Sources: Eneva, a Brazilian company, is in negotiations with Maha to form a joint venture in Venezuela
Two sources who have direct knowledge of this matter said that Eneva, a Brazilian energy firm, is evaluating options to enter Venezuela's oil and gas sector. It is also in discussions with Maha Capital from Sweden about forming a joint venture. According to a source who did not want to be identified…
Tesla executives announce that the company is expanding its solar strategy to include more employees.
According to senior executives, Tesla is currently hiring to help support Elon Musk’s plan to become the largest U.S. manufacturer for solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production.
Tesla executives are hiring to support Musk’s solar expansion strategy
According to senior executives, Tesla is currently hiring to support Elon Musk’s recent announcement to become the largest U.S. producer of solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production.
RWE looks to buy LNG from ADNOC in Germany as it moves to diversify its supply
RWE signed a preliminary agreement with Abu Dhabi National Oil Company on Friday. The German utility stated that it could purchase LNG for European markets as Berlin strives to diversify their energy partners. The German Chancellor Friedrich Merz has…
Norway's Kongsberg Group Q4 exceeds forecast
Norwegian defence contractor, Kongsberg Group,?on Friday?reported a larger than expected increase?in its operating profit for the fourth quarter?and that the order backlog has increased by 11% during the last three months of 2025. The earnings before…
US rooftop solar installers restructure, cut jobs as homeowner subsidies expire
Residential solar companies in the U.S. are preparing to see a sharp drop in their business after the expiration?of a federal tax credit which helped fuel more than a decade's rapid growth. This has led to layoffs, reorganizations and even some company failures.
US auctions drilling rights in Alaska Reserve on March 9
On Thursday, the Trump administration announced that it would sell oil and gas?drilling?rights across 5.5 millions acres of Alaska’s National?Petroleum Reserve. This sale is?the first in a series of at least five that President Donald Trump signed into law with his One Big Beautiful Bill Act last year.
Texas anti-ESG Law declared unconstitutional in the US by a US judge
A federal judge ruled that a Texas law enacted in 2021 restricting the state's investments to?companies who seek?to reduce their reliance on fossil fuels, or boycott this industry. The U.S. district judge Alan Albright made his decision public on Wednesday.
Top tax official: India monitors evolving crypto-trading to ensure tax compliance
India has been in contact with cryptocurrency exchanges for a while to gauge the changing trading activities. It is also seeking to monitor newer crypto products. India does not regulate cryptocurrencies. However, global crypto exchanges like Binance…
Vestas' fourth-quarter operating profit lags forecasts, expects 2026 sales growth
Vestas, a wind turbine manufacturer, reported Thursday a fourth-quarter operating loss that was below expectations. However it said they expect revenue growth and increased profitability in 2026 despite tariff and geopolitical risk. Vestas operating…
GRAINS-Chicago soya beans jump to a two-month high after Trump's comments
Chicago Board of Trade soybean contracts hit a 2-month high following remarks by U.S. president Donald Trump regarding China purchasing more U.S. soyabeans, traders said. In a recent post on the Truth Social platform, Donald Trump said that China "has…
Bunge's forecast profit is below estimates due to trade and biofuel uncertainties
Bunge Global, the world's biggest oilseed processor, forecast lower-than expected profit in 2026 on Wednesday. The company is navigating commodity market volatility as well as?tight?margins that took a toll last year. Bunge, a Missouri-based company…
Mexico's Pemex will supply $496 million worth of oil to Cuba by 2025
Mexico's Pemex provided crude oil and petroleum products worth $496m to Cuba in 2025, through a contract that was effective since 2023. The shipments of oil to Cuba has increased tension between Mexico and the U.S. after U.S. president Donald Trump…
GRAINS-Chicago soya beans jump to a two-month high after Trump's comments
Chicago Board of Trade soybean contracts hit a two month?high following remarks by U.S. president Donald Trump regarding?China purchasing more U.S. soy beans, traders said. In a posting on?his Truth Social Platform, Trump stated that China "raises the…
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - The top executive of a German utility Uniper played down European concerns about the growing dependence on liquefied gas from?the United States while he emphasized the need for diversification in supply sources. The pursuit by President Donald Trump of "energy dominance"…
TSX futures advance as oil and gold gain on US-Iran tension
The futures that track Canada's main index of stocks rose Wednesday, as precious metals continued to?gain. Meanwhile, oil prices rose amid simmering tensions in the Middle East following the U.S. shooting down an Iranian drone. As of 5:35 a.m., March futures for the S&P/TSX Composite Index were up 0.5%. ET.
Prices for gas in Europe rise due to lower winds and tensions between the U.S. and Iran
The benchmark British and Dutch wholesale prices of gas rose, as fears about the increasing tensions between Iran and the United States and the declining wind output increased. LSEG data revealed that the benchmark Dutch 'contract for March' at the TTF hub had risen by 2.00 euros?to $33.30 per megawatt-hour…
What is the purpose of Europe? It must act fast: Stephen Jen
We all know someone who seems to be cursed with bad luck. Europe is beginning to resemble that unfortunate person, as it faces both internal and external problems. The region now needs a clear purpose and an ambitious plan to reach it. The challenges that Europe faces are external…
Eni's LNG market for 2026 is 'finely balancing' due to Asian demand and a thin supply
An Eni executive stated that the global LNG market will remain 'finely balanced' this year due to thin supply buffers and low European inventories, as well as a resurgent Asian demand. This leaves little room for weather-related shocks. Eni's Cristian…
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - A top executive of German utility Uniper played down European concerns about increasing reliance on liquefied gas (LNG), which is imported from the United States. He said that companies sign contracts with 'firms, not governments', and stressed the importance of diversification.