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China’s stare-down of Trump’s energy tariffs will not end well – for the US
In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
EnergyPathways reports further progress on MESH gas, hydrogen storage project
London-listed EnergyPathways reported on February 24 another step forward in its plans to establish an integrated natural gas and hydrogen storage project in the UK’s East Irish Sea.
Turkey’s Kazancı plans to invest €1bn in North Macedonia's energy sector
North Macedonia's Prime Minister Hristijan Mickoski says Kazancı's investment will strengthen energy independence and tackle air pollution.
Saudi philanthropic foundation launches AI platform to track global climate change
Alwaleed Philanthropies has unveiled Atlai 2.0, an advanced AI-powered platform designed to transform climate change monitoring.
Is Iran being offered as a bargaining chip in Russia-US negotiations?
Russian Foreign Minister Sergei Lavrov conducted a swift but significant six-hour visit to Tehran on February 25, meeting with Iranian Foreign Minister Abbas Araghchi and President Masoud Pezeshkian.
Rosneft overtakes ExxonMobil to take fourth slot in global energy ranking
Russia’s biggest state-owned oil major Rosneft has overtaken ExxonMobil to take the fourth slot in the Energy Intelligence Top 100: Global NOC and IOC Rankings.
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Cheniere eyes expansion of LNG exports
The US’s largest LNG exporter Cheniere Energy is targeting a major ramp-up of LNG exports amid the improved business climate for the sector under the new Presidency of Donald Trump.
EU expands oil and gas sanctions in 16th package
The EU has imposed additional measures against Russia’s oil and gas industry as part of its 16th sanctions package, while stopping short of any further restrictions on the bloc’s purchase of Russian LNG.
Serbia’s second renewables auction attracts global investment
Serbia successfully allocated its full 424.8-MW quota in the second round of its renewable energy auction, supported by the EBRD.
Turkey confirms it expects 1.3 bcm of Turkmen gas flows by end-2025
Country continues to push its ambition to become a gas re-export hub, but if sanctions on Russia are lifted amid a deal on Ukraine, that hope could fall apart.
Russia's Sibur prepares to break ground on catalyst production plant
The plant will be the first in Russia and the CIS region to produce all types of polymerisation catalysts required for the production of polyethylene and polypropylene.
US Treasury targets Iran's National Oil Co. CEO in new sanctions push
The United States imposed a fresh wave of sanctions on Iran’s oil sector, targeting over 30 individuals and tankers, including the CEO of the National Iranian Oil Co. (NIOC), for facilitating the sale and transportation of Iranian crude.
Oil is a major source of income for eight African countries – OWID
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.
Crippling power outages return to South Africa as Eskom implements Stage 6 load shedding
South Africa is facing renewed power challenges following the reintroduction of Stage 6 power cuts, locally called load shedding, by state-owned power utility Eskom.
Leviathan partners submit updated field production plan
The partners in Israel’s Leviathan gas field this week submitted an updated development plan for the offshore asset to the country’s Ministry of Energy.
Azerbaijan positions itself as a key player in the global hydrogen economy
Azerbaijan targets 1.9mn tonnes of hydrogen production by 2060, and plans exports to Europe and Asia.
Russia's Rosatom in talks to build new nuclear power plant in Iran
Russian state-run atomic energy giant Rosatom is in talks to construct another nuclear power plant (NPP) in Iran, the company’s chief said.
Serbian energy sector faces crisis as banks set to close NIS accounts
Foreign banks will halt transactions with NIS before US sanctions take effect on February 28, which could effectively paralyse the oil company’s operations.
White House offers a revised mineral deal, but US-Ukraine relations still in limbo
The White House has offered Ukrainian President Volodymyr Zelenskiy a revised version of its deal to exploit rare earth minerals that Kyiv rejected last week because the terms were too harsh.
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