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Wood Mackenzie: LNG for Power Generation Emits 'Significantly' Less Than Coal
Wood Mackenzie has published a new report comparing the life cycle emissions of LNG with those of coal for power generation, finding the combustion of coal is related to significantly higher emissions.Wood Mackenzie’s analysis in the report titled 'Shining a light on the ‘coal versus LNG emissions’ debate' reveals the lifecycle emissions of U.S.
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Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional…
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NEO Energy and Repsol to Merge UK Oil and Gas Assets
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK…
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Global Wind Capacity in 2024 Falls Short Despite Reaching a Record
A record 117 gigawatts of wind power capacity was installed worldwide last year, slightly more than in 2023, but far less than needed to achieve goals to decarbonise energy, a report by the Global Wind Energy Council said on Wednesday.WHY IT'S IMPORTANTThe world needs to shift to renewable sources…
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TotalEnergies Seeks $16B Permit For Green Hydrogen Project in Chile
Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday.The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers for green
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House committee makes changes to increase US oil and coal production on federal land
This week, a House of Representatives committee will examine sweeping changes in the nation's drilling programs for oil and gas…
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Oman's sovereign wealth fund signs preliminary agreement with Algeria to invest in a fund
The Oman Investment Authority has signed a preliminary deal with the Algerian Finance Ministry for establishing an investment…
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Industry leaders claim that despite volatility, US Gulf oil production could reach 2.4 millions bpd.
Leaders in the oil and gas sector said that the U.S. Gulf of Mexico could continue to grow oil production despite geopolitical…
Latest news
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Democratic-led states file suit to stop Trump's cancellation of wind project
On Monday, a coalition of Democratic attorneys general filed a lawsuit to stop President Donald Trump from suspending leasing…
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World Bank supports Bosnia's energy transformation with $90.7 Million loan
The World Bank approved a $90.7-million loan to help Bosnia and Herzegovina "justly transition" from coal to renewable energy…
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Microsoft's Ribera claims that it has complied with European regulations
Teresa Ribera, Vice President of the European Commission, said that Microsoft Chairman Brad Smith told her company to abide…
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Upgrades to the EU's power grid are needed at a cost of trillions of dollars in order to avoid blackouts similar to those that occurred in Spain
To cope with the increasing demand for electricity, and the growing green energy production in Europe, and to prevent blackouts…
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Palm oil falls due to weak crude and Chicago soyoil.
Malaysian palm oils futures continued to decline on Monday as they fell for a fifth consecutive session under pressure from…
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Bukit Asam, Indonesia plans a $3.1 billion plant to convert coal into synthetic natural gas
Bukit Asam, the Indonesian state-owned coal miner, is examining a plan that would invest $3.1 billion in a plant for converting…
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Palm slips due to firmer ringgit and weak crude oil, Chicago soyoil
Malaysian palm futures declined on Monday, continuing to decline for a fifth consecutive session. Pressured by the persistent…
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The growth of the Indonesian GDP in Q1 is at its lowest level for more than three quarters.
Official data released on Monday showed that Indonesia's economy has grown by 4.87% over the past year, its lowest growth rate in three years.
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Brazil calls for sugar talks after saying US ethanol tariffs would be unreasonable
Brazil's Energy and Mining minister Alexandre Silveira stated on Thursday that any potential U.S. Tariff on Brazilian Ethanol would be unreasonable.
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Sources say Vale is in advanced discussions to sell Brazil renewable assets GIP.
Two people familiar with this matter have confirmed that Vale, the Brazilian mining giant, is in advanced discussions to…
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The EPA chief wants to recover $20 billion in climate funding
He said that the head of the U.S. Environmental Protection Agency wants to terminate contracts signed by the previous administration…
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AEP considers a $10 billion increase in its five-year capital expenditure plan to meet data center demand
American Electric Power said on Thursday that it would consider adding $10 billion to the $54 billion capital plan, which is a record.
Offshore Oil & Gas
Shale Oil & Gas
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DTE Energy's capital expenditure plan is increased, but the fourth-quarter profits are lower due to lower rates
DTE Energy increased its five-year plan for capital expenditures by $5 billion, on Thursday. The utility had posted a decline…
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Inpex, a Japanese company, targets FID in 2027 for Indonesia's Abadi Liquefied natural gas project
Inpex Corp., Japan's largest oil and gas exploration company, announced on Thursday that it plans to make its final investment…
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DTE Energy reports a fall in profit for the fourth quarter on lower rates
DTE Energy announced a decline in its fourth-quarter profits on Thursday. The utility was hit by lower electricity prices.
LNG
Renewables
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Sources say Vale is in advanced discussions to sell Brazil renewable assets GIP.
Two people familiar with this matter have confirmed that Vale, the Brazilian mining giant, is in advanced discussions to…
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The EPA chief wants to recover $20 billion in climate funding
He said that the head of the U.S. Environmental Protection Agency wants to terminate contracts signed by the previous administration…
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Maguire: Recovering wind power may cool Europe's hot gas market
The wind-powered electricity produced in Europe in January 2024 was down by more than 7%, denying regional power producers…
