Latest Stories

First large US offshore wind project to be union-built

The US’s first large-scale commercial offshore wind project will be union-built. The 800-MW Vineyard Wind 1 has entered a project labour agreement with the Massachusetts Building Trades and local union affiliates for construction.

Apollo funds sign exclusive agreement to invest in US wind energy port

UNDP, Turkmen government present climate adaptation project

Early signs are ‘Turkey, Russia, China would dispute EU’s CBAM at WTO’

Excelerate, Snam and Albgaz mull gas pipeline from Albania’s Vlora terminal

Bulgarian Energy Holding raises €600mn Eurobond

Water stress protests break out in Iran’s southwest

Anger over effects of severe drought add to difficulties and tensions seen over lack of water in Central Asia and Turkey.

BP’s statistical review shows LNG growth

The publication of BP’s annual statistical review shows how LNG trade grew modestly last year despite the hit from the COVID-19 pandemic.

WildFire to acquire Hawkwood in Eagle Ford deal

Private equity-backed WildFire Energy I announced this week that it had struck a deal to acquire Hawkwood Energy for roughly $650mn.

Plains, Oryx partner in Permian

Plains All American Pipeline and Oryx Midstream announced this week that they had agreed to merge their operations in the prolific Permian Basin into a new joint venture.

The consequences of AMLO’s energy policy

The Mexican president’s efforts to ensure that state-owned companies dominate the fuel and energy sector are putting pressure on downstream operators.

Tuzla thermal power plant expansion project in difficulty after GE withdrawal

EBRD underlines Uzbekistan’s “renewables potential”

Kazakhstan fulfils its oil output quota under OPEC+ agreement for June

Lithuanian ministry proposes two taxes to slash car pollution

bneGREEN: EU carbon guidelines offer relief to Russian exporters

The European Commission has revealed new proposals concerning its Carbon Border Adjustment Mechanism (CBAM), which would regulate carbon certificates for importers to the union.

UAE’s ADNOC plans to invest $763.7mn to expand oil production capacity to 5mn bpd by 2030

Enauta takes two wells offline at Atlanta

Brazilian independent Enauta Participações has taken two development wells offline at the Atlanta oilfield, leaving only one well in operation.

NFE launches Pichilingue LNG terminal

US-based New Fortress Energy (NFE) has brought a new LNG import terminal on stream in Pichilingue, a port at the southern tip of Baja California Sur State.

GlobalData sees Trinidad and Tobago’s gas output dropping after 2024

GlobalData, a UK-based data analytics and consulting company, has said it expects Trinidad and Tobago’s natural gas production to start declining after 2024.

US government authorises LPG shipments to Venezuela

The US government has slightly loosened the sanctions regime that restricts trade in Venezuelan crude oil and petroleum products to permit deliveries of LPG, which is widely used as cooking fuel in the South American country.

Penn Virginia to acquire Lonestar for $370mn

Penn Virginia announced this week that it had agreed to acquire Lonestar Resources US for $370mn in an all-stock transaction in Texas’ Eagle Ford shale play.

Limetree Bay Refining files for bankruptcy

Limetree Bay Refining, the owner of the Limetree Bay refinery near St Croix in the US Virgin Islands, has filed for bankruptcy.

Lasso unveils new oil policy

Guillermo Lasso, the president of Ecuador, has issued a decree with the aim of facilitating private investment in the country’s oil industry.

Chesapeake joins gas certification push

Chesepeake Energy is the latest US natural gas producer to announce that it will certify some of its output as responsibly sourced gas.