Latest news

Indonesia
Jun 11, 2024

Indonesia sees 2024 biodiesel consumption rising to 12.5-13 mln kilolitres

Indonesia's unblended biodiesel consumption in 2024 is seen rising to 12.5 million13 million kilolitres from 12.2 million kilolitres in 2015, an energy ministry official said on Tuesday,...

North America
Jun 11, 2024

Canadian oil and gas producers bump up costs, market group says

Canadian oil and gas producers will invest an estimated C$ 40.6. billion ($ 30.07 billion) on capital projects this year, up. somewhat from C$ 39 billion in...

Africa
Jun 11, 2024

OPEC+ to consider extending voluntary oil output cuts, sources state

OPEC+ will think about extending voluntary oil output cuts into the 2nd quarter, three OPEC+ sources informed , to provide additional assistance for the market, and could...

North America
Jun 11, 2024

Sempra improves capex by 20% as California, Texas drive power demand

U.S. electric utility Sempra on Tuesday raised its fiveyear capital investment plan by 20%. to $48 billion, as power need growth in Texas and California. stimulates investments....

East European Countries
Jun 11, 2024

BP asks US regulators to turn down Venture Global's permit extension request

BP Plc on Tuesday urged U.S. regulators to decline Endeavor Global LNG's ask for an extension of time to develop its Calcasieu Pass export plant. BP states...

North America
Jun 11, 2024

First Solar swings to quarterly revenue, forecasts greater sales in 2024

First Solar on Tuesday swung to a profit in the fourth quarter and projection higher sales in 2024 on resistant need for renewable energy. Solar module supply...

Western Europe
Jun 11, 2024

Siemens Energy CEO states it bought wind system based on 'sound' intel

Siemens Energy carried out farreaching due diligence measures prior to its complete takeover of wind turbine unit Siemens Gamesa, its CEO said, rebuffing investor criticism that significant...

Western Europe
Jun 11, 2024

Endeavor Global LNG states it won't supply personal documents unless ordered

Venture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA and Galp Energia with private files on a Louisiana export terminal's...

Italy
Jun 11, 2024

Italy approves decree to revamp its EU-funded recovery strategy

Italy's federal government on Monday approved a decree to ensure the timely enforcement of its EU-funded recovery strategy, which consists of 6.3 billion euros ($ 6.83 billion)...

Vietnam
Jun 11, 2024

Vietnam aims to produce 100,000-500,000 tons of hydrogen a year by 2030

Vietnam aims to produce 100,000500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's. hydrogen development strategy...

Germany
Jun 11, 2024

Germany's LEAG plans to build four gas power plants

Coal miner and power generator LEAG, owned by Czech energy company EPH, plans to construct gasfired power stations at four places in Germany as part of a...

Switzerland
Jun 11, 2024

Solar company Meyer Burger announces rights issue plan, shares tumble

Swiss solar panel maker Meyer Burger on Friday called a remarkable conference to approve a 200 million250 million Swiss franc ($ 227 million$ 284. million) rights problem...

France
Jun 11, 2024

UAE dropped from financial criminal activity watch list in win for nation

The United Arab Emirates, home to the financial center of Dubai, has actually been dropped from an international watchdog's list of nations at risk of illicit money...

North America
Jun 11, 2024

United States drillers add many oil rigs in a week because November

U.S. energy firms today included the most oil rigs given that November, and the most in a month since October 2022, energy services firm Baker Hughes stated...

China
Jun 11, 2024

China 2023 coal power approvals increased, putting climate targets at threat

China authorized 114 gigawatts (GW) of coal power capacity in 2023, up 10% from a. year previously, with the world's top carbon polluter now at risk. of...

Europe
Jun 11, 2024

France's Engie takes $774 mln hit on US wind turbines, rate drop

France's Engie said on Thursday it booked a 714 million euro ($ 774 million). impairment charge last year as a result of concerns with onshore. wind turbines...

United States
Jun 11, 2024

Leader Natural reports strong FY production as Exxon takeover looms

Leader Natural Resources on Thursday reported 2023 production that exceeded its prior forecast, as the U.S. shale manufacturer works to close its about $ 60 billion purchase...

