Latest news

Germany
Jun 12, 2024

Germany to enable carbon transport, sub-seabed storage, minister says

Germany will alter its co2 storage law to permit carbon capture and offshore storage for specific industrial sectors as Europe's most significant economy intends to become carbon...

Germany
Jun 12, 2024

Germany to earmark 4 bln euros for market decarbonisation subsidies - source

The German government will allocate some 4 billion euros ($ 4.31 billion) for aids to assistance energyintensive companies switching to green production, a. government source told on...

Ukraine
Jun 12, 2024

EU sees no requirement to extend deal on Russian gas transit by means of Ukraine

The European Union sees no need to extend a contract to transfer Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end...

Australia
Jun 12, 2024

Wild weather cuts power, sparks bushfires in Australia

Hundreds of thousands of locals across Australia's Victoria state stayed without power on Wednesday after wild weather condition tore down transmission lines and sparked bushfires that hurt...

Australia
Jun 12, 2024

Numerous thousands lose power in Australia after weather condition downs power lines

Big chunks of Australia's. Victoria state lost power on Tuesday afternoon when a significant. power plant closed down since a storm knocked out parts of the. state's...

North America
Jun 12, 2024

Storm discards snow on US Northeast, closing schools and grounding flights

A powerful, fastmoving winter season storm was blanketing the U.S. Northeast on Tuesday with heavy snow, creating treacherous driving conditions for countless Americans, while forcing schools to...

United Kingdom
Jun 12, 2024

Britain announces 1 billion pound auction for renewable power projects

Britain's next auction round to spur eco-friendly power jobs will deserve over 1 billion pounds ($ 1.3 billion), government spending plan files revealed on Wednesday. The federal...

Western Europe
Jun 12, 2024

France's 2023 deficit spending to miss 4.9% target, Le Maire states

France will miss its target of lowering the 2023 budget deficit to 4.9% of its gross domestic product and will require additional spending cuts, French Finance Minister...

South-West Asia
Jun 12, 2024

TotalEnergies, Qatar expand Orange Basin holdings to South Africa

TotalEnergies and Qatar's oil company on Wednesday stated they would buy a stake in a licence to seek oil and gas off South Africa as part of...

Africa
Jun 12, 2024

Tullow Oil swings into loss, but eyes returns after 2025

Tullow Oil swung into a loss in 2023 after cutting the worth of reserves in one of its West African oilfields, as its chief executive stated the...

United States
Jun 12, 2024

US unrefined stocks increase less than projection as refining ramps up- EIA

U.S. petroleum stockpiles last week increased less than expected as refining rates picked up sharply, information from Energy Info Administration (EIA) revealed on Wednesday. Unrefined stocks increased...

South America
Jun 12, 2024

Brazil's sugar production predicted to fall 4.8% in 2024/25, says Datagro

Brazilian mills in the primary sugar area of CentreSouth (CS) are forecasted to produce 4.8% less sugar in the new season that begins in April, compared with...

Asia / Pacific
Jun 12, 2024

Stellantis to invest $6 billion in Brazil by 2030

Carmaker Stellantis will invest 30 billion reais ($ 6.07 billion) in Brazil in between 2025 and 2030, it said on Wednesday, aiming to launch over 40 new...

United States
Jun 12, 2024

OFFICIAL-Republican-led states vow to sue United States SEC over environment threat disclosure guidelines

Ten Republican-led states will file a suit difficult brand-new U.S. guidelines that U.S.-listed business must report climate-related threats, West Virginia Chief Law Officer Patrick Morrisey said on...

China
Jun 12, 2024

China Jan-Feb coal imports increase 23% y/y to highest level for the duration

China's coal imports in the first 2 months of 2024 rose 23% from the corresponding period a year previously, information showed on Thursday, rising to the greatest...

United Kingdom
Jun 12, 2024

Harbour Energy's $32 mln yearly profit curbed by Britain's windfall tax

Harbour Energy, the largest British North Sea oil and gas manufacturer, reported on Thursday a net profit of just $32 million for 2023, as the UK's. windfall...

Turkey
Jun 12, 2024

Turkey indications energy cooperation deal with Somalia

Turkey signed an overseas oil and gas cooperation deal with Somalia on Thursday, the Turkish Energy Ministry said, even more reinforcing bilateral ties after agreeing a defence...

