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Victoria Launches First Australian Offshore Wind Auction
The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
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Biodiesel usage in Indonesia is 10.7 million Kilolitres this year so far, says the ministry
Indonesia used 10,7 million kilolitres of palm oil-based Biodiesel between 'January and early September as it rolled out its 'B50 blend across the country, according to a presentation made by the Energy Ministry at a parliamentary hearing on Tuesday. As of September 7, the total consisted…
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EnergyPathways Selects Jacobs as Tier-1 Engineering, Regulatory Partner
EnergyPathways, an energy transition company, has selected Jacobs to provide planning, regulatory, consenting and environmental services for its proposed LDES project in the Irish Sea and Barrow-in-Furness. This includes assisting the Company in its submission to Ofgem's forthcoming Long Duration Energy Storage Cap and Floor round.MESH…
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Enbridge names Michele Harradence, a veteran in the industry, as the successor to retiring CEO Ebel
Enbridge announced on Tuesday that its CEO Greg Ebel will retire by the end of 2026. He will be replaced by industry veteran Michele Harradence. Enbridge, during Ebel's tenure at the helm, acquired three utilities from Dominion Energy. This helped make Enbridge one of North America’s largest integrated gas utility platforms.
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Beware of financial wildfires in a global heatwave: Mike Dolan
The world economy has not been cooled by two wars or sky-high oil prices. Asset managers are forced to stay invested despite the hot global growth in the second half of this year. Higher interest rates could be the only remaining policy brake. Since the Iran War - which pushed crude oil prices 50% higher…
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EU faces complaints over plans to simplify environmental laws
Environmental campaign groups filed a complaint on Tuesday against the European Commission, accusing it of rushing to overhaul…
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VEGOILS - Palm extends losses to second session as profit taking weighs
Malaysian palm oil futures continued to fall for the second session in a row on Wednesday. Profit-taking was a major factor…
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Berlin: No intervention required to fill up gas storage sites
The economy ministry stated that no government intervention was needed to raise German gas storage levels. This came after…
Latest news
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Clearwater Oil to be created by merger of Tamarack Valley and Headwater for $7.2 billion
The companies announced on Tuesday that Canadian oil producers Tamarack Valley?and?Headwater Exploration would merge in a…
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South Korea's electricity demand is set to rise on the back of AI boom, as nation considers expanding nuclear energy
According to the energy minister, South Korea's demand for 'power' in the future will surge due to plans by Samsung Electronics…
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EU faces complaints over plans to simplify environmental laws
Environmental campaign groups filed a complaint on Tuesday against the European Commission, accusing it of rushing to overhaul…
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The price of VEGOILS - Palm remains flat while traders wait for MPOB demand and Supply data
The price of palm oil in Malaysia remained flat on Tuesday as a result of the 'weather risk' to production. Soyoil prices were also higher.
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Malaysian data centers consume more power in the face of high temperatures
Officials said that Malaysia's data centers are using more power as the temperatures rise. This leaves a gap of 9 gigawatts…
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Palm rises in third session due to weather and firm soyoil
The market for Malaysian palm oil futures rose for the third consecutive session on Tuesday as weather risks to production…
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Officials say that Nepalese rescuers are focusing on 900 workers from the hydropower sector, but 121 of them could be trapped underground.
Rescuers in Nepal searched for over 100 hydropower workers trapped in tunnels on Monday, days after four miraculous rescues…
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Data centers are being built in Argentina's Patagonia, a region characterized by its windswept landscape.
Investors looking for mega data centers are increasingly interested in Argentina's Patagonia. They're attracted by its cool temperatures…
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Media reports: South Korea and the US agree to invest more than $20 billion in gas plants in Texas
South Korea and the United States agreed to a $22.3 billion investment by Seoul in a gas project in Texas, according to a…
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Nepal observes National Day of Mourning after Deadly Flood
The government continued its search efforts despite four miraculous rescues over the past few days. The home ministry announced…
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Teodoro, a Filipino, says China can exploit the US-South Korean military exercises
Philippine Defense Secretary Gilberto Teodoro stated on Monday that China may see the recent reductions in U.S.-South Korean…
Shale Oil & Gas
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Data centers are being built in Argentina's Patagonia, a region characterized by its windswept landscape.
Investors looking for mega data centers are increasingly interested in Argentina's Patagonia. They're attracted by its cool temperatures…
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Media reports: South Korea and the US agree to invest more than $20 billion in gas plants in Texas
South Korea and the United States agreed to a $22.3 billion investment by Seoul in a gas project in Texas, according to a…
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Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the Italian oil company Eni improved its chances to'recover more than $2.3bn owed by Venezuela' with the…
LNG
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San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline…
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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy…
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
Renewables
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Palm rises in third session due to weather and firm soyoil
The market for Malaysian palm oil futures rose for the third consecutive session on Tuesday as weather risks to production…
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Officials say that Nepalese rescuers are focusing on 900 workers from the hydropower sector, but 121 of them could be trapped underground.
Rescuers in Nepal searched for over 100 hydropower workers trapped in tunnels on Monday, days after four miraculous rescues…
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Palmetto extends gains and hits a two-week high due to stronger Dalian palm oil
Malaysian palm oil futures rose to a new two-week high on Monday, continuing gains for the second consecutive session, supported…
