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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…

Offshore Wind Power

Petrobras To Start Major Offshore Wind Measurement Campaign Using Brazil-made Floating Lidars

The company will invest BRL 60 million (approximately EUR 9.6 million) in the new measurement campaign which follows a one-year deployment of the first floating…

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…

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…

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…

Nuclear Reactor

Sweden’s Nuclear Revival in Question as Green Hangover Spreads

Sweden’s nuclear revival risks being undermined as more companies pull the brakes on large power-hungry green projects designed to clean up some of the wo…