North America
Jun 12, 2024

US drillers cut oil and gas rigs for very first time in 3 weeks - Baker Hughes

U.S. energy firms today cut the number of oil and natural gas rigs operating for the very first time in three weeks, energy services firm Baker Hughes...

North America
Jun 12, 2024

TC Energy briefly shut Keystone oil pipeline on unfounded leakage issue

TC Energy temporarily closed down the Keystone oil pipeline on Thursday to examine a South Dakota landowner's report about a possible leak that showed unproven, the Canadian...

North Asia
Jun 12, 2024

Russia's deficit spending expands in Feb as spending gets

Russia's budget deficit increased nearly fivefold in February as it increase spending, expanding to 1.47 trillion roubles ($ 16.3 billion) or 0.8% of gross domestic item, the...

Asia / Pacific
Jun 12, 2024

China's top lawmakers to safeguard sovereignty, security interests

China's top legislators on Friday pledged to enact brand-new laws to modernise China's system and capability for national security and secure the nation's. sovereign interests. The roughly...

Central America
Jun 12, 2024

Mexico's Pemex reports 44% surge in financial obligation given that October

Mexican state oil business Pemex's debt with suppliers and specialists surged 44%. between its October and February debt reports, reaching 139.12. billion pesos ($ 8.20 billion). According...

Asia / Pacific
Jun 12, 2024

Russia's February oil and gas budget plan earnings increases 40% m/m

Profits from oil and gas sales for Russia's federal budget plan leapt 40% in February from the previous month to 945.6 billion roubles ($ 10.36 billion),. finance...

Africa
Jun 12, 2024

New $1.3 bln energy fund for transmission links across Southern Africa

The Southern African Power Pool (SAPP) and investment consultants Environment Fund Managers on Tuesday introduced a brand-new $1.3 billion target fund to build highvoltage transmission lines connecting...

United Arab Emirates
Jun 12, 2024

ADNOC says AI included $500 mln of additional worth in 2023

Abu Dhabi National Oil Business's (ADNOC) use of expert system produced $500. million of extra value in 2015, it stated on Tuesday. The state oil giant said...

Malaysia
Jun 12, 2024

WTO backs EU in logging case against Malaysia

The European Union scored a. success at the World Trade Company on Tuesday as an. adjudicating panel rejected a Malaysian grievance versus an EU. decision that biodiesel...

South America
Jun 12, 2024

Brazil's Petrobras states it ended up examination into agreement with Unigel

Brazil's staterun oil company Petrobras said in a filing on Monday that it has ended up an investigation over an agreement with chemical business Unigel and found...

Nordic States
Jun 12, 2024

UK's Hunt set to extend energy windfall tax by one year, sources say

British finance minister Jeremy Hunt is set to reveal a oneyear extension of a. windfall levy on energy companies' profits in this week's budget,. market sources informed...

Asia / Pacific
Jun 12, 2024

Germany's gas tariff puts EU energy uniformity at danger, energy commissioner states

Germany's levy on crossborder gas trading puts the EU's energy uniformity at threat and hurts efforts to cut the bloc's dependence on Russian gas, the bloc's energy...

Iran
Jun 12, 2024

Iran to reach 1.3 bcm of gas output a day in five years, minister states

Iran's gas output will reach 1.3 billion cubic metres (bcm) daily in 5 years, Iran's Oil Minister Javad Owji said on Sunday according to the semiofficial Student...

Asia / Pacific
Jun 12, 2024

Yellen sees big jump in US imports from Chile, eyes advance on green shift

U.S. Treasury Secretary Janet Yellen on Saturday forecasted expanding demand for lithium a core component required in batteries for electrical lorries would boost U.S. imports from Chile...

Asia / Pacific
Jun 12, 2024

Financiers purchase 'Splendid 7' tech stocks and crypto - BofA

Financiers poured the most money into technology stocks given that August in the week to Wednesday and doubled the quantity they take into cryptocurrencies, according to a...

Asia / Pacific
Jun 12, 2024

Yellen says U.S. committed to G20 finance work in spite of divisions over war language

U.S. Treasury Secretary Janet Yellen said on Friday that Washington was strongly devoted to G20 financing ministers' work, regardless of the group's. failure to reach agreement on...

