Energy News Beat NEW YORK, Aug 22 (Reuters) – Crescent Energy (CRGY.N), opens new tab is in advanced talks to acquire smaller peer Vital Energy (VTLE.N), opens new tab, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin. Terms of the combination could […]
Energy News Beat In a bold move echoing his first-term trade policies, President Donald Trump has imposed tariffs and sanctions on India, targeting its massive imports of Russian crude oil. These measures, including a 25% tariff on certain Indian imports tied to Russian energy purchases, aim to curb India’s role in circumventing Western sanctions on […]
Energy News Beat In the second quarter of 2025, the Electric Reliability Council of Texas (ERCOT) witnessed an unprecedented surge in project cancellations, marking a pivotal moment for the state’s energy landscape. With approximately 16 gigawatts (GW) of power generation projects scrapped—predominantly renewable energy initiatives—this record-breaking wave has raised alarms about Texas’s ability to meet […]
Energy News Beat In a significant blow to the offshore wind industry, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued a stop-work order for Ørsted’s Revolution Wind project off the coast of Rhode Island. The directive, announced on August 22, 2025, halts all offshore construction activities on the nearly […]
