1

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…

Green Hydrogen

Engie And Morocco's OCP Renewables Deal Worth Billions, Says Source

Morocco's phosphates and fertilizer giant OCP and French energy firm Engie ENGIE.PA signed a preliminary agreement on Monday for projects that could generat…

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…

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…

Hydrogen Project

Ge Vernova To Supply Gas Turbine For YTL Powerseraya’s Hydrogen-ready Power Plant In Singapore

GE Vernova has secured a contract to supply its 9HA.01 gas turbine for YTL PowerSeraya’s new 600MW hydrogen-capable combined cycle gas turbine (CCGT) powe…

Battery

LG Energy Solution Announces ESS Revenue Growth, New Products

LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…

Oil Price

BP Beats Estimates Despite Lower Oil Prices

FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter.On Tuesday, it posted an underlying replacement cost profit, used as a pr…

Oil Price

Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data

Oil steadied — after tumbling the most in more than two years on Monday — as the market focused on the prospect for easing hostilities in the Middle East and …

China

China’s Cobalt King Hits Output Goal Months Ahead of Schedule

The world’s No. 1 cobalt miner smashed through its full-year output target last quarter after a speedy ramp-up that’s piled pressure on global price…

Solar project

How American Tax Breaks Brought a Chinese Solar Energy Giant to Ohio

From the outside, these are the hallmarks of the 21st century clean energy manufacturing boom promised by the Biden administration, the result of sweeping incen…

France

QatarEnergy Takes 50% Stake In TotalEnergies Solar Project In Iraq

QatarEnergy, one of the world's top suppliers of liquefied natural gas, said on Monday it had agreed to take a 50% stake in TotalEnergies' 1.25-gigawatt…

United States

NextEra Plans To Raise $1.5 Billion To Fund Energy Projects

Utility firm NextEra Energy (NEE.N), said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.Utility firms across …

Natural Gas

Beach Energy delivers first gas from Thylacine West to Otway Gas Plant

Beach Energy has announced the start of gas production from its Thylacine West 1 and 2 development wells in Australian waters, following their connection to the…