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EU Set to Change Subsidy Rules for Energy Costs

OilPrice

National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules. The report noted that Germany…

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EU to require EU firms to disclose details of Russian gas contracts

Oil & Gas 360º

(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. The Commission plans to publish the legislative proposals next week.

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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump

Oil & Gas 360º

billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. sanctions on Venezuela’s energy industry since 2019. That would be an over 15% hike from almost 700,000 bpd in 2023, according to data and documents viewed by Reuters. The licenses to U.S.

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Cheniere seeks expansion of Sabine Pass plant with US regulators

BOE Report

Cheniere Energy, the largest liquefied natural gas exporter in the U.S., has applied to the Federal Energy Regulatory Commission for permission to expand its Sabine Pass plant, according to a FERC document.

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. million fundraise comprising a £9.8 million Placing and £0.7 on 29 July 2025).

Energy 130
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Oklo and Vertiv Announce Collaboration to Advance Power and Cooling Solutions for Hyperscale and Colocation Data Centers in the United States

Oil & Gas 360º

Publisher’s Note: Oklo will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. By leveraging heat from Oklo’s onsite power plant to drive Vertiv’s cooling systems, the collaboration will significantly enhance data center energy efficiency.

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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

The document outlines a framework for how the energy companies might work together and assess a range of technical data. Libya is currently running its first tender for energy exploration contracts since the 2011 civil war. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”