Dr Felix Grolman as Executive Chair to Drive European Renewable Energy GrowthBuilding the Grid for India’s Next Energy Era: Amit Dutta on Transmission, Renewables and EngineeringUS CO2 outlook: Recent shifts in CCUS activityGameChange Energy Commissions Tracker System at 23 MWp Dannevirke Solar Farm in New ZealandGoldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter SupplyTotalEnergies Backs Two Major Oil Pipelines to Bypass HormuzTreasury Expands Iran Sanctions Without Targeting Major Chinese BanksIran Threatens Retaliation as U.S. Widens SanctionsAnalysts Examine Latest USA Measures Against IranJapan trial targets high-purity CO2 recovery from sewage sludgeGlobal Solar Energy Market to Nearly Double to $974.7 Billion by 2031: BCC ResearchMemory pricing and AI to drive semiconductor growthAircapture and NGK test ceramic DAC system in JapanWill the US ‘economic D-Day’ work with Iran?Xudabao control room simulator commissionedMyanmar SMR site work ‘could start in 2027’Criticality testing milestone for Westinghouse’s eVinci reactorCore Power teams up with US Administration on maritime nuclearNorway Takes Oilfield Climate Battle to Supreme CourtEquinor and Aker BP Make New North Sea Gas DiscoveryRussia Scrambles to Restore Fuel Supplies as Refineries Resume OperationsTexas Oil Regulator Elects New ChairmanDry ice quality concerns build case for local productionUS–Canada tariffs row set to impact CO2, cement and electronics supply chainsExxon Eyes Shell’s $8 Billion U.S. Chemicals BusinessIran Unveils Huge New Gas Discovery Amid U.S. Economic PressureNorway Vows to Keep Drilling for Oil and Gas in the ArcticJapan Power Prices Surge to Highest Since 2023LNG terminal resumes supply in Bangladesh after shortageUK energy sector urged to be on cybersecurity guard from Iran threatsEnviromena Begins Construction of Longpasture Solar Farm, Its Second-Largest UK Project, Targeting 2027 EnergisationIndian Green Energy Stocks Show Mixed Performance Amid Market Weakness (24 August 2026)Aker Solutions to accelerate CCS and CDR with MicrosoftMPA Completes 780,000 kWh Solar Power System At Singapore’s Marina South PierSolar SG Targets Next Growth Phase as Singapore Raises Solar Capacity Goal to 3 GWp by 2030ACWA Signs Storage Services Agreements for 1.5 GW/6 GWh BESS Projects in Saudi ArabiaLithuania approves EIA programme for Klaipėda CO2 terminalTankers Wait a Month as Venezuela Hits an Oil Export CeilingIraq Wants to Double Oil Output—and Needs OPEC to Get Out of the WayOil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’Hormuz Tanker Traffic Slumps as U.S. and Iran Trade ThreatsBrent Sees Another Volatile Month of TradingUS brewery records $100,000 loss from CO2 supply shortagesQatar ‘cuts government budget’ as LNG income collapsesIndia Boosts Battery Investment to Cut Solar Power WasteAtomic Eagle reaches agreement on Niger uranium projectHungary plans new climate law, as Paks ramps upReactors installed on nuclear-powered icebreaker Leningrad‘New realities’ for Kazatomprom as demand acceleratesIranian Oil Supply to China Is Rapidly Drying UpNigeria Eyes $50 Billion Offshore Oil and Gas Investment BoomEast African Nations Offered 30% Share of Dangote’s Kenya Mega-RefinerySaudi Oil Exports from Mediterranean Soar with Shuttles North to Avoid HouthisUkrainian Drone Attack Hits Lukoil Refinery Deep in Russia China’s Teapots Look Beyond Iranian Oil amid U.S. BlockadeCourt Upholds Trump Admin Order to Restart SYUWhisky waste-to-biomethane plant to meet 4% of Scotland’s gas demandCCS projects could put pressure on US Midwest CO2 supplyCO2 tightness hits US Southeast as brewers halt productionCO2 tightness hits US Southeast as brewers halt productionCO2 tightness hits US Southeast as brewers halt productionUS end users should embrace RNG as a source of CO2US end users should embrace RNG as a source of CO2Weekly Tech Insights: LONGi Advances Hi-MO X10 & Hi-MO 9, Growatt Explores Floating Solar, JinkoSolar Expands Sunny 365 Solar-Storage, Hoymiles Powers Rooftops with MIT-5000-8TChina Is Squeezing India Out of Russia’s Oil TradeWashington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel CostsOil Prices Head for Second Straight Weekly Gain as Iran Risks MountAustralia’s Beetaloo Shale Basin Is About to Start Pumping GasChina’s Oil Imports Set to Rebound as Refiners Hunt for New SupplyGreen Energy Stocks Show Mixed Performance As Indian Markets Trade Flat (21 August 2026)US AFET credit for LNG tankers under scrutinyUS AFET credit for LNG tankers under scrutinyUS AFET credit for LNG tankers under scrutinyMalaysia Revises NEM 3.0 Rules For Residential And Government Solar InstallationsSpark Raises €2 Million To Expand Off-Grid Solar Access Across Sub-Saharan AfricaUK’s Grosvenor Farms invests in biogas and biomethaneSaudi Arabia Signs Four BESS Agreements Worth SAR 4.35 Billion For 2,000 MW Storage CapacityBajel Projects’ AGPOPL Wins Gujarat TBCB Project for 270 km of 765 kV Transmission LinesCan era of US LNG abundance boost global energy security?Continental Resources Expands Permian FootprintUr-Energy makes first shipment from Wyoming uranium projectOil prices rise toward $94 as U.S. prepares new Iran economic measuresIAEA project focuses on research reactor testing of fuels and materialsDoosan Enerbility contracted for Natrium componentsRussia plans to add 30 GW nuclear capacity, expand exportsBlue Ghost to carry nuclear power source to the MoonCoking Coal Prices Surge 25%, Squeezing India’s Steelmakers
Wed. Aug 26th, 2026

Venezuela Needs to “Rewire” Fiscal System to Attract Investment, ConocoPhillips CEO Says

venezuela refinery 1200x810

(Reuters) – Venezuela needs to “completely rewire” its fiscal system to attract new investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country’s oil industry in the wake of President Nicolas Maduro’s capture in January.

Lance called a reformed hydrocarbon law in the OPEC-member country “woefully inadequate” and said the country needed to guarantee contract durability to attract large-scale investment.

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Following the U.S. capture and removal of Maduro from office, President Donald Trump has called on oil firms to spend $100 billion to rebuild Venezuela’s energy industry, which has suffered from long-standing underinvestment.29dk2902l

Venezuela owes ConocoPhillips $12 billion stemming from the expropriation of the company’s assets in 2007, Lance said, adding that his focus was on recouping those losses.

Lance’s comments echoed those of Chevron CEO Mike Wirth on Monday, who said the new hydrocarbon law had broad fiscal terms that required specific incentives.

Reporting by Sheila Dang in Houston; Writing by Liz Hampton; Editing by David Gregorio

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