Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring CEOs and ministers spotlighted the importance of embracing all energy sources, all technologies, and all systems that enhance energy resilience and provide the world with prosperity for all.
Maguire: Clean energy push in Australia reaches pivotal milestone for energy transition
Last month, Australian utilities produced more electricity using clean energy sources than fossil fuels. This was a first for one of the top coal and natural gas exporters in the world. Data from the energy think tank Ember show that in October, utility-supplied electricity from clean sources reached 9.88 terawatts hours (TWh), which was higher than the 9.82 TWh produced by fossil fuels.
Fashion brands boost solar energy with textile suppliers
Textile suppliers in Bangladesh, who account for 85% exports of Bangladesh, are under pressure to become more environmentally friendly. They hope that new initiatives will help them find the money they need to expand rooftop systems powered by solar energy. Few energy companies are willing to invest in solar power plants because they fear that smaller factories may default on their commitments.
West Balkan energy producers should adopt carbon price as EU tax is looming, say campaigners
In a report published on Thursday, an environmental agency recommended that Western Balkans countries work to introduce their own carbon pricing for electricity generation in order to reduce the impact of EU new taxes on fossil fuel generated energy which will be implemented next year. Carbon Border Adjustment will be implemented on January 1, 2026. Importers of goods, including electricity…
Equinor Q3 core profits fall more than expected
Equinor announced a 9.9% decline in its third quarter profits, which was higher than expected. Oil and gas prices have fallen since a year earlier. The company has maintained its production forecast. Equinor's poll of 21 analysts predicted that the Norwegian energy group would earn $6.31 billion in adjusted earnings for July-September, a slight drop from $6.89. The company's forecast for 2025 capital expenditure of $13 billion was not changed.
Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid
In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, world-first project reaffirms UAE’s leadership position in clean energy, directly addressing intermittency of renewables. Project will reimagine potential of renewable energy, delivering 1GW of baseload power at a globally competitive tariff, establishing a blueprint for…
Baker Hughes exceeds profit expectations on the strength of industrial and energy technology demand
Baker Hughes, a provider of oilfield services, beat Wall Street expectations for its third-quarter profits on Thursday. This was due to the strength in their industrial and energy technologies (IET) division. Oilfield services firms are navigating a volatile oilfield market. Resilient areas such as LNG infrastructure, upgrades to the power grid, and increasing electricity demand by data centers help support growth.
South Africa coal heartland is home to a small solar city
Even though the locals are coughing up grey smog, coal keeps them at work, heats their homes during winter, and cooks dinner. Now, however, things are slowly beginning to change. South Africa, one of the largest coal exporters in the world, has launched a plan that will wean itself off coal pollution and embrace green industries to create jobs. Solar bricks - stackable lithium-ion batteries…
Indonesia begins construction of 92 Megawatt floating solar power plant
As part of Indonesia's drive to increase renewable energy, the state-owned utility company Perusahaan Listrik Negara announced on Friday that it had begun construction of a 92 megawatt floating solar power station in West Java. By 2034, Indonesia will add almost 61% more power to its grid through renewable energy. Solar power is expected to contribute 17.1 GW. The upcoming PLN facility on the Saguling Reservoir…
Sources say that Sriwijaya Capital raised over $200 million in its debut fund and is aiming for a $300 million cap.
Sriwijaya Capital is a Southeast Asia focused private equity firm that has raised over $200 million in its debut fund. It aims to reach a $300,000,000 hard cap in six to twelve months, according to two sources with knowledge of this matter. Sources said that the Singapore-based and Jakarta-based company plans to acquire strategic minority or majorities stakes in Southeast Asian businesses with regional expansion potential.
Andy Home, recycling pioneer, races to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States. Here, the Department of Defense has taken a direct stake, MP Materials, the operator of the only rare earths mining facility in the country, and guaranteed a minimum price for the products.
Andy Home, recycling pioneers racing to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States. Here, the Department of Defense has taken a direct stake, MP Materials, the operator of the only rare earths mining facility in the country, and guaranteed a minimum price for the products.
As the price cap increases by 2%, millions of Britons will see their energy bills increase.
After Ofgem raised its price cap to 2% in October, millions of British households who are already struggling with tight budgets will be faced with higher energy bills. This is despite the fact that the government is trying to reduce energy costs. The regulator, which is a non-ministerial department of the government, has raised prices after the inflation rate reached its highest level in 18 months…
UN urges Australia and Turkey to resolve host dispute for COP31
On Monday, the UN climate chief urged Australia to settle its long-running dispute with Turkey over hosting next year's COP31 Summit. He called the delay unhelpful. Both Australia and Turkey have submitted bids for the highly-publicized conference in 2022, but neither has conceded to the other since. Simon Stiell said that the deadlock undermined preparations. He is the executive secretary of UN Framework Convention on Climate Change which oversees COP Summits.
UN calls on Australia to increase climate action
The UN climate chief called on Australia set an ambitious emissions target for 2035 and to accelerate its clean energy transformation, warning that failure to act could undermine living standards and regional stabilty. Simon Stiell said that Australia should "go big" and do what is smart. "Don't settle with what is easy. "Bog standard is beneath you", he said, at an event organized by the Smart Energy Council in Sydney.
Equinor Q2 Core Profit drops as expected due to lower oil prices
Equinor reported on Wednesday that its second-quarter profits fell by 13% compared to a year ago, as expected, due to the decline in oil prices, which outweighed an increase in gas. Equinor's poll of 21 analysts predicted that the adjusted earnings for April-June would be $6.54 billion, down from $7.48 billion in the previous year. Equinor has maintained its projections that oil and gas production will increase by 4% in this year's compared to the previous year.
Official: US withdrawal from Indonesian coal phase-down program will have limited impact
Indonesia's top official in the initiative, who is also the United States' representative to the international collaboration to assist developing countries transition away from coal, said that the withdrawal will only have a minimal impact. As part of the President Donald Trump’s plan to reduce foreign aid, the U.S. resigned from the Just Energy Transformation Partnership (JETP), a group of 10 donors. A U.S.
Guatemala wants 700 Megawatts of gas to power its electricity in a tender
Guatemala has announced a tender for 1500 megawatts of new capacity in electricity generation to meet the growing demand. Around 700 MW will be awarded to LNG-based projects. "Guatemala anticipates contracting at least 700 MW firm power in one or more facilities, located on the coasts of either the Atlantic Ocean, or the Pacific Ocean, that will receive LNG vessels. The government of Guatemala…
Germany examines energy system to lower costs
Katherina Reiche, Germany's Economy Minister, said that the government would analyze Germany's energy consumption and supply in order to reduce costs and integrate more gas production. The impact of energy prices on the economy, industrial competitiveness and the environment were some of the top issues at the federal election in February. Germany relied for many years on Russian gas that was cheap, but the Ukraine conflict forced it to switch to renewable energy.
Baker Hughes sells sensor unit to Crane at $1.15 billion
Baker Hughes announced on Monday that it would sell its Precision Sensors and Instrumentation (PSI), product line to aerospace parts and defense parts manufacturer Crane, for $1.15 Billion. The oilfield services provider is looking to optimize its portfolio. Lorenzo Simonelli, the CEO of Baker Hughes, has been reshaping the company to adapt to global energy transformation. He has shed non-core assets and invested in cleaner energy solutions.