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Crude Oil

Argentina Agrees Fuel Price Rise Caps with Firms, Pledges FX Access

Argentina on Monday reached an agreement with major oil firms operating in the country to put a cap on fuel price increases in a bid to keep costs at the pump d…

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…

Brazil

Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan

Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestm…

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

Wind Farm

ACCIONA Energía to Double Australia’s MacIntyre Wind Precinct to 2GW

Infrastructure developer ACCIONA Energía has announced plans to develop the 1000MW Herries Range Wind Farm, an expansion of the MacIntyre Wind Precinct in Quee…

Pumped Storage

Australian Firms Enter JV for 4.5GW Storage Development in Victoria

It will be integrated with new renewable generation and green hydrogen production.

SMR

UK to Unveil Plans to Push Ahead with SMRs

The government has ambitions to triple UK’s nuclear power generation

Energy Investment

Canadian Banks Slammed for Continued Fossil Fuel Investments

Canadian banks are receiving backlash from investors for their continued investments in fossil fuels.

Hydrogen Production

ACWA Power, PTT, and EGAT Support Thailand Through Use of Green Hydrogen

ACWA Power, PTT, and EGAT have signed a landmark MoU with a view to embarking on green hydrogen and derivatives projects that meet the Southeast Asia country’s…

Energy Storage Battery

Rolls-Royce to Supply 30MW Battery Solution to Balance Dutch Grid

A large-scale battery storage system from Rolls-Royce – touted to be the largest in the Netherlands – is the latest to help the Dutch grid manage its overflow…

Natural Gas

Ofgem’s Market Reform Proposals Criticised by British Gas Owner

Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”

Energy Saving

UK Government Unveils £1bn ECO+ Energy Efficiency Scheme

It will extend support to those who currently do not benefit from any other government support to upgrade their homes, targeting the least energy efficient home…

Hydropower Plant

Zimbabwe Power Shortage to Worsen as Hydro Plant Halts Generation

Zimbabwe's prolonged power shortage is set to worsen after the entity that manages southern Africa's biggest dam ordered suspension of electricity generation at…

Crude Oil

UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources

Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in Ja…

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…