Petrobras to meet 20% of the country's nitrogen fertilizer demand in 2026
Magda Chambriard, CEO of Petrobras, said that the company will be able meet about 20% percent of the total nitrogen fertilizer demand in Brazil next year once it restarts its operations at three plants. According to Petrobras' strategic plan, the Bahia plant and the Sergipe plant, located in Brazil's northeastern area, will supply 5% of the national market for urea, and 7% respectively. The unit in Parana, in the southern part of Brazil, has resumed operation and is aiming to meet 8% of Brazil's urea needs.
S&P 500 and Nasdaq close higher as Fed worries are outweighed by tech strength
The technology sector helped U.S. stock prices close higher on Wednesday, as investors, unable to access economic data due to the shutdown of the federal government, turned to the minutes from the Federal Reserve’s latest policy meeting to get a sense of the outlook for rate cuts until year-end. Nasdaq, the tech-heavy market, was in front. Its gains were largely due to megacaps related to artificial intelligence that have led this year's market gains. S&P 500 & Nasdaq closed at new highs.
US Judge rules Trump can't block Rhode Island offshore Wind Project
A federal judge ruled that the Danish offshore wind developer Orsted could restart the work on the almost finished Revolution Wind project, off the coasts of Rhode Island. The project was halted by President Donald Trump’s administration last month. Trump's efforts to stop offshore wind expansion in U.S. waterways have been hampered by the ruling. Orsted has won a tangible victory, as it is losing $2 million per day since August 22, when the project was stopped. Revolution Wind is located about 15 miles from the coast.
Iraq, Kurdish Government to Restart Oil Exports to Turkey
Iraq's federal and Kurdish regional governments reached a deal with oil firms to resume crude exports via Turkey on Monday, two oil officials told Reuters.The breakthrough will allow for the resumption of exports of about 230,000 barrels per day (bpd) from Iraqi Kurdistan which have been suspended since March 2023."We will on Tuesday start technical procedures to prepare pipeline operations, with oil flows expected to restart within 48 hours…
How Canada's Haisla become the first Indigenous LNG owner in the world
Maureen Nyce wore a hardhat and a safety vest during an August visit to Cedar LNG's pipeline site, not as a dignitary visiting or cultural emissary, but as the owner. Haisla, who have lived on Canada's Northwest Coast for over 9,000 years, own 50.1% of the $4 billion Cedar LNG export project in Kitimat. The remainder is owned by Calgary-based Pembina Pipeline. The world's first majority-Indigenous-owned LNG project, expected to be operational in 2028…
Canada and BC approve Ksi Lisims Liquefied natural gas project on Pacific Coast
The federal government of Canada and the province British Columbia have approved Ksi LNG, a project to build a liquefied gas export terminal on Canada's northwest Pacific Coast. The Canadian government, under the leadership of Prime Minister Mark Carney, aims to speed up the construction and completion of natural resources projects in order to increase the economy's potential impact from U.S. Tariffs. The approval granted on Monday officially authorizes Ksi Lisims in accordance with the Impact Assessment Act.
US asks federal courts to cancel permit for Maryland off-shore wind farm
According to court documents filed Friday, the Trump administration asked a federal district judge to overturn the Interior Department’s approval for a wind farm to be built off the coast Maryland in 2024. Attorneys for the agency claimed that Interior's Bureau of Ocean Energy Management underestimated the impact of the project on search and rescue and the potential harm it could cause to commercial fishing. This is just the latest of a number…
Sources say that Canada could drop its oil emission cap as part of a new climate plan
Three sources familiar with the discussions said that the Canadian government was in talks with Alberta and energy companies about removing a federal cap for emissions in the oil and gas industry if both the province and the industry reduced their carbon footprints in other ways. Sources who weren't authorized to publicly discuss the discussions said that the government of Prime Minister Mark Carney has discussed the removal of the cap with the oil companies, and Canada's leading oil producing province, if they made other environmental concessions.
Sources say that Canada could drop its oil emission cap as part of a new climate plan
Three sources familiar with the discussions said that the Canadian government was in talks with Alberta and energy companies about removing a federal cap on the emissions of the oil and gas industry if they reduced their carbon footprints in other ways. Three sources who weren't authorized to publicly discuss the talks said that the government of Prime Minister Mark Carney has discussed the removal of the cap with the oil companies and Canada’s top oil producing province if both parties make other concessions on the environment.
