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Natural Gas
Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion
Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…
OPEC
Reuters Survey: OPEC Cut 710,00 Bpd in November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according…
Wind Power Project
EU Determined to Secure Its Wind Energy Industrial Base
The European Commission is launching “Clean Tech Europe”, a new platform to strengthen its value chains for clean energy.
Nigeria
Nigeria Aims to End Imports of Petroleum Products Next Year
Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.
Natural Gas
Shell to Acquire Nature Energy
Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sa…
LNG
Europe to Raise LNG Import Capacity Significantly Through 2024
The EU and the UK are expected to raise their combined LNG import capacity by 34%, or by 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021.
LNG
QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany
QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2…
Emissions Trading System
EEX Exchange to Host German Carbon Auctions for Another 3 Years
The European Energy Exchange (EEX) has won the tender to host auctions of emission allowances on behalf of the German government for three years from 2024, exte…
EDF Signs for Additional 2 Billion Euros of Loans
Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …
Crude Oil
Exxon to Exit Equatorial Guinea Amid Wider Africa Crude Phaseout
Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to t…
Italy
Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…
Solar Technology
EU Continues to Be at the Forefront of Clean Energy Research
The rapid development and deployment of home-grown clean energy technologies in the EU is key to the response to the current energy crisis, the European Commiss…
Electric Car
Technology Trending: Community Solar, Battery Production and Supply and Japan E-Mobility
Scaling up battery production in Europe, advancing e-mobility with battery supply in Japan and a new community solar project in New York, are on the week’s tec…
Smart Meter
Europe’s Smart Electricity Meter Penetration Reaches 56%
This corresponds to the deployment of about 9.2 million meters across the region, the EU27+3, during the year taking the total from 163 million units at the end…
Energy Transition
Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were s…
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