China has sped up new coal power plan approvals again. After a decline in new permits last year, these are once again on the rise, Greenpeace complained recently. China approved 11.29 GW of new coal power capacity in the first quarter of 2025. This pace of coal-fired generation capacity approvals already exceeds the 10 GW China approved in the first half of 2024.
Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, after dropping by 3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426.7 million barrels according to government data, which is 6% below the five-year average for this time of year.
During earnings season for the first quarter of the year, the message of the U.S. energy industry to the world was “Peak shale is here.” Now, three months later, the message has changed. Now, shale drillers are signaling there is still space to grow, so those expecting a decline after the peak will have to wait a bit longer.
Shipments of refined petroleum products out of Russia declined by 6.6% in July from the previous month, Reuters estimates showed on Wednesday, as domestic demand rose and capacity under planned maintenance increased.
Venice Energy has signed an agreement to sell its LNG project in South Australia, expected to reach a FID (final investment decision) this year, to AG&P LNG.
The awarded acreage, located northwest of Guyana’s prolific Stabroek block, is larger than Trinidad and Tobago’s landmass. The production-sharing contract marks ExxonMobil’s return to the country after a 20-year absence.
Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight.
Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed. World oil demand this year and next is growing at less than half the pace seen in 2023.
ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods.
Brazil’s state-controlled oil company received permission from regulators to perform emergency response drills near the mouth of the River, a crucial step toward winning approval to explore in a region the company has been pushing to access for years. Petroleo Brasileiro SA is expected to start emergency drills in the Foz do Amazonas basin on […]