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Crude Oil
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, …
Coal Company
BHP Retreats From Comments About Moving On From Anglo Bid
BHP Group has been forced to walk back from comments about having moved on from its failed Anglo American Plc bid to prevent its hands being tied by the UK take…
Oil & Gas Trade
Nigeria Sees Objections to Shell Oil Asset Sale Resolved Soon
Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they shou…
Oil&Gas Drilling
Kinetiko Spuds Second Well In Production Test Program In South Africa
South Africa-focused gas exploration company Kinetiko Energy Ltd. spudded the 271-06PT well in the Mpumalanga Province. This is the second well in the company&r…
Wind Farm
TotalEnergies, Partners Ink Initial Land Contract for Morocco RE Project
A joint venture between TotalEnergies SE and EREN Group, along with two Danish firms, has signed a Preliminary Contract for Land Reservation for a one-gigawatt …
Natural Gas
Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs
espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…
Decarbonization
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…
Solar Panel
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…
United States
US Governors Push Back on PJM After Record-High Power Plant Prices
A group of five governors on Tuesday urged PJM Interconnection, the largest U.S. grid operator, to change the process it uses to determine the price paid to pow…
Power Construction
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden, sending the stock to a record high.Alm…
Natural Gas
Big Oil Sees AI Boom Driving ‘Crazy Demand’ for US Natural Gas
A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming …
Wind Power Project
Developers Nab Leases to Build New England Floating Wind Farms
Avangrid Inc. and Invenergy LLC units secured leases to install wind turbines across some 439,000 acres in the Gulf of Maine during a US government auction Tues…
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Combined Heat and Power
Australia’s First Manufacturing Facility Fully Powered By Renewable Energy
After a multi-year collaboration with us, Mars has announced a renewable energy milestone. Mars Petcare facility at Wodonga (Mars Wodonga) in Victoria will beco…
Wind Farm
Port Of Tyne Supports Construction Of World’s Largest Wind Farm
A significant milestone has been reached in the construction of Sofia, the world’s largest offshore wind farm, with the Port of Tyne playing an integral r…
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