Enagas' chief executive says that Spain's national hydro network plan is ahead of schedule
The chief of Spanish gas grid operator Enagas announced on Friday that plans to build a 2,600 km (1.615 mile) network of hydrogen in Spain were progressing ahead of schedule. Infrastructure is also on track for a start-up in 2030. The H2Med…
CMS Energy reports higher profits on the strong demand for power from data centers
CMS Energy, a U.S. gas and electric utility, reported on Thursday a higher profit for the first quarter. This was due to heightened power demand. In February, the U.S. Energy Information Administration forecast that power demand would reach…
Fugro, a geo-data firm, has reduced its workforce and shifted business models as the US weighs in.
Dutch geological data specialist Fugro announced it would reduce more jobs and focus on different business segments, after confirming Thursday a decline in revenue for the first quarter. The drop was caused by a slowdown in U.S. off-shore wind projects.
Tauron's net profit for the full year fell 48% due to a drop in revenues
The Polish utility Tauron reported a 48% drop in its net profit for the full year, due mainly to lower revenue from electricity sales. The preliminary figures for March were a little lower than the results of the company. Tauron is Poland's second largest power utility based on market value.
Prices of EUROPE GAS rise amid economic turmoil
Dutch and British gas rates rose Monday morning, in line with the equities market, after some tariff exemptions were granted for Chinese products supplying tech companies. Milder, windier conditions should also allow for increased gas storage filling.
Spot prices expected to rise due to falling renewable energy supplies
The strong decline in wind and solar energy supply across the region is expected to exert bullish pressure on spot contract prices on Monday, while three unplanned outages and two planned ones will reduce French nuclear availability. LSEG data…
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block International Monetary Fund assistance for certain Central African countries in order to protect billions of dollars oil companies are required by law set aside for environmental restoration.
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block the International Monetary Fund's (IMF) assistance for certain Central African countries. This is in order to protect billions of dollars which oil companies are required by law set aside for environmental restoration.
Spot prices drop on rising renewable supply
The French spot electricity price for Thursday dropped on Wednesday, as the renewable energy supply was expected to increase and demand to fall in most countries of central Western Europe. French baseload electricity for Thursday fell 10.6% to 81.35 Euros ($89.66 per megawatt-hour (MWh) at 0836 GMT.
As U.S. Tariffs take effect, the prices of gas in Europe will fall in line with those on other markets.
The Dutch and British gas price fell on Wednesday in line with the wider sell-offs of equity and commodities markets, as U.S. "reciprocal" tariffs took effect, which has raised fears about a recession. LSEG data shows that the benchmark Dutch front-month contract fell by 1.07 euros…
Palm oil is gaining to follow Chicago soyoils and crude oil higher
Malaysian palm oils futures climbed slightly higher on Tuesday after three sessions of losses. They mirrored the movement in crude oil, Chicago soyoil and other commodities, but concerns over high Malaysian stocks of palm oil capped gains. At closing…
Freeport-McMoRan's CEO expresses concern about global growth in the face of US tariffs
Freeport-McMoRan's CEO, who is also the company's chairman and chief executive officer, expressed concern on Monday about the state of the global economy as well as the possible occurrence of a recession or inflation following the U.S. Tariffs that were implemented last week.
Bolivians tighten their belts after a new reality of inflation bites
Angelica Zapata, a Bolivian homemaker in La Paz's highland, is learning to accept a new reality of inflation. Prices are rising at their fastest rate in nearly two decades due to the shortages in fuel and dollars. Landlocked gas and grain producers…
Stonepeak acquires 40% stake in Woodside Energy Louisiana LNG project
The Australian energy company announced on Monday that Stonepeak, a U.S. investment firm, will purchase a 40% stake and contribute $5.7billion in capital expenditures in Woodside Energy’s Louisiana LNG Project. Stonepeak, a company that manages assets worth $72 billion…
Italy pays gas incentive for meeting 90% storage target
Gas grid operator Snam announced that Italy will introduce an incentive program at the beginning of this month in order to encourage companies to inject gas into storage following the end of the winter season when its sites were only 42% full.
Prices for EUROPE GAS are at their lowest in 6 months due to retaliatory tariffs from China
The Dutch and British gas price plunged on Friday to the lowest level in more than six months, in line with the sharp drops in oil and stock market after China announced retaliatory duties on U.S. products, causing global recession fears. LSEG…
Can Trump's drive for critical minerals pass the test of copper? Andy Home
The executive order issued by U.S. president Donald Trump on increasing domestic mineral production is designed to cut through the mine permit maze in the United States. According to S&P Global, it takes on average nearly 29 years to bring a new mine from discovery to production.
European investors warn that the clock is ticking on AI adoption
European companies who are investing heavily in generative artificial intelligence must start showing results by the end of next year or investors will lose patience. AI-exposed shares have been downdrafted with the broader equity market in recent weeks, as fears of recession rise.
Malaysian palm oil drops, rivals follow suit
The price of Malaysian palm oils futures fell for a third consecutive session on Tuesday. This was in line with the declines in rival vegetable oil markets such as Dalian and Chicago, while investors waited to see export data. By midday, the…
Tullow Oil UK returns to profitability on the back of lower impairments and asset revaluation gains
Tullow Oil, an oil and gas exploration company based in West Africa, reported on Tuesday that it returned to profitability last year. This was largely due to a decrease in impairments, and asset revaluation. The company's shares rose by 3.9%…
