Felicity Bradstock

1 week ago | oilprice.com | Felicity Bradstock

Chevron was ordered to pay $745 million for damaging Louisiana wetlands, potentially spurring more lawsuits. Since 2013, 39 coastal parishes have sued fossil fuel companies, a number expected to rise post-Chevron. Cities and states, including Los Angeles and California, may increase litigation against oil companies.

1 week ago | oilprice.com | Felicity Bradstock

Trump's new tariffs, especially on Chinese lithium-ion batteries, threaten the planned 18.2 GW battery storage deployment in 2025. The tariffs, which reach up to 82% on Chinese grid batteries by 2026, could force US energy companies to reconsider spending decisions. While tariffs aim to boost US manufacturing, they also raise construction costs for battery producers like Lyten, potentially delaying domestic expansion.

1 week ago | oilprice.com | Felicity Bradstock

Samoa declared a 30-day state of emergency due to widespread and prolonged power outages. The crisis was caused by generator failures, cable faults, storm damage, and increased demand, exposing the grid's vulnerability. The nation urgently needs investment in renewable energy and transmission infrastructure to achieve its 70% renewable target by 2031 and prevent future crises.

2 weeks ago | oilprice.com | Felicity Bradstock

President Trump has ordered a review of Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, which was previously blocked by President Biden. The review comes amidst trade tensions with Japan and potential new tariffs, adding uncertainty to the deal's outcome. The decision follows a year of delays and opposition from labor unions, with the deal's fate now pending CFIUS's recommendation and potential court rulings.

2 weeks ago | shalemag.com | Felicity Bradstock

It has appeared increasingly complicated to develop new oil and gas projects in Alaska in recent years due to concerns over the environmental implications of exploration activities in the region and opposition from both environmentalists and indigenous communities. The former Biden administration placed several limits on oil and gas operations in Alaska, restricting the leasing of land and limiting development.