Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Singapore set for multi-year high diesel imports in Feb while exports falter, sources say

Reuters | February 20, 2025 | Energy

Singapore is set to import multi-year high diesel volumes for February, according to data from two shiptrackers and trade sources, as sellers shipped cargoes to Asia's key oil storage hub amid tepid demand elsewhere.

US oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates

Reuters | February 20, 2025 | Energy

U.S. oil and biofuel groups banded together this week to urge the new Trump administration to increase volumes of renewable fuels that must be blended into the nation's fuel mix in 2026 and beyond, according to a letter seen by Reuters.

Environmental groups sue to block Trump’s offshore drilling expansions

Reuters | February 20, 2025 | Energy

CenterPoint joins peers in raising capital spending plan to meet data centers’ power demand

Reuters | February 20, 2025 | Energy

CenterPoint Energy on Thursday increased its capital expenditure plan by $500 million to strengthen its electricity grid to handle the surging demand for power from new data centers coming up across the country.

Repsol says Trump’s gas policies will help lower prices

Reuters | February 20, 2025 | Energy

The chief executive of Spanish oil company Repsol said on Thursday he expected U.S. President Donald Trump's energy policies would have a positive impact on the gas industry including increased output and lower prices.

LNG markets poised for rollercoaster year ahead - Rystad Energy’s Gas and LNG Special Market Update

AJOT Newsroom | February 19, 2025 | Energy

With prices on the Netherlands-based Title Transfer Facility (TTF) above $15 per million British thermal units (MMBtu), Europe is soaking up spot cargoes while depleting storage inventories at the fastest rate since 2021.

Energy

Reuters | February 19, 2025

Chinese lithium company halts tech exports as trade tensions build

A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export controls proposed by Beijing.

EV maker Nikola goes bankrupt, to sell assets as cash burn takes toll

Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges.

Trump’s Army Corps seeks to fast-track 600 “emergency” projects through environmental review

Reuters | February 19, 2025 | Energy

The Army Corps of Engineers has identified over 600 energy and other infrastructure projects that could be fast-tracked under President Donald Trump's National Energy Emergency declaration, according to data posted on its website.

US EPA grants West Virginia authority to oversee carbon capture

Reuters | February 19, 2025 | Energy

The U.S. Environmental Protection Agency on Tuesday formally gave West Virginia authority to oversee carbon capture projects in the state, the fourth state granted such ability.

Exxon plans large-scale gas project in oil-dominated Guyana

Reuters | February 19, 2025 | Energy

U.S. oil major Exxon Mobil is planning to increase natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.

Abu Dhabi Exports Office grows nine-lender finance facility for energy trader BGN to more than $230m

AJOT Newsroom | February 19, 2025 | Energy

Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB), leading a syndicate of nine UAE lenders, have successfully more than doubled a finance facility for global energy trader BGN to $232.5 million.

Kinder Morgan closes on $640 million acquisition of a natural gas gathering and processing system from Outrigger Energy II

AJOT Newsroom | February 19, 2025 | Energy

Diamondback Energy to expand in Permian oilfield with $4.08 billion deal

Reuters | February 18, 2025 | Energy

Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion, as the shale producer looks to expand its presence in the oil-rich U.S. Permian basin.

Energy

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