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Wood Mackenzie: LNG for Power Generation Emits 'Significantly' Less Than Coal
Wood Mackenzie has published a new report comparing the life cycle emissions of LNG with those of coal for power generation, finding the combustion of coal is related to significantly higher emissions.Wood Mackenzie’s analysis in the report titled 'Shining a light on the ‘coal versus LNG emissions’ debate' reveals the lifecycle emissions of U.S.
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Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional…
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NEO Energy and Repsol to Merge UK Oil and Gas Assets
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK…
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Global Wind Capacity in 2024 Falls Short Despite Reaching a Record
A record 117 gigawatts of wind power capacity was installed worldwide last year, slightly more than in 2023, but far less than needed to achieve goals to decarbonise energy, a report by the Global Wind Energy Council said on Wednesday.WHY IT'S IMPORTANTThe world needs to shift to renewable sources…
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EDP Renovaveis Expects Core Recurring Profit in 2025
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net income in the first quarter.The renewables arm of Portugal's EDP said earlier…
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US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies…
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Documents and sources indicate that Mexico's Pemex intends to reopen its wells in order to boost production.
According to four sources and two documents, the Mexican energy company Pemex is planning to reopen some old wells to increase production.
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Republican US lawmakers support IRA energy tax credit
Republican U.S. legislators sent a letter on Thursday to the chair of the House Ways and Means Committee expressing their…
Latest news
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Texas oil drilling applications at 4-year low as producers consider OPEC+ increase, trade war
Enverus, a consultancy, said that oil and gas drilling permits in Texas, which is the leading U.S. state for oil production…
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Enel to focus on buyback of shares after strong Q1
Enel's management stated on Thursday that it is focused on introducing an share buyback program and negotiating a renewal…
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US House passes bill regarding Trump's Gulf of America
The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf…
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Wind energy company EDPR expects its core recurring profits to rise 13% by 2025
EDP? EDP? Portugal's EDP, the renewables division of EDP, announced earlier that it had a net loss for its first quarter…
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Increased US Natural Gas Storage Capacity in 2024
The U.S. Energy Information Administration said that underground natural gas storage capacity will increase in 2024 in the Lower 48 States…
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Document: Mali is pressed to pay an 'enormous debt' for a regional dam
A letter obtained by reveals that Mali owes over $94 million to an entity which manages a dam, which provides electricity to Senegal…
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Coal India will invest $3 billion in clean energy projects for a boost to renewables
Coal India said it would set up clean energy project of around 4.5 gigawatts for a cost 250 billion rupees ($3 billion) as…
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Cenovus Energy, a Canadian energy company, beats its quarterly profit forecasts on the back of higher production
Cenovus, a Canadian oil and natural gas company, reported a decline in its first-quarter profits on Thursday. However it…
Offshore Oil & Gas
Shale Oil & Gas
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Draft shows EU will work to more flexible filling targets for gas storage
A draft EU document revealed that the European Commission would work to develop more flexible targets so EU countries can…
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Cornwall Insight: Britain to see a 5% increase in energy prices by April
Analysts at Cornwall Insight predicted that Britain's energy price cap would rise by almost 5% this April. Cold weather and…
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Lebanese Government to seek new IMF program, policy statement states
According to a policy document approved by the Cabinet late Monday, the new government in Lebanon will negotiate with IMF…
LNG
Renewables
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Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP…
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Researchers find that China's clean-energy investments are on par with global fossil fuel investments.
According to a recent analysis by the U.K.-based Carbon Brief, China will invest 6.8 trillion yuan (about $940 billion) in clean energies in 2024.
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Draft shows EU to relax state aid rules for green projects
According to a draft document of the European Commission, businesses could be able to get state aid or other financial incentives…
