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Crude Oil

Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling

The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil …

Power Construction

Bangladesh Fast Tracks Payment To Adani Power After Supply Cut

Bangladesh is accelerating payment of more than $800 million it owes Adani Power (ADAN.NS), ahead of a Nov. 7 deadline set by the Indian company, which has cut …

Wind Power Project

Sweden Rejects Baltic Sea Wind Farms, Citing Defence Concerns

Sweden has rejected applications to build 13 offshore wind farms in the Baltic Sea due to defence concerns, while giving the go-ahead to one on its west coast, …

Carbon Neutrality

Shanghai Unveils Green Shipping Plan as New Emissions Rules Loom

The government in Shanghai wants to convert the world’s busiest port into a center for greener shipping.China’s biggest city aims to build its capacity to sup…

Distributed Grid

UK Power Hits 11-Month High as Reliance on Europe Reaches Record

UK power prices jumped to their highest in almost a year as the country imports electricity from Europe at record levels.The day-ahead price for delivery Tuesda…

Power Construction

California Faces Risk of Power Cuts With Winds Boosting Fire Threat

California residents face power shutoffs this week as warm, dry winds sweep the state, threatening to tear down utility lines and spark wildfires.Edison Interna…

Decarbonization

Oil, Gas Companies Told To Cut Emissions By One-third Under Planned Cap

Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being publis…

Biofuel

BP Venture Eyes Investment to Make Green Jet Fuel in Argentina

The Pan American Energy Group, half-owned by British oil major BP Plc, is mulling an investment to make clean jet fuel at its refinery outside Buenos Aires, acc…

Nuclear Reactor

Nuclear-Hungry AI Campuses Need New Plan to Find Power Fast

Tech giants looking to quickly power massive artificial intelligence centers will need to come up with new strategies after US regulators quashed Amazon.com Inc…

Offshore Wind Power

UK Can Meet 2030 Clean Power Target With Less Wind Than Promised

The UK has a narrow pathway to achieve the government’s goal of a clean power grid by 2030, and it may not need as much offshore wind as promised to get t…

Energy Storage Project

2gwh Gravitational Energy Storage Project Earmarked For Mine In Mount Isa

2GWh gravitational energy storage project earmarked for mine in Mount Isa, AustraliaGreen Gravity will look to repurpose shafts in two Queensland copper mines s…

Oil Price

Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn

ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the …

Oil & Gas Trade

South Africa Oil Group Seeks to Amend New Law to Woo Investors

Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramap…

Photovoltaic （PV）

Huasun To Supply 1 Gw Of HJT Products To Xinjiang Silk Road, Annually

China’s Huasun will collaborate with the state-owned Xinjiang Silk Road in the production of high-efficiency heterojunction (HJT) photovoltaic products, t…

Oil & Gas Trade

Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …