The EU has launched bold new sanctions targeting Russia’s energy and trade sectors, intensifying pressure amid the ongoing conflicts. These powerful measures aim to sever Moscow’s economic lifelines and cripple its capacity to fuel the war effort
Browsing: energy sector
LG Energy Solution is gearing up to buy Stellantis’ share in their Canadian joint venture for $100, marking a bold strategic shift as electric vehicle demand cools, Reuters reports
Brazil’s appeal in the Petrobras shareholder dispute has just cleared a critical procedural hurdle in the Paris courts, accelerating this high-stakes global arbitration battle over control and regulatory challenges
Shell has sold a minor stake in its Brazil deepwater oil and gas project to a Middle Eastern firm, underscoring the vibrant and growing foreign interest in the region’s offshore energy sector, sources reveal
Qatar has locked in a groundbreaking 27-year deal to supply liquefied natural gas (LNG) to Japan’s Jera, Bloomberg reports. This monumental agreement promises to strengthen energy ties as Asia’s appetite for LNG soars like never before
Brazil’s oil and gas production skyrocketed to an unprecedented peak in 2025, driven by innovative offshore projects and a surge of fresh investments. This extraordinary expansion cements Brazil’s status as a dominant force in the global energy landscape
OPEC+ is reaching its breaking point as global oil markets react sharply to powerful forces beyond its control: former U.S. President Donald Trump’s policies and the unpredictable swings in Chinese import demand, Reuters reports
Russia’s Lukoil is in advanced talks to sell select assets to a U.S. investment firm, marking a daring move amid escalating geopolitical tensions. This deal could dramatically transform the energy sector landscape as sanctions keep reshaping the market
Trafigura has proudly completed its inaugural crude oil shipment via Argentina’s cutting-edge Derivación pipeline, a landmark achievement that boosts the nation’s energy infrastructure and dramatically expands its export potential, Pipeline and Gas Journal reports
Brazil is facing escalating challenges as soaring electricity prices amplify the impact of renewable energy curtailment. Industry experts warn that this alarming trend could stall the growth of clean power projects, threatening the nation’s green energy future
Russia is preparing to tap into its National Wealth Fund at a breakneck pace as oil and gas revenues plunge dramatically. This daring strategy aims to stabilize the economy amid falling energy prices and escalating sanctions, The Moscow Times reveals
Engie and Google have supercharged their carbon-free energy partnership in Germany, aiming high to boost renewable energy adoption and fuel Google’s data centers with clean, sustainable power, Renewables Now reports
China’s top oil giants are now looking to Beijing for guidance on navigating their operations in Venezuela. With escalating U.S. sanctions and political unrest shaking the region, this move highlights Beijing’s growing influence in the global energy stage
A Brazil labor court has ordered that 80% of Petrobras’ workforce remain on duty, ensuring operations continue seamlessly amid ongoing disputes. This bold decision underscores the court’s dedication to maintaining stability in the vital energy sector
Exclusive: India has reportedly slapped a massive $30 billion demand on Reliance Industries and BP, accusing them of drastically underproducing from a key gas field, sources told Reuters-escalating the already fierce tensions in the energy sector
Gasoline and diesel prices in the USA are poised for significant ups and downs in 2025 and 2026, fueled by evolving supply chains, geopolitical challenges, and shifting energy policies-trends that will impact not just consumers but the entire economy
Argentina wraps up a groundbreaking year in oil production and energy surplus, driven by the explosive growth of the Vaca Muerta shale formation. This remarkable surge not only strengthens the nation’s energy independence but also opens the door to thrilling new export opportunities, officials reveal
Statkraft has triumphantly secured EUR 5 million via crowdfunding to power up the upgrade of its wind farm in Spain, boosting capacity and fast-tracking the expansion of renewable energy across the region
Brazil’s union is on the verge of accepting Petrobras’ labor offer, signaling an end to the prolonged strike. This landmark agreement is set to resolve ongoing disputes and reignite oil production, delivering a vital boost to the energy sector’s strained supply chain
Brazil, Guyana, and Argentina are set to ignite a major surge in global crude oil production by 2026, the U.S. Energy Information Administration (EIA) reveals, highlighting these South American giants as trailblazers shaping the future of the energy world