UK court rejects challenge to the issuing of oil exploration licenses
The High Court of London ruled that Britain's decision on Friday to grant more than 20 oil and gas exploration licenses was legal. This ruling dismissed a challenge from campaigners who claimed the government had failed to take into account the effects on climate change. Oceana UK, a marine conservation organization in the UK, brought…
Japan: Energy security is important when it comes to energy from abroad, including Sakhalin-1.
Japan's Industry Ministry said on Thursday that securing energy from abroad, including the Sakhalin Project is very important for Japan's security of energy. This was in response to a question about U.S. Sanctions on a major shareholder in the Sakhalin-1 Project. Washington sanctioned Russian oil companies Rosneft, Sakhalin-1's largest shareholder…
EDF Considers Selling US Renewable Unit to Focus on French Nuclear
French state-owned utility EDF is considering selling all of its U.S. renewable energy business, its CEO said on Wednesday, as the company focuses on building up its domestic nuclear operations and U.S. support for wind and solar has been rolled back.Bernard Fontana said the company was considering selling "between 50% and 100%" of its U.S.
EDF considers selling the US renewable unit in full to concentrate on French nuclear
EDF, the French state-owned utility, is looking at selling all of its U.S. Renewable Energy business, according to its CEO on Wednesday. The company has a focus on developing its nuclear operations in France, while U.S. wind and solar support has been reduced. Bernard Fontana, who spoke on the sidelines at the Adopt AI Conference in Paris…
Celtic Sea floating wind farm to be developed by EDP and Engie Ocean Winds
Crown Estate, Britain's Crown Estate, announced on Wednesday that Ocean Winds, an Ocean Winds joint venture between Portugal’s EDP Renewables (EDP) and France’s Engie (Engie), has won the seabed lease rights for a floating wind farm of 1.5 gigawatts in the Celtic Sea, off the coasts of Wales and South West England. The UK aims to decarbonise…
The Japanese Governor is set to approve the restart of the world's largest nuclear plant
Kyodo reported that the Japanese governor who oversees the region which is home to the largest nuclear power station in the world is expected to approve its restart this week. The approval is one of the last remaining milestones for Tokyo Electric Power Co to bring back the Kashiwazaki/Kariwa power plant, which was shut down more than 10 years ago after the Fukushima disaster.
Syria signss gas cooperation agreement with ConocoPhillips & Novaterra
Syria's Energy Ministry announced on Tuesday that the Syrian Petroleum Company and U.S. ConocoPhillips have signed a Memorandum of Understanding to expand their cooperation in natural gas. Syria produces only a fraction (of the electricity needed) of what it requires today due to the destruction caused by its 14-year civil conflict.
EUROPE GAS-Prices in Europe rise due to cold weather.
The price of Dutch and British gas contracts increased on Tuesday morning, as the cold weather across Europe boosted demand for gas heating and increased withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.35 euros at 31.75 Euro per megawatt hour at TTF hub, or $10.78/mmBtu by 0901 GMT. The British day-ahead price of gas rose 1.50 pence, to 83.75 p/therm.
DTEK, a Ukrainian company, imports US LNG through Lithuania
The Ukrainian energy company DTEK said that it has imported its first cargo via Lithuania's Klaipeda Import Terminal of U.S. LNG in order to improve energy security for Ukraine as well as other Eastern European countries. DTEK’s trading arm imported cargo from Louisiana’s Plaquemines Plant aboard the GasLog Houston. The cargo was equivalent to 100 million cubic meters, or one terawatt-hour (TWh) of natural gas.
Ukraine imports US LNG from Greece to meet winter needs
The Ukraine will import U.S. liquefied gas from Greece for its winter requirements from December to March of next year. This was announced by Greek and Ukrainian officials on Sunday, during the visit to Athens of President Volodymyr Zelenskiy. Ukraine will import natural gas through a pipeline running across the Balkan Peninsula to…
Trump Administration revokes Biden's limits on Alaskan oil drilling
The Trump Administration finalized on Thursday its rollback of Biden's limits on oil-and-gas drilling in Alaska, the largest area of public land that has not been disturbed by humans. This move is in line with the goal of President Donald Trump to reduce restrictions on domestic gas and oil development, especially in resource-rich Alaska.
IEA Predicts World Oil, Gas Demand Could Grow Until 2050
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus.The Paris-based energy security watchdog also predicted in its annual outlook that the world will likely fail…
Eneos, a Japanese company, warns of rising costs in developing offshore wind businesses
Eneos Holdings - Japan's largest oil refiner that has expanded into renewable energy - warned on Wednesday of the rising cost of developing their offshore wind project. Their CEO said returns were difficult. Eneos' Japan Renewable Energy unit won the government auction in March 2024 to develop a 375 megawatt offshore wind farm in northern Akita Prefecture…
UAE's Dana Gas signs an agreement to explore the revival of Syria gas fields
Dana Gas, based in the UAE, announced on Wednesday that it had signed an initial agreement with Syria's oil company for assessing the redevelopment of natural gas fields damaged by the 13-year-old civil war which made Syria dependent on imports from Iran. The Syrian rebels overthrew longtime president Bashar al-Assad in late 2018. Since then, the country has pursued a new strategic alignment away from Tehran.
What is climate financing and why is it important?
Money is needed by countries that want to switch to clean energy and prepare for the extreme weather conditions, as well as other effects of a warming world. Climate finance is becoming more controversial as the risks and costs of global warming increase. What is climate finance? This is all the funding that comes from governments…
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.
Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and clear policy frameworks identified as key investment landscape criteria Liquefied natural gas, methane…
METI: Sakhalin-1 vital for Japan's energy security as US sanctions Russian shareholders
Japan's Industry Ministry said on Friday that the country's energy safety is dependent on foreign projects including Russia's Sakhalin-1. This comes after new U.S. Sanctions against Rosneft, a major shareholder along with Japanese partners. Washington sanctioned Rosneft, a Russian oil company, and Lukoil last month as the latest step to get the Kremlin's attention to the Ukraine war. The U.S.
Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring CEOs and ministers spotlighted the importance of embracing all energy sources, all technologies…
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
Two sources familiar with negotiations say that Poland is working to secure a deal for the import of liquefied gas from the U.S. in order to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy. The Polish Energy Ministry confirmed the talks late Wednesday night. One source…