Energy Transition in Motion (Week of July 25, 2025)
Here is a look at some of this week’s renewable energy news, including a report on the cost competitiveness of renewable energy projects.
TotalEnergies Sees Tough Oil Market Outlook as Debts Mount
Takeaways by Bloomberg AI TotalEnergies SE reported a 29% increase in net debt to $25.9 billion and a 23% decline in adjusted net income to $3.58 billion. The company said the oil market is being hurt by slower economic growth and an abundant supply, with Total’s Chief Executive Patrick Pouyanne citing an “unstable geopolitical and …
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Oil Gains as Trade Talk Optimism Offsets Potential Higher Venezuelan Supply
Summary Brent, WTI up 0.4% after 1% gain in previous session EU says trade deal with US within reach US prepares to allow limited oil operations in Venezuela, sources say Investors brace for data week next SINGAPORE, July 25 (Reuters) – Oil prices rose on Friday as trade talk optimism supported the outlook for both …
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Boom Fades for US Clean Energy as Trump Guts Subsidies
Summary Policy shift risks $373 billion in clean energy investments New tax credit rules could make even fewer projects eligible for incentives Solar manufacturers concerned about demand for U.S.-made products once credits expire (Reuters) – Singapore-based solar panel manufacturer Bila Solar is suspending plans to double capacity at its new factory in Indianapolis. Canadian rival Heliene’s plans …
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Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates
(Reuters) – Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing …
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US Prepares to Allow Limited Oil Operations in Venezuela, Starting with Chevron,
Summary Companies US policy shift from pressure strategy on Venezuela’s oil sector Chevron’s and a handful of US licenses revoked this year Some PDVSA partners could be allowed to pay contractors, make imports and swaps Conditions aimed to deny profits to Maduro’s govt HOUSTON/WASHINGTON, July 24 (Reuters) – The United States is preparing to grant …
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Aethon Western Haynesville Wildcat Hits 3 Bcf/1K ft in 33 Months
An Aethon Energy Haynesville well’s output has hit more than 3 Bcf per 1,000 lateral ft in less than three years, and its production isn’t declining either, according to new Texas Railroad Commission data.
Gulfstream LNG Clears FERC Hurdle for Louisiana Export Project
Gulfstream LNG’s proposed terminal in Plaquemines Parish becomes the first greenfield project in over five years to complete the FERC application process.
FERC Approves Constellation’s $16.4B Calpine Deal
The FERC announcement follows earlier approvals by the New York Public Service Commission and the Public Utility Commission of Texas in June.
US Prepares to Allow Limited Oil Operations in Venezuela, Starting with Chevron, Sources Say
U.S. President Donald Trump’s administration is preparing to grant new authorizations to key partners of Venezuela’s state-run PDVSA, starting with Chevron.