Europe
Jun 11, 2024

European benchmark gas contract is up to its lowest considering that May 2021

The benchmark frontmonth agreement at the Dutch TTF center on Thursday hit its least expensive intraday level since May 2021, LSEG data showed. The contract has actually...

Oil & Gas
Jun 11, 2024

Venezuelan bonds gain back location in prominent JPMorgan debt indexes

Venezuela's sovereign bonds and those of state oil company PDVSA will go back to JPMorgan's. highlyinfluential emerging market bond indexes over a. threemonth period starting from completion...

Canada
Jun 11, 2024

Teck Resources anticipates to close coal unit sale to Glencore by Q3, CEO states

Canadian miner Teck Resources Ltd plans to close the sale of its steelmaking coal unit to Glencore no behind the third quarter of 2024, CEO Jonathan Price...

Nordic States
Jun 11, 2024

Danish farmers worried carbon tax will cause lower production

Denmark's farmers on Wednesday voiced concerns that plans to levy a carbon emission tax on farming as part of efforts to fulfill Denmark's ambitious environment objectives would...

North America
Jun 11, 2024

Suncor Energy beats quarterly revenue approximates aided by higher production

Canada's Suncor Energy beat Wall Street estimates for fourthquarter revenue on Wednesday, as the oil and gas producer was helped by higher production. The business posted adjusted...

Germany
Jun 11, 2024

Germany's SEFE weighs financial investments in hydrogen storage, pipelines

German nationalised gas trader SEFE is exploring transforming a few of its underground storage caverns and pipelines to clean hydrogen, its CEO stated, suggesting this might include...

North America
Jun 11, 2024

GM says Cadillac Lyriq again receives $7,500 US EV tax credit

General Motors said on Wednesday the car manufacturer's Cadillac Lyriq is once again eligible for a U.S. $7,500 electric lorry tax credit after a. battery sourcing modification...

Germany
Jun 11, 2024

Siemens Energy CEO: fixing onshore wind business will take years

Siemens Energy is positive it can solve quality concerns at its onshore wind department however that process could take numerous years, its CEO said in composed remarks...

Asia
Jun 11, 2024

Sri Lanka to propose 18% power tariff cut to regulator, minister states

Sri Lanka's government will propose an 18% cut in electricity prices for households on Thursday, a top authorities stated, aiming to alleviate high living expenses for millions...

United States
Jun 11, 2024

Marathon Oil beats earnings estimates on greater production

Marathon Oil beat Wall Street estimates for fourthquarter profit on Wednesday as the U.S. shale manufacturer got a boost from greater production. Marathon reported a rise in...

North America
Jun 11, 2024

USDA's Vilsack confident in E15 fuel growth for 2025

U.S. Agriculture Secretary Tom Vilsack stated on Tuesday he was confident that broadened sales of gasoline with higher blends of ethanol would be available throughout the country...

Singapore
Jun 11, 2024

Singapore to need departing flights to use sustainable fuel from 2026

Singapore prepares to require all flights departing the nation to use sustainable aviation fuel (SAF) from 2026, its transportation minister said on Monday, as the citystate joins...

Asia
Jun 11, 2024

Coal India to bid for 3 mines in important minerals auctions in Feb.

Staterun Coal India will bid for 3 blocks in important minerals auctions carried out by the nation's mines ministry in February, Chairman and Managing Director P M...

East European Countries
Jun 11, 2024

Veolia consents to buy Hungarian gas-fired power plant from Uniper

French utility Veolia has consented to purchase a. 430-megawatt, gas-fired power plant in Hungary from Uniper. , the companies said, marking the German group's latest. asset disposal...

Asia / Pacific
Jun 11, 2024

Russian oil manufacturer Rosneft's annual earnings rises to $14 billion

Russia's biggest oil producer Rosneft on Monday reported a 47.2% jump in 2023 internet profit to 1.3 trillion roubles ($ 14.07 billion) and said it was working...

Japan
Jun 11, 2024

Toyota Industries deals with crackdown for engine emissions unfaithful - Nikkei

Japan's transportation ministry is preparing action versus a Toyota Motor Corp affiliate for cheating engine emissions tests, including perhaps withdrawing accreditation for some engine types, Nikkei reported...

