Technip Energies missed profit forecast due to M&A costs and delayed investment decisions
Technip Energies, a French energy infrastructure company, reported a third-quarter profit that was below expectations. This sent its shares down, as the acquisition-related expenses and delayed client decisions on final investment investments weighed heavily on the results.
Russia strikes Ukraine energy grid, one death reported
Officials said that Russia had launched a barrage overnight of drones and rockets against Ukraine's energy infrastructure, forcing power restrictions across the country and killing a person in Zaporizhzhia. As the winter months approach, Prime Minister…
Zelenskiy: Ukraine has the funds to import 70% of the gas needed for this winter.
The President of Ukraine, Volodymyr Zelenskiy, said that Ukraine has secured funds to purchase 70% of its natural gas needs for this winter. He also stated that the Ukrainian Government would cover the remaining funding. He appeared to be reassuring Ukrainians that they will have enough energy this winter…
Energy Minister: Orenburg plant in Russia restarts gas imports from Kazakhstan field
Kazakhstan's Energy Minister said that the Russian Orenburg gas plant was damaged by a drone strike on Sunday. It has since resumed receiving natural gases from Kazakhstan's Karachaganak gas field. As part of Kyiv’s campaign to destroy Russian energy infrastructure…
Karachaganak, a Kazakh gas producer, reduces output after a drone strikes a Russian gas plant
The operator of Kazakhstan's Karachaganak Oil and Gas Condensate Field said in an email on Tuesday that production levels have been reduced following "an accident" at Russia's Orenburg Plant. Two industry sources said that on Monday, a Ukrainian drone strike against the Orenburg Gas Processing Plant…
EBRD aims to increase support for Ukraine Naftogaz
President of the European Bank for Reconstruction and Development said that the bank is looking to increase its support for Ukraine’s state oil and natural gas company Naftogaz after Russian attacks this month on the country’s energy infrastructure.
Sources say that Venture Global has been in talks with Ukraine about providing it with more LNG.
Three people have confirmed that Venture Global is in talks with Ukraine about selling it more liquefied gas from its Plaquemines plant, located in Louisiana. This comes as winter approaches and Russia continues to attack Ukraine's infrastructure. According to two people…
Sources say that Western pressure will affect Asian purchases of Russian oil in December.
U.S.-European pressure on Asian buyers could limit India's oil purchases from December. This would lead to cheaper supplies in China. However, Japan is unlikely to stop its Sakhalin LNG shipments at this time, according to trade sources and analysts.
Colombia wins offshore wind bid by CIP of Denmark
The head of Colombia's hydrocarbons agency announced on Thursday that a subsidiary from Denmark's Copenhagen Infrastructure Partners, CIP, had bid to develop a wind project for the first round of the South American nation's offshore energy auction.
Zelenskiy believes that peace in the Middle East can lead to peace in Russia
On Thursday, Volodymyr Zelenskiy, the Ukrainian president, said that the momentum of the Middle East Peace Process would help to end the more than three-and-a-half-year-old conflict between his country and Russia. Zelenskiy posted on Telegram that "we have a meeting with President Trump planned tomorrow.
States sue Trump to stop cancellation of $7 Billion Solar Grant Program
According to court documents, nearly two dozen states have filed a lawsuit against the Trump administration for canceling a $7 billion grant aimed at increasing solar energy in low income communities. In a Thursday statement, California Attorney-General…
US, UK Ramp Up Pressure on India to Stop Russian Oil Imports
Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms.Ukrainian President Volodymyr Zelenskiy is schedule…
Kyiv reports that a Russian drone and missile barrage has hit Ukraine's gas installations.
Volodymyr Zelenskiy, the president of Ukraine, said that Russia had launched an overnight attack on Ukraine targeting infrastructure with more than 300 drones. He said that the attack was on targets in central Vinnytsia, Poltava, and the northeastern regions of Sumy, Kharkiv, and Kharkiv.
India's EAAA Alternatives will invest up to 400 billion rupees over the next five years in clean energy
A top executive at Indian money manager EAAA Alternatives said that the company is looking to invest around 400 billion rupees over the next 4 to 5 years in India's clean-energy sector, targeting around 8 gigawatts through its funds. EAAA Alternatives…
Ukraine wants to increase its gas imports by 30% following Russian attacks
Ukraine wants to increase its natural gas imports from Russia by 30% after Russian airstrikes damaged the gas infrastructure in Ukraine, which Ukrainian Energy Minister Svitlana Hynchuk described as significant on Tuesday. In recent weeks, Russia has intensified its attacks against Ukraine's energy industry.
Overnight air strike by Russia on Ukraine's energy infrastructure
Ukraine's Energy Ministry said that Russia launched an overnight drone and missile attack on several Ukrainian areas, with a primary focus on energy infrastructure. The attack involved 381 drones, 35 missiles and facilities in eastern Kharkiv and central…
Australia's renewables drive powers a 'golden rush' of big battery bets
Investors in Australia’s battery energy storage industry are taking advantage of the chaos on the spot markets. They have been emboldened by Australia’s efforts to expand its renewable energy infrastructure. Investors in the sector are now funding projects…
Sources say that OPEC+ is planning to increase oil production in November.
Three sources familiar with the discussions said that OPEC+ is likely to approve another increase in oil production of at least 137,000 bbls per day during its meeting on Sunday. The group's desire to gain market share has been boosted by the rising price of oil, they added.
Palm trades at a tight range while traders wait for price outlook
Malaysian palm futures were traded in a narrow range on Friday as traders awaited top analysts' price forecasts at an industry conference later that day in India. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for December delivery fell 8 ringgit or 0.18% to 4…
Russia downgrades gas exports, production outlook
Russia's forecasts for 2025 gas and oil exports have been lowered, while projections on oil exports have increased. The fallout of its conflict with Ukraine as well as its strained relations with the West continue to impact the energy sector. While Russia's economy is still thriving despite the sanctions…