The Albanese government's approval of Woodside's North West Shelf gas project extension in Western Australia faces a federal court challenge from conservation groups, testing Australia's environment law and international climate obligations.
Major European banks, including Deutsche Bank, UniCredit, and Commerzbank, are suing German industrial group Linde for hundreds of millions of euros. The dispute arises from Linde's withdrawal from a €10 billion Russian gas project due to EU sanctions, which led to Russian courts seizing bank assets.
Gazprom CEO Alexey Miller stated that recent events have prompted major foreign energy companies to announce new oil and gas projects, prioritizing gas supply reliability. He highlighted Gazprom's leading gas reserves and consistent annual increase in its resource base.
Saipem is preparing to ship a massive 7,500-ton jacket from its Arbatax shipyard in Sardinia for the Neptun Deep Gas Development project in Romania. The structure, one of the largest ever built at the yard, will be transported horizontally and installed in the Black Sea.
Six states, led by New York Attorney General Letitia James, have sued the Trump administration over its decision to cancel a major offshore wind lease off the coast of New York. The lawsuit alleges the deal, which involved paying nearly $1bn to TotalEnergies to abandon wind projects, is unlawful.
Six states, led by New York Attorney General Letitia James, have sued the Trump administration over its decision to cancel an offshore wind lease. The lawsuit alleges the deal, which paid TotalEnergies nearly $1bn to abandon wind projects, is unlawful and violates federal acts.
One Nation proposes replacing the offshore gas profits tax with a royalty regime and acquiring 30% equity stakes in new ventures. Leader Pauline Hanson aims for "vastly greater returns" for Australian taxpayers, drawing criticism for importing ideas from Venezuela.
Analysis of air permit documents reveals that 11 new natural gas projects being built to power US data centers for AI companies including OpenAI, Meta, Microsoft, and xAI could emit more than 129 million tons of greenhouse gases per year—exceeding Morocco's 2024 emissions. These behind-the-meter power projects, which bypass the traditional electrical grid, represent a growing trend that environmental researchers warn could significantly undermine climate goals.
