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Victoria Launches First Australian Offshore Wind Auction
The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
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Palmetto extends gains and hits a two-week high due to stronger Dalian palm oil
Malaysian palm oil futures rose to a new two-week high on Monday, continuing gains for the second consecutive session, supported by higher 'Dalian palm oil' prices. The benchmark 'palm oil' contract for November delivery at the Bursa Derivatives exchange in Malaysia was up 50 Ringgit or 1.01% to 4,979 Ringgit ($1,231.21) per metric ton.
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Iran says US energy companies are exposed and vows to respond if they are attacked by Iran
Iran warned on Monday that it would retaliate if the United States launched any more attacks against its assets. It said that the energy supply chain in the region was "sprawling and accessible" and that U.S. companies operating there were also exposed. Mohammad Baqer Qalibaf, the speaker of the Iranian Parliament…
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European Investment Bank lends Elia EUR1 Billion for Princess Elisabeth Energy Island
The European Investment Bank has granted a EUR1billion ($1.2billion) credit facility to Belgian electricity transmission network operator 'Elia' for its Princess Elisabeth Island energy project in North Sea. The artificial island will be located 45 km off the coast of Belgium. It…
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South Korea's electricity demand is set to rise on the back of AI boom, as nation considers expanding nuclear energy
According to the energy minister, South Korea's demand for 'power' in the future will surge due to plans by Samsung Electronics and SK Hynix of expanding production 'and building new AI data centers'. Kim Sung Whan, Minister of Climate, Energy and Environment, said that the AI-driven power requirements?alone?
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Malaysian data centers consume more power in the face of high temperatures
Officials said that Malaysia's data centers are using more power as the temperatures rise. This leaves a gap of 9 gigawatts…
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Palm rises in third session due to weather and firm soyoil
The market for Malaysian palm oil futures rose for the third consecutive session on Tuesday as weather risks to production…
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Navitas Petroleum faces criminal charges in Argentina for drilling on the Falklands
The Argentine government announced on Monday that it will file criminal charges against the energy company Navitas Petroleum…
Latest news
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Australia's Santos acquires additional 3.3% interest in Papua LNG
Santos, a subsidiary of Australia's Santos Group, announced on Monday that it had purchased an additional 3.3% stake in 'the…
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Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the Italian oil company Eni improved its chances to'recover more than $2.3bn owed by Venezuela' with the…
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Officials say that Nepalese rescuers are focusing on 900 workers from the hydropower sector, but 121 of them could be trapped underground.
Rescuers in Nepal searched for over 100 hydropower workers trapped in tunnels on Monday, days after four miraculous rescues…
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Data centers are being built in Argentina's Patagonia, a region characterized by its windswept landscape.
Investors looking for mega data centers are increasingly interested in Argentina's Patagonia. They're attracted by its cool temperatures…
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Media reports: South Korea and the US agree to invest more than $20 billion in gas plants in Texas
South Korea and the United States agreed to a $22.3 billion investment by Seoul in a gas project in Texas, according to a…
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Nepal observes National Day of Mourning after Deadly Flood
The government continued its search efforts despite four miraculous rescues over the past few days. The home ministry announced…
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Teodoro, a Filipino, says China can exploit the US-South Korean military exercises
Philippine Defense Secretary Gilberto Teodoro stated on Monday that China may see the recent reductions in U.S.-South Korean…
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No sign of the once busy port at flood-devastated China-Nepal Border
Around 20 'Chinese rescuers in bright orange used?excavators and shovels as well as ground-penetrating Radar detectors to…
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Chinese national rescued 10 days after flash flooding from Nepal tunnel
Authorities said that a Chinese national was rescued 'alive' from a Nepalese tunnel on Saturday. This happened 10 days after a wall of rock…
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Schedule for US Energy Data in Holiday Week
Labor Day, which falls on Monday Sept. 7, will affect the release of certain?major data in the energy sector scheduled for the month of September.
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official of one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Citadel, a hedge fund giant, is reportedly looking to purchase US assets for shale production.
Citadel has been in talks with a?U.S. Five people with knowledge of the matter have confirmed that Citadel is considering…
Shale Oil & Gas
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Teodoro, a Filipino, says China can exploit the US-South Korean military exercises
Philippine Defense Secretary Gilberto Teodoro stated on Monday that China may see the recent reductions in U.S.-South Korean…
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Schedule for US Energy Data in Holiday Week
Labor Day, which falls on Monday Sept. 7, will affect the release of certain?major data in the energy sector scheduled for the month of September.
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Baker Hughes reports that US energy companies have not changed their rig count for the second week in a row.
Baker Hughes, a leading energy services company, said in a closely watched report released on Friday that U.S. firms have…
LNG
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San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline…
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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy…
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
Renewables
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Nepal observes National Day of Mourning after Deadly Flood
The government continued its search efforts despite four miraculous rescues over the past few days. The home ministry announced…
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No sign of the once busy port at flood-devastated China-Nepal Border
Around 20 'Chinese rescuers in bright orange used?excavators and shovels as well as ground-penetrating Radar detectors to…
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Chinese national rescued 10 days after flash flooding from Nepal tunnel
Authorities said that a Chinese national was rescued 'alive' from a Nepalese tunnel on Saturday. This happened 10 days after a wall of rock…
