Trump Imposes Extra 25% Tariff on Indian Goods, Ties Hit New Low
U.S. President Donald Trump on Aug. 6 imposed an additional 25% tariff on Indian goods, citing New Delhi’s continued imports of Russian oil.
TotalEnergies Won’t Invest in NextDecade’s Train 5 LNG Project, Sources Say
Summary Total prioritizes LNG projects with low liquefaction costs Tariffs raised Rio Grande construction costs Total pushing ahead with its own projects in Mozambique, PNG Aug 6 (Reuters) – TotalEnergies has decided not to invest in U.S. developer NextDecade’s fifth liquefied natural gas Rio Grande export facility in Texas or to buy LNG from its output, two …
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Cresta-Backed Lapis Rides 45Q Momentum to Broaden CCUS Projects
As ethanol producers seek new ways to monetize emissions, Lapis Carbon Solutions is targeting smaller emitters with CO2 utilization solutions that avoid regulatory delays.
Blackstone Agrees to Acquire Energy Data Firm Enverus
Energy data and analytics firm Enverus agreed to sell to private equity funds managed by Blackstone in a deal reportedly valued at about $6 billion.
Diesel Pump Prices Are Surging in Potential Boost to Inflation
US diesel prices have surged to the highest in almost a year due to tightness in global supplies, according to Bloomberg. The national average price of a gallon of diesel has risen 7% since early June to $3.738, American Automobile Association data show. The rising cost of diesel threatens to boost inflation and cause additional …
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Williams CEO Sees LNG Taking Up More Than 25% of US Gas Market
Williams Cos., one of the world’s largest pipeline operators, projects liquid natural gas will expand to become more than 25% of the US gas market in the next decade. The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to Chief Executive …
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US Needs to Ramp Up LNG Production to Satisfy Trade Deals
Foreign leaders are promising to buy American energy, but the industry can’t meet that demand right now. Countries are cutting trade deals with President Donald Trump by pledging to buy more American energy, and it’s likely most of these additional purchases will be of liquefied natural gas. If those promises turn into contracts, the US …
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Energy Transfer to Build $5.3 Billion Texas-to-Arizona Natural Gas Pipeline
Energy Transfer LP is moving forward with plans to build a $5.3 billion natural gas pipeline from the Permian Basin to markets in New Mexico and Arizona. The expansion of the company’s Transwestern Pipeline networks that’s slated to begin operations in late 2029 will provide an outlet for Permian gas producers that have struggled with a dearth of …
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Explainer: Where Could India Look to Replace Russian Oil?
(Reuters) – India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned to purchasing Russian oil sold …
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NRG Energy Beats Quarterly Profit Estimates, Inks 295 MW Deal to Power Data Centers
By Reuters Reuters) – NRG Energy beat Wall Street estimates for second-quarter profit on Wednesday, as the utility got a boost from surging power demand and improved retail margins in its Texas unit. The company also entered into a 295 megawatt long-term retail deal to power data centers constructed on two NRG-owned sites in Texas, with …
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