German energy company SEFE increases gas storage to ensure winter reserves
SEFE, the German state-owned company that owns SEFE, said Wednesday it has independently increased its natural gas storage levels. This comes as Europe enters winter with lower inventories than in recent years. Germany and other European countries are scrambling for a way to replenish their depleted gas reserves before the winter months.
India opens its nuclear sector to proven technology from abroad
India proposed on Friday a 'tightly supervised approval regime' for private nuclear energy generation. This would open the door to proven foreign reactor technologies. The draft rules and regulations provided the most clear picture of New Delhi's intentions to open up a sector that is heavily guarded to foreign and private investors while maintaining control over entry and operation…
Genel Energy, a Kurdistan-based company, rejects a takeover bid by Norway's DNO
The Norwegian oil firm DNO announced on Friday that it had submitted a takeover bid of PS202 million ($271.8) for its Kurdistan focused rival Genel Energy at the end of last month, but was rejected. Genel shares were up 14% at 57 pence in London trading as of 0725 GMT. This wipes out most of their 17% losses for the year. Oil companies…
Italian court lifts Sardinia's ban on renewable energy permits
The Italian Constitutional Court has ruled that the 'Sardinian Law' which prohibited renewable energy projects from being built in "non-suitable areas" was unconstitutional. This removes a major obstacle to the development of solar and wind power on Sardinia. Sardinia has suffered another setback in its attempts to curtail renewable energy projects by regional laws…
ENN Natural Gas' $11.6 Billion ENN Energy purchase collapses due to regulatory hurdles
ENN Natural Gas failed to secure the necessary regulatory approvals by the deadline of June 12, the companies announced on Friday. The deal, first announced in March of last year at HK$90.50bn ($11.55bn), values ENN Energy as HK$90.50bn ($11.55bn). ENN?Natural gas already owns more than 34% of ENN Energy. According to LSEG data, this makes it the largest shareholder.
Ukraine's Naftogaz signs preliminary agreement to restructure $1.4 Billion in Eurobonds
Naftogaz, the Ukrainian energy company owned by the state, said that it had?reached? a preliminary agreement for restructuring two Eurobond tranches of EUR1.2 billion ($1.38billion) due in this year and 2028. The Russian war is continuing to cause damage to its infrastructure. Subject to approval, the EUR695 ($802,000,000) Eurobond due July 19…
Deka, an investor, says Siemens Energy shouldn't'squander" its wind division
Siemens Energy shouldn't sell its wind division for less than?value. A top-20 shareholder made the statement on Thursday, at the annual general meeting of the group, where the future if the struggling business is a major topic. After U.S. activist investor Ananym called for a review of Siemens Gamesa in December, and a spin-off to boost shareholder value…
Trump's "drill baby, drill" agenda in Venezuela hurts producers at the home
Trump wants $50 oil but it's below the profit level of U.S. Venezuelan oil redirected to squeeze U.S. Venezuelan oil to benefit U.S. HOUSTON, January 9 - U.S. Oil Producers already struggling with low oil prices face renewed pressure as President Donald Trump presses them to increase output in Venezuela – a move which would weaken oil markets, reduce revenues and hurt the industry at home.
The US SEC settles with the former CFO of smart window maker View
Former chief financial officer, View, settled a lawsuit filed by the Securities and Exchange Commission in the United States. The suit claimed that he had negligently allowed View to understate costs of replacing "smart" windows with defective ones. According to a filing made Wednesday in San Jose federal court, lawyers for Vidul Prakash…
Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy, particularly across the hospitality, tourism and transport sectors.
INTERVIEW-Iraq's prime minister: Iraq can only disarm its factions when the US leaves.
Iraq has promised to put all weapons under state control, but this will not happen as long as a U.S. led coalition is in the country, which some Iraqi factions see as an occupier force, said the prime minister on Monday. The Prime Minister Mohammed Shia al-Sudani stated that a plan is still in place for the multinational anti-Islamic State Coalition to leave Iraq by September 2026…
INTERVIEW-Iraq's prime minister: Iraq can only disarm its factions when the US leaves.
Iraq has promised to put all weapons under state control, but this will not happen as long as a U.S. led coalition is in the country, which some Iraqi factions see as an occupier force, said the prime minister on Monday. The Prime Minister Mohammed Shia al-Sudani stated that a plan is still in place for the multinational anti-Islamic State Coalition to leave Iraq by September 2026…
Sources say that Congo's cobalt exporters are still waiting for approvals.
Four industry sources said that cobalt producers are still waiting on government approval for the resume of exports. A quota system was introduced in October and it was expected that shipments would restart immediately. The system replaced an export suspension of several months that had disrupted global supply chain and rattled electric car manufacturers, especially in China, the top consumer.
OPEC+ has agreed to modestly increase oil production from November, according to sources
Three people with knowledge of the situation said that OPEC+ is planning to increase oil production by 137,000 barrels a day (bpd) from November, the same modest increase as October. The Organization of the Petroleum Exporting Countries, Russia and a few smaller producers have increased their oil production targets this year by over 2.6 million barrels per day.
EDF will make 6 GW hydropower available as part of a French agreement with EU
The Prime Minister's Office announced on Thursday that EDF, the French state-owned utility, will offer 6 gigawatts in hydroelectric power to third parties as part of an agreement with the European Commission. The office of Prime Minister Francois bayrou said that this virtual capacity would be sold under the supervision and through competitive auctions by the Energy Regulatory Commission.
Palm prices rise on US tariff relief for Indonesia; slow demand limits gains
Malaysian palm futures rose on Wednesday after recovering from a two-day decline, supported by the news that U.S. exempted Indonesian oil palm from a tariff of 19%, but sluggish market demand outside China limited gains. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery gained 19 ringgit (0.46%) to 4,489 Ringgit ($1,067.54) per metric ton.
Slow demand limits palm gains from US tariff exemptions for Indonesia
Malaysian palm futures rose Wednesday, recovering after a two day drop. Supported by the news that U.S. exempted Indonesian oil palm from a tariff of 19%, but sluggish market demand outside China limited gains. At the midday break, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery gained 40 ringgit or 0.89% to 4,510 Ringgit ($1,072.53) per metric ton.
Thyssenkrupp's $3 billion green steel plan is not entirely dependent on hydrogen
Thyssenkrupp has said that a green steel plant worth 3 billion euros could still be built even if the government's ambitions of building a world-leading hydrogen industry fail. Friedrich Merz of the German opposition, who is expected to win next month's elections and become chancellor, said on Monday that a rapid shift to hydrogen would be unrealistic.
Petrofac UK signss binding agreement with its creditors regarding financial restructuring
Petrofac, a provider of oilfield services, announced on Sunday it had reached a binding agreement on terms for a restructuring with its key financial creditors. The company stated that the plan will include $325 million of new funding as well as the conversion of $772 million of existing debt to equity. In a recent statement, Group…
Mitsubishi buys stake and offtakes ammonia in Texas from ExxonMobil
The Japanese trading house Mitsubishi announced on Friday that it had reached an agreement in principle to purchase a stake and take delivery of low-carbon ammonia produced by ExxonMobil at its hydrogen plant in Texas. As part of its decarbonisation campaign, Japan aims to increase the use of ammonia and hydrogen in power plants and for other uses, such as steel and automobiles.