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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…
Geothermal Power Plant
Mitsubishi Power Receives Order for Facility Retrofit at the Darajat Geothermal Power Plant in Indonesia
Darajat Geothermal Power PlantIntroduction of state-of-the-art steam turbine to increase power generation output by 8 MW compared to before the retrofit, to 129…
Geothermal Power Plant
Mitsubishi Power Receives Order for Facility Retrofit at the Darajat Geothermal Power Plant in Indonesia
Darajat Geothermal Power PlantIntroduction of state-of-the-art steam turbine to increase power generation output by 8 MW compared to before the retrofit, to 129…
Smart Grid
Siemens Teams For Digital Twin Of Dutch Grid
Alliander is using digital twin technology from Siemens to reduce grid congestion and increase grid utilization in the Netherlands. Using Gridscale X will allow…
Electricity Trade
Spanish Renewables Industry Warns Of Threats To Investment
The mismatch between increasing supply of renewable power and electricity demand that is struggling to grow, coupled with depressed wholesale power prices, thre…
Oil Price
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…
Battery
US Power Grid Added Battery Equivalent Of 20 Nuclear Reactors In Past Four Years
Faced with worsening climate-driven disasters and an electricity grid increasingly supplied by intermittent renewables, the US is rapidly installing huge batter…
Decarbonization
Iberdrola Profit Jumps 50% As Focus On US, Britain Pays Off
Europe's largest utility Iberdrola (IBE.MC), opens new tab posted on Wednesday a 50% increase in net profit for the first nine months of the year, in a sign…
Oil & Gas Trade
Eurozone Industry Makes Gains Ahead of ECB Meeting
Eurozone industry rebounded in August, offering a ray of optimism for the beleaguered factory sector as European Central Bank policymakers prime to cut interest…
Crude Oil
U.S. Crude Oil Stockpiles Fall Unexpectedly
U.S. crude oil stocks fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record …
Oil & Gas Trade
Energy & Utilities Roundup: Market Talk
1506 ET – Oil futures settle higher in a day of ups and downs. The EIA reported an unexpected weekly crude stock draw, with lower imports offsetting an in…
Oil&Gas Drilling
Totalenergies Expects Continued Refining Weakness, Lower Hydrocarbon Production
TotalEnergies TTE 0.76%increase; green up pointing triangle said continued pressure on refining margins would take a toll on its downstream results for the thir…
Energy Investment
Brazil’s Potencial to Invest $109 Million to Turn Biodiesel Plant Into World’s Largest
Brazil's Grupo Potencial announced on Tuesday an investment of 600 million reais ($108.86 million) to increase biodiesel output at one of its plants, giving…
Wind Turbine
Türkiye Among Top 5 in Europe in Boosting Wind Capacity
The installed capacity in the first six months of 2024 has already exceeded the wind installations for 2023, which were 397 megawatts.The reasons for this consi…
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