BlackRock’s Fink Calls for Reliable US Power Grid—Now
“That starts with fixing the slow, broken permitting processes in the U.S. and Europe,” Larry Fink, the co-founder, chairman and CEO of $12 trillion investment-management firm BlackRock Inc., told shareholders March 31.
Energy Transition in Motion (Week of March 28, 2025)
Here is a look at some of this week’s renewable energy news, including another record for renewables power capacity growth.
BP to Sell Downstream Business in Austria
The sale, expected to be complete by year-end 2025, includes over 260 of BP’s retail sites across Austria.
TotalEnergies, Partners Reach FID for Northern Lights CCS Phase 2
The second phase is expected to increase the project’s transport and storage capacity to more than 5 million tons of CO2 per year in 2028, TotalEnergies says.
US LNG Exports May See EU Demand Drop-Off, Asian Surge
Ukrainian peace talks could end with Russian gas back on the market, Poten & Partners analysts said.
CPP Wants to Invest Another $12.5B into Oil, Gas
The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
Siemens Acquires Tech Firm Altair Engineering in Deal Worth $10.6B
Siemens has closed an acquisition of Altair Engineering, strengthening its industrial AI, digital twin and high-performance computing offerings.
TechnipFMC Awarded EPCI for Equinor’s Johan Sverdrup Phase 3
The Johan Sverdrup Field, which originally began production in 2019, is one of the largest developments in the Norwegian North Sea.
Charif Souki Plans Third US NatGas Venture, Including E&P Team
Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture after his exit from Tellurian Inc.
E&P Highlights: March 24, 2025
Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.