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OPEC
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …
Crude Oil
Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia…
India
India's Fuel Demand Slips to 10-Month Low in September
India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.
Crude Oil
U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…
Natural Gas
PepsiCo to Make Cheetos and Lay's Chips Using Dutch Green Electricity
PepsiCo on Friday announced plans to phase out use of natural gas at a factory in the Netherlands and adopt a system based on renewable electricity.
Natural Gas
Europe's Crisis Measures to Tackle Energy Price Spike
European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…
Wind Farm
First Wind Farm Repowering in Africa
Escrapalia, the specialised auction platform of the Surus Group, is auctioning 73 wind turbines as part of the project to modernise the Koudia Al Baida wind far…
Wind Farm
Spanish Company Surus to Take Part in the First Wind Farm Repowering in Africa
The Surus Group, through its online platform Escrapalia, has put 73 wind turbines up for public auction. They come from the Koudia Al Baida Wind Farm, located i…
United Kingdom
Cost of UK Support to Cap Energy Bills to Be Set Out on Friday
Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months.
Tidal Energy
Sustainable Tidal Energy, EV Charging & Hydrogen Power
News roundup: the potential of sustainable tidal energy, GenCellEnergy’s off-grid EV charging & Siemens’ green hydrogen plant in Germany
Crude Oil
Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt
Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project
EU
EU Watchdog Backs ESG ‘Quality Label’ for Market Benchmarks
The European Union's markets watchdog said on Friday that a 'quality label' for market benchmarks would help prevent investors being misled by environmental, so…
Tidal Energy
EMEC Scores Funding for Hydrogen Trailers at Tidal Power Project Site
Net Zero & Energy Secretary Michael Matheson at EMEC site on Eday with hydrogen transport trailer (credit EMEC)The European Marine Energy Centre (EMEC) has been…
Pumped Storage
Estonian Mine to Be Turned Into Pumped Hydro Facility
Preliminary design and environmental impact assessment for Estonia’s first pumped storage hydroelectric plant is underway under the guidance of Estonian energy…
Natural Gas
Germany Reaches 75% Gas Stocks Target Ahead of Schedule
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on …
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