News
U.S. sanctions are forcing Iran to ditch push to cleaner fuels
Iran is about to burn a lot more fuel oil as a result of U.S. sanctions and new global shipping rules, reversing the nation’s progress in switching to cleaner-burning natural gas. Source: FuelFix
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Vistra buys Ambit in deal to further consolidate Texas electricity market
Vistra Energy, the Irving-based power generator and retailer, announced Tuesday morning it is buying Ambit Energy, a Dallas-based company that sells electricity through multi-level marketing channels, for $475 million in a move that will further...
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Venture Global's Calcasieu Pass LNG fully financed
A Virginia company’s goal to become an LNG powerhouse on the Gulf Coast is coming closer to reality. Venture Global has closed project financing for its $5.8 billion liquefied natural gas plant in Cameron Parish,...
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EVs pushing out diesel vehicles in Norway
Norwegians are turning away from diesel vehicles at a fast clip in favor of electric models, the research firm Rystad Energy reported Tuesday. Source: FuelFix
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U.S. oil challenges Mideast sellers with Asian trading debut
The rivalry between U.S. and Middle Eastern oil producers has jumped a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Source: FuelFix
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