Brazil's eucalyptus sector faces uncertainty due to delayed curbs on the use of native wood fuel
A reforestation association said that an agreement to phase out the use of native forest wood in Brazil's corn-ethanol plants for energy production has been put on ice, creating uncertainty for investment?into eucalyptus?plantations. Otaviano Pivetta has put the agreement…
Energy Minister: Norway will drill in Arctic regardless EU's position
Norway will develop its oil and natural gas resources in Barents Sea despite the European Union’s support for a moratorium of Arctic hydrocarbon supplies. Energy Minister Terje Aasland said Norway no longer views itself as Europe’s “green?battery”. Norway is now Europe's biggest natural gas supplier…
Document shows that Vietnam is considering a second LNG contract term after the Shell deal
According to a document that was reviewed by us, the state-controlled Petrovietnam Gas has begun contacting potential suppliers to secure a five-year contract to purchase liquefied gas. It would be Vietnam's second contract, after a deal with Shell in the first half of this year.
CNOOC completes phase I of Bohai Sea’s first 100-bcm Gas Field
State-owned media reported that China's major oil and natural gas company CNOOC announced a full production start of its Phase I development project at the Bozhong gas field on?August 9. The daily oil and gas output exceeded 5,200 metric tonnes or 37,960 barrels per day.
Vietnam plans to build more coal-fired power plants, as the Iran War complicates LNG plans
The government of Vietnam said that it is looking at building more coal-fired power plants to meet its energy needs. This comes as the 'Iran war' complicates the?slow growth of LNG facilities. Southeast Asia's manufacturing hub seeks to increase its power generation capacity in order to support the fast-growing economy.
Pembina approves Alberta energy project linked to major data centre development
Pembina Pipeline announced on Thursday that it would'move forward with its planned C$4.6 Billion ($3.24 Billion) Greenlight Electricity Centre in Alberta. The project will 'power the development of a major data centre for an unnamed client. The Calgary-based company…
Bloom Energy and Brookfield extend AI infrastructure power partnership by $25 billion
Bloom Energy and Brookfield announced on Tuesday that they had expanded their partnership to finance power projects for AI infrastructure. Their funding framework was increased five-fold to $25 billion in order to accelerate the deployment of Bloom Fuel Cells around the world.
Document says EU Energy Ministers will discuss domestic gas drilling
An internal document obtained by revealed that the energy ministers of European Union countries will discuss the production of domestic?gas? next week as they seek to reduce the economic impact of Iran's war. After the Middle East conflict, which has caused unprecedented disruptions…
Williams beats quarterly profit estimates on higher natural gas demand
Williams Companies, a U.S.-based pipeline operator, surpassed Wall Street's expectations for the first quarter profit on Monday. The company was able to do so by increasing its capacity and boosting service revenues as demand for natural gas increased. Tulsa-based…
Singapore announces $780 Million Package to Cushion Impact of Middle East War
Singapore will provide a package of support worth S$1 billion ($780 millions), including cash and fuel vouchers to help 'offset the impact of the Middle East conflict on the economy, said Senior Minister?of State for finance Jeffrey?Siow. The'measures' are a response…
Iran has been seen as focusing on renewable energy investments with a focus on security and not climate.
Executives at the CERAWeek Conference in Houston said that energy security concerns, which once limited investment into renewable energy, could now accelerate its growth more than climate change worries. This is because oil and gas supplies are facing a new wave of uncertainty due to the war against Iran. The U.S.
Hungary Central Bank to use reserves to fund energy imports
In a Tuesday statement, the central bank of Hungary said it would?provide foreign exchange liquidity from its reserves in excess of 60 billion euros to cover increased foreign currency imports. Central Europe's import-dependent financial markets were shaken by the U.S. and Israeli war against Iran.
OECD: Nuclear and onshore wind are the cheapest ways to meet Sweden's energy needs
The OECD Nuclear Energy Agency stated on Wednesday that expanding nuclear and onshore winds power was the cheapest option for 'Sweden' to meet its surging electricity demands, with no?place left for offshore wind. Sweden aims to achieve a 'net zero emission level by 2045.
The US AI boom is facing an electric shock
The race for artificial intelligence dominance by Big Tech may hit a snag soon as U.S. power grids struggle to keep up with hyperscalers who spend a lot of money. Microsoft, Amazon Alphabet, and Meta are among the technology giants in America that have announced in recent months plans to spend over $600 billion in AI by 2026.
Cubans use solar power to fight blackouts as US tightens its grip on oil
Cubans scramble to install solar panels in their homes, businesses and vehicles as Washington prevents oil from reaching the Caribbean’s largest island. This contributes to electricity generation shortfalls. U.S. sanctions, a deep recession and the economic crisis…
RWE looks to buy LNG from ADNOC in Germany as it moves to diversify its supply
RWE signed a preliminary agreement with Abu Dhabi National Oil Company on Friday. The German utility stated that it could purchase LNG for European markets as Berlin strives to diversify their energy partners. The German Chancellor Friedrich Merz has been visiting the Gulf region to look for new energy sources…
Origin Energy, Australia's coal-fired power station in NSW, will continue to operate until 2029
Origin Energy announced on Tuesday that it will extend the operation all four?units?of its Eraring Power?Station?toApril 2029 to support energy supplies in New South Wales. Eraring's 2,880-megawatt coal-fired power plant was scheduled to close in August 2027. A December report from the Australian Energy 'Market Operator (AEMO)…
Battery boom sparked by China's energy reforms and global data centres
The Chinese energy storage manufacturers are booming as a result of the revamping of China's electric market. According to one estimate, Chinese firms will see a 75% increase in global shipments this year of lithium-ion batteries for energy storage. They have exported…
Qatar is hopeful that the EU will solve corporate concerns about sustainability laws within a year.
Qatar's Energy minister Saad Al-Kaabi stated on Saturday that he hoped the European Union will resolve concerns about its sustainability laws before the end of December. Qatar has expressed its dissatisfaction with the EU Corporate Sustainability Due Diligence (CSDDD), and has threatened gas supply.
Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels. It was never going to be easy to bring nearly 200 countries together with vastly different perspectives and make a statement of commitment to fight climate change.