Semafor Energy

Concentrating control of Venezuela’s oil industry with the US government could ultimately backfire.

US President Donald Trump announced Friday that the US had secured majority control over more than 65 billion barrels of Venezuela’s oil reserves, expanding Washington’s influence over the country’s energy industry.

The proposed deal would give Washington part ownership of fields containing 90 billion barrels’ worth of proven crude deposits.

Europe is facing a test of how much it has learned from half a decade of successive energy shocks — and US gas exporters should pay attention.

The dip over the past few years was driven primarily by a major contraction of the offshore wind industry.

The project will be operated by the Ukrainian agricultural company Kernal for both its own use and power sales to the country’s battered grid.

A new study counted 189 gigawatts of gas-fired capacity in development in the first half of 2026.

The Chinese state-owned oil refinery posted a surge in profit in H1, but an exec says oil demand has been structurally reduced.

Argentina is producing oil and gas like never before, helping make crude the country’s leading export for the first time, though worries are growing that the economy is running along two tracks.

More aggressive interventions against Chinese banks and state-owned companies will be needed to fully sever Beijing’s economic lifeline to Tehran.

While access to electricity has increased in the past decade, nearly 600 million people remain without power.

The Secuda coal-to-liquids plant is woven into the nation’s fabric as both an economic powerhouse and environmental headache.