Sources say that Canada could drop its oil emission cap as part a new climate plan
Three sources familiar with the discussions said that the Canadian government was in talks with Alberta and energy companies about removing a federal cap on the emissions of the oil and gas industry if they reduced their carbon footprints in other ways. Three sources who weren't authorized to publicly discuss the talks said that the government of Prime Minister Mark Carney has discussed removing a federal cap on emissions from Canada's oil and…
EQT Corp. signs 20-year LNG contract with Commonwealth LNG Louisiana facility
The companies announced on Monday that the U.S. energy company EQT Corp would purchase 1 million tonnes of liquefied gas per year (mtpa), from Commonwealth LNG’s planned export facility on the Gulf Coast, near Cameron, Louisiana. EQT will purchase the LNG at a fixed price indexed by Henry Hub, and market and optimize their cargos on an international level. The company stated that the additional export capacity would allow EQT's domestic direct-to customer strategy to be expanded into global energy markets.
New England officials claim that the US's decision to halt a wind project is a mystery.
Business and government leaders in New England claimed that the Trump administration's decision to stop work on a nearly finished wind farm near the coast of Rhode Island is a threat to grid reliability and jobs, and it defies any explanation. Connecticut and Rhode Island state leaders demanded information from the Trump administration on why the order was issued late Friday to stop work on the Revolution Wind project. The Bureau of Ocean Energy Management…
EIA: Solar could account for 50% of the new US electricity generated this year
The Energy Information Administration reported on Wednesday that developers are on course to add 33 gigawatts (GW) of solar power this year in the U.S., which is about half the new electricity generation capacity planned for 2025. The EIA said that if the plans were realized, the additions of large-scale solar energy in the U.S. could reach a new record. It based its analyses on a survey conducted with developers. The EIA also predicted that new battery storage systems…
Enbridge Sees Demand for More Pipeline Capacity from Canada to US Gulf
Canadian pipeline operator Enbridge said on Friday its recent commercial process to gauge oil shippers' interest in an expansion of its Flanagan South pipeline was oversubscribed, indicating strong demand for additional oil transport capacity from Canada to the U.S. Gulf Coast.The success of the Flanagan South open season — an industry term for the binding process pipeline companies use to notify shippers of available capacity and solicit bids — brings Enbridge closer to formally sanctioning its proposed expansion of its Mainline network…
Federal Uncertainty Shuts Down NY Offshore Wind Transmission Plan
The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.This halts the Public Policy Transmission Need (PPTN) process of seeking proposals to deliver up to 8 gigawatts of offshore wind power into New York City by 2033.The commission cited recent federal actions halting new offshore wind leasing and permitting…
New York cancels offshore wind transmission plans amid federal uncertainty
It said that the New York State Public Service Commission had terminated its offshore transmission planning due to a stalled federal permit, in order to protect ratepayers of New York State from premature infrastructure costs. This halts Public Policy Transmission Needs (PPTN), which was seeking proposals for delivering up to 8 gigawatts offshore wind energy to New York City before 2033. The commission cited federal actions that have halted new offshore wind leasing, permitting and it claimed this makes short-term project implementation unfeasible.
Brazil's lawmakers revoke environmental permits ahead of the COP30 summit
The Brazilian Congress passed legislation Thursday that loosens environmental licensing. This could be a blow to President Luiz inacio da Silva, who is trying to improve his country's image as a green nation before it hosts the United Nations' global climate summit COP30 this year. The bill was passed by a large majority of Congress, where the powerful agribusiness group has a lot of influence. This is despite criticisms from environmentalists and members Lula's Cabinet…
Germany's wind energy expansion is picking up but the targets are still not met, according to lobby
The BWE wind lobby reported on Tuesday that Germany's onshore power sector has recorded its best half-year in 2017 but still fell short of legally mandated goals. Berlin wants to generate 80% of Germany’s electricity using renewable sources by 2030. This goal has been accelerated due to recent reforms, and the decline in Russian fossil fuels imports following the invasion of Ukraine. In the first six months of 2025, 409 turbines with a capacity of 2.2 gigawatts were installed, an increase of 67% over the previous year.
Glencore asks government for help after claiming that the copper smelter in Australia is unviable
Glencore said that its Mount Isa copper-smelter is unviable, and it's waiting for the response to its requests from the state and federal governments in order to keep this facility open despite tough global conditions. The UK-listed company has been alarming local media regarding its Mount Isa Smelting Business in Queensland State as its mining operations will close next month. The company will have to purchase copper concentrates to process once global processing costs are at historic lows due to excess global smelting capacities.
EIA: Developers will add 18.7 GW natural gas-fired power by 2028
The Energy Information Administration announced on Wednesday that developers plan to add 18,7 gigawatts of combined-cycle power to the U.S. grid by 2028. This follows minimal additions the year before. According to the EIA, 4.3 GW of power is currently under construction. The majority of natural gas-fired power generation in the country is generated by combined-cycle gas generators (CCGTs), flexible and efficient power producers. The EIA stated that 1.6 GW of new CCGT capacity is planned for 2025.