Energy News Beat The U.S. Energy Information Administration (EIA) revealed its latest Brent spot price forecast for 2025 and 2026 in its September short term energy outlook (STEO), which was released on September 9. According to its latest STEO, the EIA expects the Brent spot price to average $67.80 per barrel in 2025 and $51.43 […]
Energy News Beat EU countries should move faster to abandon Russian energy sources, as this would help speed up the end of the war in Ukraine, according to US Energy Secretary Chris Wright. “The European Union could phase out Russian oil and gas faster and it would be helpful in ending the war in Ukraine,” the […]
Energy News Beat Russia’s budget revenues from oil and natural gas sales have dropped by more than 20% in 2025, according to data released by the finance ministry in Moscow. The department blamed the significant decrease on lower oil prices. The official stats come amid increased U.S. pressure on buyers of Russian crude around the […]
Energy News Beat The International Energy Agency, which has repeatedly predicted that global oil demand growth will peak before 2030, has drafted a report admitting that both oil and gas demand are set to continue growing for decades. Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World […]
Energy News Beat Woodside Energy and its North West Shelf Joint Venture partners have received final environmental approval from the Australian Government for the North West Shelf Project Extension, one of Australia’s most significant LNG operations. The approval follows an extensive assessment and appeals process, with new conditions imposed to safeguard cultural heritage and environmental resources. […]
Energy News Beat The United States Department of Energy (DOE) has announced $134 million for two programs aimed at positioning the U.S. as a leader in emerging fusion technologies and innovation. “Under President Trump’s leadership, DOE is unleashing the next frontier of American energy”, Secretary of Energy Chris Wright said in a statement. “Fusion power […]
Energy News Beat The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics (BLS) website shows. According to the data, which was accessed by Rigzone, the number of employees in the sector has declined from 123,100 […]
Energy News Beat The Public Utility Commission of Texas approved Entergy Texas’ proposal to build two highly efficient natural gas power plants that will provide enough reliable electricity capable of powering more than 300,000 homes and support the region’s rapid growth. Together, Legend and Lone Star power stations will add more than 1,200 megawatts of modern, affordable, around-the-clock energy to […]
Energy News Beat MILAN, Sept 11 (Reuters) – It may appear quite audacious for the world’s largest natural gas producer to demand that its biggest market stop buying from a competitor. But that’s exactly what unfolded this week at the global gas industry’s annual gathering in Milan. Speaking at the start of the Gastech conference, […]
Energy News Beat With a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. According to Reuters, BlackRock, via […]
