Petrobras Sending Nearly Half of Oil Exports to China

Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.

FTC Strikes Again: Diamondback’s $26B Endeavor Merger Delayed

Diamondback Energy, which was nearing the end of a regulatory review period of its merger with Endeavor Energy Resources, is the latest E&P to see a deal postponed by the Federal Trade Commission.

Electrifying Permian Could Threaten West Texas Power Grid—Enverus

Emissions reduction targets and cryptocurrency mining could double power demand and threaten the grid in West Texas by 2040, according to a report by Enverus Intelligence Research.

US Reforms Green Law to Speed Clean Energy, Infrastructure Permits

The reforms are the second and final phase of adjustments to the National Environmental Policy Act, or NEPA, by the Biden administration.

Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want

A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.

G7 Reaches Deal to Exit from Coal by 2035

The accord will be included in the G7 energy ministers' final communique to be released on April 30.

Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says

Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.

Exxon’s Guyana Gas Project a “Win-Win,” Set for Hook-up by Year-end ‘24

Exxon Mobil Corp. CEO Darren Woods said the company’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana” when completed and hooked-up by year-end 2024.

Energy Transition in Motion (Week of April 26, 2024)

Here is a look at some of this week’s renewable energy news, including the close of a $1.4 billion decarbonization-focused investment fund.

No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration

Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.