Ever since the president took office, life has become rather hard for wind and solar developers. The biggest blow came from the One Big, Beautiful Bill, which, however, left them a loophole, if they were fast enough with construction, because the end of subsidies was set to take effect from 2027. From that moment on, wind and solar developers are on their own and on the support of any private financial backers that may be interested in their projects.
Midwest refiners are closely watched by traders due to the concentration of capacity and limited pipeline outlets. Unplanned disruptions at Whiting in past years have quickly affected wholesale gasoline prices in Chicago and neighboring hubs, according to the U.S. Energy Information Administration (EIA).
“Nikkiso’s LNG-to-power solution is preferred by our customers because we can engineer, manufacture, install, and service critical equipment which helps provide power via natural gas in some of the world’s most remote locations. We’ve proven time and again that we are a reliable partner, supporting customers with quick delivery and installation for projects of any scale”, Adrian Ridge, President and CEO of Nikkiso, said. “This project is a good insight into how important cryogenic equipment is for companies like NPG looking to expand lower-carbon power generation”.
“These projects show that Terengganu has the potential to lead in green energy and create new economic opportunities for the people. With support from TNB and Petronas, we believe Terengganu can become a top choice for green energy investment in the region”, Burhanuddin Hilmi Mohamed Harun, Terengganu Inc. President and Group CEO, said.
Mendes, who began his career at ANP, resigned effective immediately, according to a Petrobras filing Wednesday. He is also Brazil’s oil and gas secretary at the Mines and Energy Ministry. His new appointment hasn’t yet been published in the official gazette.
Norwegian oil and gas producers are spending billions to squeeze output from the country’s mature continental shelf. While exports have dropped from what they were in the early 2000s, July crude loadings from the country were forecast to reached the most since at least 2012, according to consultant FGE NexantECA.
For the first time, the IBP study consolidates the various revenue sources generated by the sector, including ICMS, government takes (royalties and special participations), signature bonuses, the Federal Government’s profit-oil under production sharing contracts, and general federal taxes such as PIS/Cofins, CSLL, and Corporate Income Tax (IRPJ), all of which apply across the value chain.
Tullow became one of the UK’s hottest independent oil explorers after making major African discoveries in the late 2000s. But it took on huge debts to develop them, and in recent years struggled to bring Kenyan fields onstream. This year it agreed to sell the Kenyan deposits and offloaded assets in Gabon as it looks to pay down debt.
While oil prices have fallen this year as OPEC+ returns shuttered production, natural gas has remained strong in both Asia and Europe, O’Neill said in a separate interview with Bloomberg TV. LNG is traditionally sold under long-term contracts linked to oil. However, Woodside has benefited as about a quarter of its fuel is sold with an indexation to gas, O’Neill said.
“This collaboration marks an exciting first step by IEC to evaluate world-class opportunities beyond Indonesia in Brazil, a market that has become one of the most attractive for upstream investment,” said Frank Ingriselli, IEC’s President. “Working with Blener Mayhew and his team will give us immediate local insight and access. In addition to opportunities in Brazil, AEP may also assist us in further commercializing our Indonesian assets and identifying new Indonesian domestic growth projects. Together with our planned drilling program at our Kruh Block, this initiative advances our growth strategy to scale production and diversify our portfolio in the final months of 2025 and beyond.”