Ut

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…

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…

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…

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 …

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…

Oil Price

Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out

Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…

Battery

LG Energy Solution Announces ESS Revenue Growth, New Products

LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…

Biofuel

Cargill, Bunge Slow Soybean Buying on Stalled US Biofuels Policy

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans due to uncertainty over US biofuels policy.The lack of guidan…

China

China’s Cobalt King Hits Output Goal Months Ahead of Schedule

The world’s No. 1 cobalt miner smashed through its full-year output target last quarter after a speedy ramp-up that’s piled pressure on global price…

Solar project

How American Tax Breaks Brought a Chinese Solar Energy Giant to Ohio

From the outside, these are the hallmarks of the 21st century clean energy manufacturing boom promised by the Biden administration, the result of sweeping incen…

India

JSW Group, Posco To Build 5 Million Tons Steel Factory In India

JSW Group and South Korea’s Posco Group will build an integrated steel factory in India with an initial capacity of 5 million tons a year.The two groups s…

United States

NextEra Plans To Raise $1.5 Billion To Fund Energy Projects

Utility firm NextEra Energy (NEE.N), said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.Utility firms across …