EIA: US oil production will be lower than expected in 2025 due to falling prices
Energy Information Administration's monthly report on Tuesday predicted that the U.S. would produce less oil by 2025 than originally expected, as lower oil prices have caused U.S. producers this year to reduce their activity. In its report on short-term energy forecast, the EIA stated that it expects to see 13.37 million barrels of oil per day produced by the world's biggest oil producer in 2025.
Polish Parliament approves liberalisation in wind farm regulations
The Polish Parliament approved legislation that eases rules for building onshore wind farms. According to the government, this is an important step in boosting renewable energy production and lowering electricity prices. In a vote held late Wednesday night, the rules reduced the distance between planned installations, and residential areas…
Polish President says that the government is trying to force him into signing wind farm laws
The government is trying to get the Polish president Andrzej duda to sign a law that will make it easier for wind farms to be built. This was done by adding a last minute amendment to legislation freezing power prices. The current liberal government has made a promise to boost renewable energy production after the conservative administration…
Mauritius is looking for investors to build a floating power plant in order to meet the energy needs
Mauritius has issued a tender inviting international investors to build and operate a floating energy plant to meet the island's growing energy demands. A request for proposals, seen on Tuesday, showed that the proposed plant would run on heavy fuel. Patrick Assirvaden, Minister of Public Utilities in Mauritius, told the lawmakers…
Ares buys 20 percent of Plenitude from Eni for $2.3 billion
Italian energy group Eni sold a 20 percent stake in its renewables and retail business Plenitude, to U.S. alternative investments manager Ares Management Corp. for approximately 2 billion euros ($2.3billion), the company announced on Monday. The deal is part of an Italian group's strategy to develop its business with partners.
South Carolina's Republican Governor asks that Trump's offshore drilling plan exclude South Carolina
The Republican Governor of South Carolina appealed Monday to the Trump Administration to exclude his state from an impending plan for offshore oil and natural gas production. The letter was sent as the Administration wrapped up a 45 day request for public input on a federal offshore leasing program. This could include new zones, such as in the Arctic or elsewhere, to maximize domestic energy production.
EPA wants to give Texas the authority to supervise CO2 injection permits
U.S. Environmental Protection Agency proposed Monday to approve Texas' application for its own permitting of projects to inject underground carbon dioxide, a step long sought after by the state's regulators as well as oil and gas firms with projects in development. EPA Administrator Lee Zeldin stated that Texas was best positioned to protect drinking water from contamination…
Metal industry group claims that new EU State Aid rules do not help
A metals industry group wrote a letter to the European Commission on Friday, saying that plans to overhaul state aid rules ignore heavy industry, which is critical for processing energy transition metals. They fail to mitigate energy costs, while green rules may penalise them. After a public hearing on its proposal from February, the Commission will announce new rules for state aid on 26 June.
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly. He was investigating the performance of the fund as a reporteur.
In May, India's coal-fired electricity output fell at the fastest rate in five years.
A government analysis showed that India's coal-fired power generation fell in May at the fastest rate in five years. The overall demand for electricity declined in August, and renewable energy production reached a new record. A review of Grid India's data showed that the increase in power generation from cleaner sources such as…
Germany examines energy system to lower costs
Katherina Reiche, Germany's Economy Minister, said that the government would analyze Germany's energy consumption and supply in order to reduce costs and integrate more gas production. The impact of energy prices on the economy, industrial competitiveness and the environment were some of the top issues at the federal election in February.
Trump's budget cuts threaten U.S. jobs in renewable energy
By Carey L. Labor leaders claim that federal tax credits under the former president Joe Biden for green energy production and construction have created an influx of new jobs - inspiring young workers to participate in the U.S. transition towards energy in a rapidly aging sector. "We were slammed, pretty much full employment. Everyone was making plenty money…
Trump's push to speed up reactor approvals has a profound impact on the U.S. nuclear industry
The U.S. president Donald Trump directed on Friday the independent nuclear regulator of his country to ease rules and speed up approvals for new power plants and reactors. He aimed to reduce licensing timelines from several years to only 18 months. The executive order was part of an ongoing series of executive orders aimed at boosting…
On Monday, France and Germany saw a decline in demand
German and French spot price had not traded on Friday early, while demand in both countries is expected to drop on Monday and renewable output shows divergent trends throughout the region. LSEG data shows that the German and French Monday basis power contracts had not been traded by 838 GMT. LSEG data indicated that German wind power production was expected to drop by 1.2 gigawatts to 15.9 GW Monday…
US invites Asian officials in Alaska to explore $44 billion LNG project
Two people with knowledge of the plans said that the U.S. invited officials from Japan and South Korea to Alaska to discuss a gas pipeline project. Asian governments are considering U.S. investment in hopes of relief from the tariffs imposed by President Donald Trump. The sources, who requested anonymity because the details were not made public, said that Trump's Energy Czar, Interior Sec.
US LNG Exporters Continue New Projects Despite Trade War Uncertainty
Woodside Energy's decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping capacity U.S. companies plan to approve this year despite uncertainty about President Donald Trump's trade war, according to company statements and analysts.The U.S., already the world's…
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against Donald Trump, the president of the United States, on Friday in an attempt to stop his National Energy Emergency. The states said that it was an illegal effort to ignore regulations and to fast-track permits for oil and natural gas development. The Democratic state attorneys general from California…
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against President Donald Trump Friday in an attempt to stop his National Energy Emergency, which they said was an illegal effort to ignore regulations and speed up permitting for oil and natural gas development. The Democratic state attorneys general from California, Washington, and New…
Upgrades to the EU's power grid are needed at a cost of trillions of dollars in order to avoid blackouts similar to those that occurred in Spain
To cope with the increasing demand for electricity, and the growing green energy production in Europe, and to prevent blackouts, trillions of dollars will be needed to invest. Spain and Portugal experienced their worst power outages in a week. Analysts and industry representatives believe that infrastructure investment will be essential, regardless of the results.
Upgrades to the EU's power grid are needed at a cost of trillions of dollars in order to avoid blackouts similar to those that occurred in Spain
To cope with the increasing demand for electricity, and the growing green energy production in Europe, and to prevent blackouts, trillions of dollars will be needed to invest. Spain and Portugal experienced their worst power outages in a week. Analysts and industry representatives believe that infrastructure investment will be essential, regardless of the results.
