Ncr

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…

Offshore Wind Power

Canada’s Higgins Mountain wind project gains $118m finance from CIB

Concrete base for a wind turbine platform on the Higgins Mountain site. Credit: CNW Group/Canada Infrastructure Bank.The Canada Infrastructure Bank (CIB) and El…

Green Hydrogen

Spain Increases Green Hydrogen Goal

Spain has increased its target for green hydrogen production capacity in a sign of confidence in an industry that has seen some energy giants scale back plans d…

Nuclear Fuel

Nuclear Fuel Costs Soar as Conversion and Enrichment Bottleneck Strains Supply

Demand for nuclear fuel has increased from the recent expansion of nuclear initiatives worldwide. Credit: Wolf Cocklin via Getty Images.The cost of nuclear fuel…

LNG

300-Meter-Long FPSO Comes to Türkiye: Twofold Increase in Black Sea Gas Production on the Horizon (Photo)

With energy security at the forefront, Türkiye, which is determined to diversify its supplies and lower its dependence on imports through homegrown energy,…

Energy Storage Project

Sonnedix Steps up Solar Capacity in Italy, Eyes Battery Storage Projects

Renewable developer Sonnedix is increasing its solar power capacity in Italy with a series of acquisitions, its CEO told Reuters, adding the company was also lo…

Hydrogen Production

Clean Hydrogen Investments Reach $75B in 2024

The clean hydrogen industry is continuing to grow, with committed investments increasing from $10b across 102 projects in 2020 to some $75b across 434 projects …