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The Indian steel sector—the world’s second-largest—faces a critical challenge in 2025 as the European Union (EU) tightens its environmental standards, intensifying its focus on carbon neutrality. With Europe being key customer for Indian steel, accounting for 25% of exports, India must urgently comply with stricter carbon regulations to avoid steep financial penalties that could undermine its global position in the steel market. Rystad Energy’s research suggests that by 2034, India and Russia could face some of the highest…
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. Top executives at major shale firms have already expressed opinions that Permian oil production could hit its peak as early as the end of this decade. To be sure, crude oil output in the top basin continues to rise, but growth has slowed since 2022—not only because producers…
Major long-term capital investments require predictable profitability and stable capital costs. For the eight large-scale liquefied natural gas (LNG) projects proposed on the U.S. Gulf and East Coasts, both of these factors appear increasingly uncertain. Capital Cost Uncertainty and Workforce Challenges One of the biggest risks for these projects is unpredictable capital costs. The Biden administration and President Donald Trump have imposed tariffs on steel and critical energy infrastructure components, but future tariff rates remain uncertain.…
The Ukrainian government said it is still considering a draft agreement from the United States on the country's minerals amid media reports Washington has changed the terms of the deal several times. Ukrainian Economy Minister Yulia Svyrydenko announced at a government meeting that Kyiv is forming its position on the agreement but lawmakers would only state their stance once there was consensus. Before then, she said, public discussion would be harmful. As the United States has been engaging in shuttle diplomacy to bring peace to Ukraine, US President…
Woodside Energy has reached a deal to sell oil and gas assets offshore in Trinidad and Tobago to UK-based firm Perenco as part of portfolio optimization efforts, the Australian major said on Friday. Under the agreement, Woodside Energy will sell its interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities, and the onshore terminal for $206 million. Woodside came into possession of the Trinidad and Tobago assets following the 2022 merger of Woodside with BHP’s oil and gas portfolio. The…