United States
Jun 12, 2024

United States oil and gas rig count increases to greatest since September- Baker Hughes

U.S. energy companies this week added oil and natural gas rigs for a 2nd straight week to their greatest considering that September, energy services firm Baker Hughes...

Europe
Jun 12, 2024

Spain's Acciona 2023 earnings rise powers shares greater

Acciona stated its net earnings rose by 23% to 541 million euros ($ 585 million) last year, beating analyst projections and lifting the Spanish energy and building...

Italy
Jun 12, 2024

Sosteneo buys 49% of Enel's battery organization for 1.1 bln euros

Italy's most significant utility Enel said on Friday it had signed an arrangement to offer 49%. of its energy storage service to Generali's Sosteneo. for around 1.1...

Energy Markets
Jun 12, 2024

Getlink sees lower profits as increase from energy market fades

Getlink, which runs the undersea tunnel between France and Britain, on Thursday forecast a drop in core profits this year as a return to more typical conditions...

United States
Jun 12, 2024

UK energy services firm Hunting beats annual earnings view on robust contracts

British energy services firm Searching Plc beat market expectations after it reported a nearly twofold boost in annual revenue on Thursday, boosted by robust contract wins across...

North America
Jun 12, 2024

Canada backs Bruce Power pre-development work for brand-new nuclear with C$ 50 million

Canada on Thursday said it would invest up to C$ 50 million ($ 36.8 million) to support predevelopment work needed to develop a brand-new nuclear station at...

South-West Asia
Jun 12, 2024

Russian government confirms gasoline export ban for 6 months from March 1

The Russian government confirmed on Thursday it will enforce a sixmonth ban on fuel exports from March 1 to keep prices steady The choices taken are focused...

Oil & Gas
Jun 12, 2024

Deltic Energy Withdraws from Shell-Operated Pensacola Discovery in North Sea

AIM-listed natural resources investing company Deltic Energy has withdrawn from the Shell-operated license in the Southern North Sea due to the inability to secure a farm-out or...

Asia / Pacific
Jun 12, 2024

International oil need to grow by 1.9 mln bpd in 2024, states Wood Mac

Worldwide oil demand will grow by 1.9 million barrels daily (bpd) this year, according to a. forecast by energy research study business Wood Mackenzie, a forecast. near...

Europe
Jun 12, 2024

US utility-scale solar setup struck all-time high in 2023, research group states

Utilityscale solar projects in the United States included a record 15 gigawatts (GW). of capacity in 2023, up 60% from the year prior and marking an. alltime...

Spain
Jun 12, 2024

BBVA to establish brand-new worldwide financing system for clean technologies

Spain's BBVA will established a brand-new global financing unit focused on tidy innovations and innovation as part of its plans to expand into sustainable company, the lender's...

Africa
Jun 11, 2024

10s of thousands get away in new age of ruthless Mozambique attacks

Tens of thousands of Mozambicans are fleeing their homes in the restive Cabo Delgado province amid a rise in deadly insurgent attacks considering that January. The attacks,...

Carbon Emissions
Jun 11, 2024

United States SEC to vote on long-awaited environment disclosure guideline, notification says

Wall Street's leading regulator will vote on March 6 on whether to adopt guidelines requiring U.S.listed business to report climaterelated threats, the firm said in a. notice...

South-East Asia
Jun 11, 2024

Pertamina to heighten expedition in Indonesia's east amid greater oil, gas output targets

Indonesia's state energy business Pertamina wishes to heighten its exploration efforts in the country's eastern regions, a senior official stated on Wednesday, as it targets higher oil...

Europe
Jun 11, 2024

Portugal's EDP Renovaveis revenue drops 50% as revenues decrease

Portugal's EDP Renovaveis ( EDPR), the world's fourthlargest wind energy manufacturer, stated on Wednesday its 2023 net profit plunged 50% to 309 million euros ($ 334.5 million)...

Western Europe
Jun 11, 2024

Spain's Endesa misses out on expectations on lower energy and gas rates

Spanish power utility Endesa published a lowerthan expected 71% decline in its 2023 net profit on Wednesday, hit by falling demand for energy and lower costs. Gas...

North America
Jun 11, 2024

Uday Shankar to be vice chair of India's merged Reliance-Disney media business -sources.

Former Walt Disney executive Uday Shankar will be named as vice chairman of the board following a merger between the India media assets of Reliance Industries and...