Spain, Portugal, and Luxembourg press for 2040 EU Renewable Energy Target
In a letter that was seen on Tuesday by, Spain, Portugal, and Luxembourg urged the European Union (EU) to set a target for 2040 to expand renewable energy. This has led…
Norway Seizes Russian Ship Over Naftogaz Award
Norway announced on Wednesday that it had taken a Russian vessel at the request from Ukrainian state-owned Naftogaz to ensure the Russian Federation met its obligations.Since 2016…
Norway seizes Russian vessel over Naftogaz Award, says the company
Norwegian authorities have taken possession of a Russian vessel on the request of Ukrainian Naftogaz to ensure that Russia meets its obligations. Naftogaz has been pursuing…
Nepal Flood: Nations missing tourists
Tourism officials confirmed on Thursday that 540 foreigners, from 31 different countries, are among 667 tourists who have gone missing in Nepal following a devastating flood…
Nepal Flood: Nations missing tourists
Tourism officials reported on Thursday that 476 tourists from 29 different countries are among the 570 tourists who have not returned to 'Nepal' after a devastating flood in the Himalayan nation.
Governor says drone attacks cause fires at the Russian energy export port Ust-Luga
On Friday, firefighter battled a blaze at Russia's Baltic Sea port Ust-Luga - a major hub for energy exports - after a fire was sparked by an arial attack, according to…
Iberdrola's profit for the first half of 2018 increased by 22% due to grid investments in Britain, US and Brazil
Iberdrola, the Spanish utility company, announced on Wednesday that its first-half net profit rose by a whopping?22%. Its increase was attributed to higher investments in…
US to build PAC-3 missile facility in Europe
A senior official from Washington said that the United States would establish a facility in Europe to maintain Lockheed Martin’s advanced PAC-3 air defence missile. Washington…
Document shows EU countries have scaled back their plan to finance power grids
A document from an internal negotiation revealed that governments 'have reduced the European Union’s proposal to spend national money on 'the bloc's' energy infrastructure'…
US extends deadline for talks on Lukoil assets until May 30
According to a posting on the Treasury Department's website, the U.S. Treasury Department extended by about a month, or a little more than a month, an existing deadline…
Climate records were broken in nearly all of Europe last year as temperatures soared above average.
Scientists from the EU and World Meteorological Organization reported that?2025 was a hotter than average year for?wildfires and sea temperatures, and for heatwaves. Climate change is accelerating, they said.
Quotations-Reactions from industry leaders and businessmen to Iran's statement that Hormuz was open
Iran's Foreign Minister said that the?Strait of Hormuz is open to all commercial vessels after a ceasefire agreement was reached in Lebanon. The shipping industry and other…
Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96…
Document shows that eight countries have warned the EU against a weakening of carbon markets
Spain, the Netherlands, and six other countries have urged the European Union to not dismantle the emissions trading system of the bloc, which is its primary climate change policy.
Helsinki Energy Group plans to invest heavily in small nuclear reactors
Helen, the city's energy utility, plans to invest between $1.16 billion and $5.78 billion in Small Modular Reactors in the next few years. This was revealed by the head…
Seven countries warn EU against changing the energy market design
Seven EU member states, including the Netherlands, Sweden and Belgium, warned the executive of the bloc 'on Thursday' against interfering in the system that determines Europe's energy price.
Statkraft and OX2 battery deal in Finland to smooth out wind power volatility
Statkraft, the Norwegian state-owned utility, announced on Wednesday that it had signed an agreement for power purchase (PPA) to buy two battery energy systems (BESS), developed…
Sweden and other countries oppose the calls to delay the new EU carbon market
A joint?paper of the countries revealed that Sweden, Denmark and Finland have resisted calls from other European governments to postpone the EU's forthcoming?carbon markets…
Finland's Neste sees flat biofuel volumes in 2026, lagging market forecast
Neste expects little change in biofuel sales by 2026 despite a supportive regulatory environment in Europe, the company said Thursday after it surpassed its quarterly core profit expectations.
Sources say that Nscale, a UK AI company backed by Nvidia, has hired banks to prepare for its IPO.
People familiar with the situation said that Nscale Global Holdings, a British artificial intelligence company backed by Nvidia, has hired Goldman Sachs and JPMorgan in order to prepare for a public offering.