Japan's Terra Drone will boost collaboration with Saudi Aramco in inspections
Terra Drone, a Japanese startup that uses drones to inspect and survey energy infrastructure, has announced it is increasing its cooperation with Saudi Arabian state-owned Aramco in order to inspect oil and natural gas facilities. Terra Drone, a Japanese company…
Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure in Mexico to fund its $56 billion five-year capital expenditure plan. In February, the company forecasted a five-year plan for capital expenditures of approximately $56 billion.
South Korea hosts Alaska Governor, energy team amid talks of gas pipeline
Alaskan state officials, including the governor, and energy officials will visit South Korea Tuesday amid expectations that talks with U.S. ally countries in Asia can revive a natural gas project that has been stalled. The main U.S. Business lobby in…
Prices of EUROPE Gas are down due to milder weather.
The wholesale gas prices in the Netherlands and Britain were lower on Thursday morning. This was after a recovery in the previous session. According to LSEG, the Dutch front-month contract fell by 0.53 euros at 43.19 Euros per Megawatt Hour (MWh) as of 0947 GMT.
Prices of gas in Europe rise following agreement on energy ceasefire
Dutch and British wholesale prices of gas rose on Wednesday, bouncing back from the previous day, after Russian President Vladimir Putin agreed to temporarily halt attacks on energy infrastructure but did not agree to a complete ceasefire. According to LSEG…
Prices of gas in Europe rise due to forecasted lower temperatures
Dutch and British wholesale prices of gas rose on Monday, recovering from the lows reached late last week. This was due to forecasts for lower temperatures, and Russian forces intensifying their attacks against Ukraine. LSEG data shows that the benchmark…
The price of gas in Europe has recovered from a new 5-month low
The European wholesale gas price at the TTF hub has rebounded after dropping to its lowest level in 5 months early in trade, amid protests against gas infrastructure in Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub rose to 39.94 Euros per megawatt hour or MWh…
Ukraine's gas imports are still low despite Russian attacks on gas production
The operator of the state-run transmission system for gas reported that despite the massive Russian missile strike on Ukrainian gas production over night, Ukrainian gas imports remained relatively low on Friday. Naftogaz, the Ukrainian state gas company…
Naftogaz, Ukraine's gas producer, says that the Russian attack has damaged its production facilities.
Ukraine's Energy Minister said that Russian forces had targeted Ukraine's gas and energy infrastructure with their latest drones and missile attacks, which took place on Friday. Rescuers and engineers work to minimize the effects. "All necessary measures are taken to stabilise the power and gas supply…
EIP gains majority stake in BayWa Renewable Energy Unit after capital increase
BayWa AG announced on Sunday that Swiss energy investors Energy Infrastructure Partners (EIP), would acquire a majority stake of renewable energy unit BayWa. Through a capital raise, BayWa AG would reduce its stake from 51% to 35%. In a press release…
Norway's wealth funds continues to invest in renewables, despite the market downturn
A senior fund official stated on Thursday that Norway's $1.8 billion wealth fund, which is the largest in the world, will continue to invest in renewable assets, despite recent market downturns. The fund will also seek out opportunities both in the public and private markets.
Blackstone buys $1 billion Virginia power station near data centers
Blackstone's unit dedicated to energy investments has acquired Potomac Energy Center. The asset manager announced the deal on Thursday. It is a sign of the appeal of data centers located near power plants to investors. Blackstone Energy Transition Partners…
Blackstone buys $1 billion Virginia power station near data centers
Blackstone's unit dedicated to energy investments has acquired Potomac Energy Center. The asset manager announced the deal on Thursday. This is a sign of the appeal of data centers located near power plants to investors. Blackstone Energy Transition Partners…
Trump's Energy Department pick calls for increased LNG and nuclear energy
Chris Wright, the nominee of Donald Trump to lead the U.S. Energy Department told U.S. Senators during his confirmation hearing that his top priority was expanding domestic energy production, including liquefied gas and nuclear power. Wright, 60 believes…
Octopus Energy purchases OX2’s French solar unit in order to accelerate development
Octopus Energy, a British company, acquired the French division of OX2, a Swedish firm that builds solar power plants in agricultural areas. Octopus plans to retain its French team and expand the solar portfolio currently under development. France has…
Trump's Energy Department pick calls for more LNG and Nuclear Power
Chris Wright, the nominee of Donald Trump to lead the U.S. Energy Department will tell U.S. Senators during his confirmation hearing Wednesday that his top priority is increasing domestic energy production, including liquefied gas and nuclear energy.
Russia launches new missiles at Ukraine and targets its gas infrastructure
Russia has launched another barrage of drones and missiles against Ukraine, this time targeting the gas infrastructure in western regions. This is the latest attack on Ukraine's crippled power system just as winter approaches. Volodymyr Zelenskiy, the president of Ukraine…
US pressures EU to align LNG methane regulations
A letter obtained by showed that U.S. officials redoubled their efforts to convince EU counterparts that shipments of liquefied gas meeting current U.S. regulations on methane would automatically meet the new European standards for gas imports. On December 17…
Israel strikes port, energy targets in Yemen
Israel launched strikes against ports and energy infrastructure in Houthi-held parts of Yemen on Thursday and threatened more attacks against the Iran-aligned militant group, which has launched hundreds of missiles at Israel over the past year.As Israeli jets were in the air…
BP and Iraq agree on technical terms for redeveloping Kirkuk oilfields
The British oil giant BP announced on Thursday that it had reached an agreement with the Iraqi Government on the technical conditions for redeveloping the Kirkuk Oil and Gas Fields. In August, the company signed an agreement to explore and develop the Kirkuk oilfield located in the north of Iraq.