ASEAN Countries
Jun 11, 2024

Singapore to impose green fuel levy on flights from 2026

Travellers will need to pay of the shift towards green jet fuel, Singapore's transportation minister said as he announced the city state's prepare for a levy on...

Asia
Jun 11, 2024

Australia lists nickel as 'important mineral' to open billions in support

Australia categorized nickel as a critical mineral on Friday, breaking the ice for the crisishit market to access billions of dollars in low-cost government loans, as its...

Power Markets
Jun 11, 2024

Prysmian indications tape-record $5.4 billion of handle Germany's Amprion

Italy's Prysmian, the world's largest cablemaker, signed three agreements with Amprion worth 5 billion euros ($ 5.4 billion), the two groups said on Thursday, in the current...

United States
Jun 11, 2024

Occidental says CrownRock deal postponed by FTC demands of 'whatever'.

Occidental Petroleum on Thursday stated a U.S. regulator's second ask for details on the acquisition of shale manufacturer CrownRock has pushed back the offer's closing date to...

North America
Jun 11, 2024

United States Home to vote on Biden's LNG time out, White Home defends move

The U.S. House of Agents will vote as quickly as Thursday on an expense that attempts to reverse President Joe Biden's time out on approvals of liquefied...

United States
Jun 11, 2024

United States Home to vote on Biden's LNG pause, White House defends move

The U.S. House of Agents will vote as quickly as Thursday on a bill that attempts to reverse President Joe Biden's pause on approvals of liquefied natural...

United States
Jun 11, 2024

Berkshire cuts Apple, sheds four stocks, mum on brand-new financial investment

Berkshire Hathaway on Wednesday said it has trimmed its substantial stake in Apple and shed four typical stock holdings, and kept investors thinking on what could be...

United States
Jun 11, 2024

United States legislators ask EPA to drop guideline needing farms to report manure emissions

U.S. Congress members from both political celebrations have been prompting the Environmental management Agency not to propose a rule that would need farms to report on air...

North America
Jun 11, 2024

Energy Transfer earnings increase in Q4 on gas liquids require growth

Energy Transfer reported on Wednesday higher adjusted revenues for the 4th quarter of 2023 on the back of increased demand for gas liquids, and projection revenues would...

North America
Jun 11, 2024

Canada rebrands carbon tax refunds to fend off opposition attacks

The Canadian federal government, seeking to safeguard its signature carbon tax from opposition attacks, on Wednesday announced a brand-new branding strategy to underscore that the policy implies...

United Kingdom
Jun 11, 2024

Long-lasting United States ban on brand-new LNG export jobs would have significant effect, Shell executive states

A prolonged U.S. restriction on brand-new melted natural gas (LNG) export projects would have rather an impact on the fastgrowing global market, a senior Shell executive said...

Europe
Jun 11, 2024

Europe's long term LNG agreements will not fill demand-supply gap-Shell

The longterm liquefied natural gas (LNG) contracts that Europe has actually signed so far will not fill a demandsupply space for the rest of this decade, a....

North America
Jun 11, 2024

Georgia Power states Vogtle System 4 atomic power plant reaches initial urgency

U.S. electrical and gas energy Southern Co on Wednesday said its Vogtle nuclear plant's System 4 had safely reached preliminary criticality, an essential step to ultimately kick...

North America
Jun 11, 2024

Canadian First Country sends out notification of opposition to Obsidian Energy drilling strategies

A Canadian First Country on Wednesday stated it has actually told the Alberta Energy Regulator that oil and gas producer Obsidian Energy can not proceed with strategies...

Mining
Jun 11, 2024

IEA to introduce security program for minerals crucial to energy sector

The International Energy Company is releasing a program to protect the supply of minerals vital to energy security, as demand increases quickly while manufacturing remains in the...

North America
Jun 11, 2024

Oil industry, green groups challenge Biden offshore drilling plan

Oil and gas business and ecological groups on Monday filed dueling legal challenges to the Biden administration's fiveyear strategy to offer drilling leases in the Gulf of...

United States
Jun 11, 2024

Bullish financiers drop economic downturn calls for very first time given that April 2022

Worldwide financiers are at their most bullish in two years this month and no longer expect a recession, as self-confidence grows in the durability of the underlying...