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President Trump’s prevarications on tariffs have led to widespread uncertainty, which could have far-reaching consequences for the European energy sector. Since the escalation of the Russia-Ukraine conflict, Europe’s dependence on Russian natural gas has dramatically declined, prompting increased reliance on American liquefied natural gas (LNG). However, the surefire economic chaos to come as a result of Trump’s tariff policy, Europe‘s evolving energy needs and geopolitical challenges require more comprehensive strategies than solely relying on LNG imports. It is time for Europe to diversify its energy sources, incorporating nuclear energy, renewables, and the strategic exploitation of mature gas fields.  American LNG: An Immediate Solution…

Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $302 million USD ($415 million CAD). Net proceeds from the transaction will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion’s balance sheet, the Calgary-based company announced.  The assets are currently producing approximately 10,500 boed (86% oil and liquids) and are forecast to generate approximately $110 million of annual net operating income at current strip commodity prices. Assuming a mid-Q3 2025 close, Vermilion expects full year 2025 production to average between 120,000 to 125,000…

Vermilion Energy has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $302 million USD ($415 million CAD). Net proceeds from the transaction will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion’s balance sheet, the Calgary-based company announced.  The assets are currently producing approximately 10,500 boed (86% oil and liquids) and are forecast to generate approximately $110 million of annual net operating income at current strip commodity prices. Assuming a mid-Q3 2025 close, Vermilion expects full year 2025 production to average between 120,000 to 125,000…

The expected increase adds supply-side pressure at a time when demand signals remain weak. Analysts warn that unless demand rebounds quickly, the additional barrels could further saturate global markets. RBC’s Helima Croft indicated that Saudi Arabia appears ready to lead the supply expansion regardless of price stability concerns. U.S. Crude Inventory Build Undermines Demand Optimism The Energy Information Administration (EIA) reported a surprise 1.3 million barrel build in U.S. crude inventories last week, defying market expectations for a draw of similar magnitude. Stockpiles now stand at 443.2 million barrels, their highest in weeks. This came despite increased exports, with the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US oil companies are cutting spending and idling drilling rigs, as Donald Trump’s tariffs push up costs and falling crude prices squeeze profits, prompting executives to warn that a decade-long shale boom is ending.Surprise decisions by the Opec+ cartel to pump more oil have compounded the gloom across the US oil patch, sparking fears of a new price war and prompting analysts to cut output forecasts.“We’re on high alert at this point,” Clay Gaspar, chief executive officer at Devon Energy in Oklahoma…

The U.S. Department of Energy (DOE) has set aside $365 million for grid resilience projects in Puerto Rico. The funding, distributed through the Puerto Rico Resilience Fund (PR-ERF), will go toward practical fixes and emergency activities to alleviate the current crisis, which was reflected in a recent island-wide blackout, the DOE said in a press release. “By redirecting these funds, we will ensure taxpayer dollars are used to strengthen access to affordable, reliable, and secure power, benefiting more citizens as quickly as possible. This strategic shift allows us to address the root causes of the grid’s instability, strengthening the grid’s…

Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. This week, BI’s Polly Thompson took an inside look at how artificial intelligence is set to upend a pillar of the white-collar world: the Big Four.On the agenda today:But first: Tesla’s robotaxis are taking the wheel.If this was forwarded to you, sign up here. Download Business Insider’s app here.This week’s dispatch Robin Marchant/Getty, Sean Gallup/Getty, Tyler Le/BI Tesla’s big betI remain in awe of self-driving cars.I took my first Waymo earlier this year in San Francisco. Like any newbie,…

Nuclear power is poised to grow significantly as investment picks up around the world after a long period of stagnation, according to Goldman Sachs. The nuclear industry suffered from years underinvestment in the wake of the Fukushima nuclear accident in Japan in 2011. But the sector is now at an inflection point as governments around the world agree that nuclear will play a key role in the transition to energy that emits less carbon, according to Goldman. Global investment in nuclear power has increased rapidly over the past four years, with a compound growth rate of 14% compared to about…

Don’t have cash for the offering plate at church on Sunday? Just use bitcoin.Weaving bitcoin into the same conversation as Sunday service might seem odd, but it’s now a reality for some churches in the United States, where church leaders are embracing modern technology.Last month, Pushpay, a financial services company for churches, published the 2025 State of Church Tech report. It surveyed over 1,700 church leaders across the United States from ministries of different sizes, denominations, and budgets.”The most tech-forward churches are starting to think of tech not just as operational or administrative. They see it as part of the…

Physical therapy company Hinge Health went public this week in a blockbuster move for the digital health market. Now, as a public company, Hinge Health is planning to keep investing heavily in AI to automate care delivery further.It’s the first healthcare delivery startup to IPO in years — and for the first mover, it’s setting a strong example. In the first quarter of the year, Hinge Health recorded an 81% gross margin and brought in $123.8 million in revenue with a $17.1 million profit, giving investors the high margins and the profitability they’ve long sought in healthcare IPOs.CEO Daniel Perez…