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Recent Briefs

28Jan

Data center projects face power availability challenges amid AI demand

Data center projects are increasingly delayed due to power availability issues, with many unable to secure grid access and long-term pricing. Bitzero has secured over 1 GW of low-cost power to support its operations, positioning itself advantageously amid rising demand for AI infrastructure. The interconnection process for new projects is lengthy and often results in withdrawn requests due to grid limitations.

4 storiesWednesday

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27Jan

Trump initiates process to reopen offshore oil leasing in California

President Trump has initiated a process to potentially reopen offshore oil and gas leasing off California, marking the first step in decades. The Bureau of Ocean Energy Management issued Calls for Information and Nominations for areas in Southern and Central California, inviting public feedback. This move faces strong opposition from California officials who warn of legal challenges and environmental risks.

4 storiesTuesday

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26Jan

EU approves plan to phase out Russian gas and LNG

The EU has officially signed off on a plan to phase out Russian gas and LNG, a strategy first announced in 2022. This decision is part of the EU's broader efforts to reduce dependency on Russian energy supplies.

4 storiesMonday

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25Jan

Trump administration cancels $30 billion in Biden-era energy loans

The Trump administration is canceling nearly $30 billion in financing from the Energy Department's green bank, focusing on revising another $53 billion. About $9.5 billion in funding for wind and solar projects is eliminated, with plans to redirect funds toward natural gas and nuclear projects. The Loan Programs Office, now called the Office of Energy Dominance Financing, remains with over $289 billion in loan authority.

4 storiesSunday

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24Jan

NuVista shareholders approve transaction with Ovintiv

NuVista Energy shareholders voted 99% in favor of a transaction with Ovintiv. The Court of King's Bench of Alberta granted the Final Order for the transaction. NuVista shareholders had options for cash or shares as consideration, with preliminary results indicating various preferences for cash and share allocations.

4 storiesSaturday

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23Jan

China plans to launch LNG futures in yuan on Shanghai Futures Exchange

China is set to launch LNG futures priced in yuan on the Shanghai Futures Exchange as early as February. This move aims to provide China with more control over global LNG pricing and to better reflect its own demand and supply. Analysts expect increased interest from major LNG traders and Middle Eastern exporters in these yuan-denominated contracts.

4 storiesFriday

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22Jan

Venture Global wins arbitration against Repsol

Venture Global, a US LNG exporter, wins an arbitration case against Repsol, adding to its previous victory against Shell in a similar case. However, the company lost an arbitration case to BP.

4 storiesThursday

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21Jan

Sage Geosystems raises over $97 million for geothermal power facility

Sage Geosystems secured over $97 million in Series B funding to develop its first commercial Pressure Geothermal power generation facility. The funding was co-led by Ormat Technologies and Carbon Direct Capital, highlighting strong support for Pressure Geothermal technology.

4 storiesWednesday

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20Jan

India signs $3 billion LNG supply deal with ADNOC

India has finalized a 10-year LNG supply agreement with ADNOC valued at $3 billion, involving 500,000 tons of gas to Hindustan Petroleum Corp. This deal positions India as the UAE's largest LNG customer and is part of a broader $200 billion investment agreement between the two nations. The UAE aims to enhance its LNG production capacity through the Ruwais LNG project, set to begin operations by the end of 2028.

4 storiesTuesday

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19Jan

Philippines announces first major gas discovery in over a decade

The Philippines has confirmed a new gas-bearing reservoir at the Malampaya East-1 well, estimated to contain 98 billion cubic feet of gas. This discovery could produce around 60 million cubic feet per day and supply power to approximately 5.7 million households annually. The find is part of the Malampaya Phase 4 Drilling Campaign, which aims to enhance domestic gas supply amid declining production.

4 storiesMonday

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18Jan

CNRL announces $15B+ in oil sands expansions

Canadian Natural Resources Limited (CNRL) plans to initiate front-end engineering design for four major oil sands expansion projects in 2026. This investment exceeds $15 billion and marks a significant long-cycle investment in Canada.

4 storiesSunday

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17Jan

Harold Hamm halts Bakken drilling due to low oil prices

Harold Hamm, founder of Continental Resources, ceases drilling operations in North Dakota for the first time in over 30 years due to low oil prices. The average breakeven price for drilling in the Bakken is now at least $58 per barrel, while recent U.S. benchmark prices have rarely topped $60. Analysts predict that lower oil prices will reduce drilling activity across major basins, including the Permian.

4 storiesSaturday

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16Jan

Coterra Energy and Devon Energy in talks for potential merger

Coterra Energy is in discussions to merge with Devon Energy, potentially creating a significant player in the Permian Basin. The combined market value would be around $44 billion, positioning the new entity among the top producers in the region. The talks reflect a trend of consolidation in the shale sector as companies seek to enhance efficiency amid fluctuating oil prices.

4 storiesFriday

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15Jan

Woodside signs LNG supply agreement with JERA for winter deliveries

Woodside Energy Trading Singapore Pte Ltd has executed a Sale and Purchase Agreement with JERA Co., Inc. for the supply of three LNG cargoes per year, totaling approximately 0.2 million tonnes, starting in 2027. The LNG will be delivered during Japan's peak winter months, enhancing energy security and supply resilience for JERA. This agreement builds on previous collaborations and reflects Woodside's commitment to reliable energy supply in Asia.

4 storiesThursday

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Daily Energy Briefs

Recent Briefs

Data center projects face power availability challenges amid AI demand

Trump initiates process to reopen offshore oil leasing in California

EU approves plan to phase out Russian gas and LNG

Trump administration cancels $30 billion in Biden-era energy loans

NuVista shareholders approve transaction with Ovintiv

China plans to launch LNG futures in yuan on Shanghai Futures Exchange

Venture Global wins arbitration against Repsol

Sage Geosystems raises over $97 million for geothermal power facility

India signs $3 billion LNG supply deal with ADNOC

Philippines announces first major gas discovery in over a decade

CNRL announces $15B+ in oil sands expansions

Harold Hamm halts Bakken drilling due to low oil prices

Coterra Energy and Devon Energy in talks for potential merger

Woodside signs LNG supply agreement with JERA for winter deliveries