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Released September 08, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Orsted, States Sue Feds Over Revolution Wind Cancellation - Danish offshore wind developer Orsted A/S (Fredericia, Denmark) and Rhode Island and Connecticut filed suit against the Trump administration last week, alleging its decision to block construction of the nearly finished Revolution Wind offshore wind project is illegal. U.S. officials issued a stop-work order to Revolution Wind, citing unspecified national security concerns. The order forced the suspension of a project that was 80% complete with all offshore foundations in place and 45 out of 65 wind turbines installed. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)
CRUDE OIL
EU Sticking to Russian Oil Exit by 2028, Energy Chief Says - The European Union (EU) is sticking to its plans to phase out Russian oil by 2028, the bloc's energy chief told Reuters on Friday, adding that he had not faced pressure from Washington to bring forward this deadline. "Not only has Putin weaponized energy against us, blackmailed member states, we are actually also indirectly helping finance Putin's war, and that needs to stop. And if President Trump agrees to that, then that is only a welcome support, because that is certainly our main objective," Energy Commissioner Dan Jorgensen said in an interview. (Reuters)
India to Continue to Buy Russian Oil Despite U.S. Tariffs, Says Finance Minister - India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration's decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. New Delhi has said its purchases of Russian oil have kept the markets in balance. U.S. President Donald Trump, who is seeking to broker an end to the Ukraine conflict, has said India's oil imports are helping fund Moscow's war effort and imposed a 50% tariff on imports from India last month. Finance Minister Nirmala Sitharaman, speaking on local news channel CNN-News18, said India, the world's third-biggest oil importer and consumer, had no plans to eschew Russian supplies. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
POWER
Orsted, States Sue Feds Over Revolution Wind Cancellation - Danish offshore wind developer Orsted A/S (Fredericia, Denmark) and Rhode Island and Connecticut filed suit against the Trump administration last week, alleging its decision to block construction of the nearly finished Revolution Wind offshore wind project is illegal. U.S. officials issued a stop-work order to Revolution Wind, citing unspecified national security concerns. The order forced the suspension of a project that was 80% complete with all offshore foundations in place and 45 out of 65 wind turbines installed. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)
CRUDE OIL
EU Sticking to Russian Oil Exit by 2028, Energy Chief Says - The European Union (EU) is sticking to its plans to phase out Russian oil by 2028, the bloc's energy chief told Reuters on Friday, adding that he had not faced pressure from Washington to bring forward this deadline. "Not only has Putin weaponized energy against us, blackmailed member states, we are actually also indirectly helping finance Putin's war, and that needs to stop. And if President Trump agrees to that, then that is only a welcome support, because that is certainly our main objective," Energy Commissioner Dan Jorgensen said in an interview. (Reuters)
India to Continue to Buy Russian Oil Despite U.S. Tariffs, Says Finance Minister - India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration's decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. New Delhi has said its purchases of Russian oil have kept the markets in balance. U.S. President Donald Trump, who is seeking to broker an end to the Ukraine conflict, has said India's oil imports are helping fund Moscow's war effort and imposed a 50% tariff on imports from India last month. Finance Minister Nirmala Sitharaman, speaking on local news channel CNN-News18, said India, the world's third-biggest oil importer and consumer, had no plans to eschew Russian supplies. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
