Halliburton makes a move towards possible Venezuelan return by posting vacancies on its job board
Halliburton, an oilfield services company, is looking for resumes to fill a variety of positions in Venezuela, including technicians and engineers, according to an advertisement on a job board dated 16 January. This could indicate a return to the South American nation. The posting comes just weeks after U.S. President Donald Trump urged oil companies to invest $100 billion in Venezuela, to dramatically boost production. Halliburton is collecting information from engineers…
India's clean-energy industry opposes the revocation due to delays
NEW DELHI (Jan 15) - India’s renewable energy groups objected to a proposed regulatory measure that could strip developers from interstate transmission system connectivity if they fail to sign long-term power purchasing agreements in a timely manner, according?to letters sent?to India’s power regulator. The groups said that the Central Electricity Regulatory Commission (CERC)'s move would unfairly punish projects that are stalled due to reasons outside their control.
India's clean-energy industry opposes the revocation due to delays
NEW DELHI (Jan 15) - India’s renewable energy groups objected against a proposed regulatory measure that could 'deprive developers of interstate system connectivity if they fail to sign long-term power purchase agreements in a timely manner, according to letters sent to the power regulator. The groups said that the Central Electricity Regulatory Commission (CERC)'s move would unfairly punish projects that are stalled due to reasons outside their control. In a CERC staff document published in November…
Oil Prices Rise 2% Amidst Venezuela Conflict, Supply Concerns
Oil prices rose about 2% on Thursday after two days of declines as investors assessed developments in Venezuela and on worries about supplies from Russia, Iraq and Iran.Brent futures rose $1.21, or 2%, to $61.17 per barrel at 11:17 a.m. EST (1617 GMT), while U.S. West Texas Intermediate crude gained $1.02, or 1.8%, to $57.01.The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia's flag, as part of U.S. President…
What is happening in Yemen and why are Saudi Arabian and UAE involved?
The dispute over the control of southern Yemen has brought former Gulf allies Saudi Arabia, the United Arab Emirates and the Iran-backed Houthis into conflict and has fractured the coalition. Last month, the separatist Southern Transitional Council - backed by UAE - seized large swathes in southern and eastern Yemen. However, it was largely retaken from them by Saudi-backed forces. Saudi Arabian talks to settle the dispute had been scheduled for Riyadh, Saudi Arabia this week. However, STC leader Aidarous al-Zubaidi did not show up.
EEX Energy Exchange appoints the clearing house chief as its new CEO
Tobias Paulun, who is currently the head of clearing at the European Energy Exchange, will be its new CEO from August 1, EEX announced on Thursday. Paulun takes over Peter Reitz's position as EEX CEO after 15 years. Reitz will continue to serve on the boards of directors for EEX subsidiaries Nodal, and EPEX SPOT. The exchange announced that Paulun would step down as?CEO European Commodity Clearing's (ECC) clearing house on July 31, 2026. The EEX platform, part of Deutsche Boerse has grown to be the largest electricity derivatives marketplace in the world.
Trump Administration says that there are ways to increase Venezuelan oil production quickly
Trump's administration dismissed Tuesday analysts' estimates that it will?take years? to increase Venezuela's crude oil production. They said there are ways to boost the country?s oil sector quickly. The Trump administration is aiming to increase crude production from Venezuela, the South American country that has the largest oil reserves in the world. This comes after U.S. troops seized Venezuelan leader Nicolas Maduro during a raid against its capital Caracas, on Saturday. A lack of investment has caused the country's infrastructure to be in ruins.
AI data explosion in Mexico fuels growth in dirty energy
The lack of green power, despite promises by government and industry to increase capacity, has overloaded and increased local pollution. Masheika Allgood is the founder of AllAI Consulting. She provides information on data center environmental impacts. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy. These servers power the most powerful technology companies, including Microsoft, Google, and Amazon.
Kyivstar, Ukraine's largest mobile network operator, purchases solar power plant for increased resilience
Kyivstar, Ukraine's mobile operator, announced on Tuesday that it has?acquired? solar power company Sunvin 11?as it steps up energy investments to keep its network running amid Russian attacks against the country's grid. Kyivstar is Ukraine's largest mobile operator, which offers digital?healthcare, entertainment and other services. It has added backup?capacity as well as alternative connectivity options in response to Russia's attacks on the?Ukrainian?energy infrastructure.
Gascade Converts Pipelines for Alternative Marine Fuels
German gas grid operator Gascade on Thursday said it has converted a 400 km (249 miles) high-pressure pipeline to transport low-carbon hydrogen southwards from the Baltic Sea as part of a European core network to ship alternatives to fossil fuel.New hydrogen pipelines, or conversions of existing ones, will serve to help meet European Union goals of net zero emissions by 2050, with the Ukraine war also sharpening the focus on energy security in the bloc and replacing…
Suncor trims budget and projects increased oil and gas production in 2026
Suncor Energy forecast lower spending for 2026, despite increased oil and gas production. The company will tighten?costs, and increase shareholder returns through an expanded buyback plan. Suncor's outlook is similar to that of Canadian Natural Resources, Cenovus Energy and other oil sands producers in Canada. After years of investment, Canada's oil-sands producers have become among North America's low-cost operators and outperformed global competitors amid an oil?recession.
US permits negotiations over Lukoil’s foreign assets to take place until January 17, 2019.
The United States extended Wednesday a deadline for negotiations to buy the global assets of Russian Oil?company Lukoil. It was originally set at?January 17th. Lukoil's assets were put up for sale soon after President Donald Trump imposed sanctions against the two largest Russian energy companies on October 22, as part of a campaign to pressure Moscow regarding its war in Ukraine. The assets of the company, which include oil fields, refineries and a retail gas station network, are valued at $22 billion. A wide range of companies, including U.S.
Nigerian oil companies strike deals with flare-gas to reduce emissions and boost energy
Heirs Energys, a Nigerian oil company and the state-owned NNPC announced on Wednesday that they had signed agreements to capture and monetise the gas that is otherwise wasted by flaring. Flaring is the act of burning fuel in the open. Nigeria has the largest gas reserves in Africa and relies on gas to fuel industrial growth and reduce emissions. The Decade of Gas is a policy that aims to increase domestic gas supply, reduce flaring, and expand LNG exports. Recent World Bank data shows that flaring is expected to increase by 12% between 2024 and 2025.
US Judge rejects Trump Administration's decision to stop wind energy permits
Federal judge ruled on Monday that U.S. president Donald Trump's administration failed to justify their decision to suspend the issuing of leases and permits to new "wind" projects in accordance with Republican President's wishes. U.S. District judge Patti Saris, in Boston, sided with 17 Democratic-led States and the District of Columbia when she found that agencies failed to adequately explain why they had halted federal approvals of all wind-energy project indefinitely. The U.S. The U.S.
UK consumers face higher energy bills after regulator approves $37 billion grid upgrade
The British Energy Regulator has approved an investment of 28 billion pounds ($37.33 billion), over the next five-years, to ensure that the energy system is reliable and safe in the future. This is part of a plan to upgrade the energy system which will increase consumer bills by 108 pounds per year. The investment exceeds the provisional estimate of 24 billion pounds made by regulator Ofgem back in July, despite the British Government's promise to lower energy prices.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets and individual stocks in France and Benelux. Source familiar with the issue said that German, French, and Spanish Defence Ministers will meet on December 11, to discuss FCAS. Europe's next generation fighter project is at risk due to industrial turf wars. AIRBUS/TIGERAIR : Taiwan's low-cost airline Tigerair 6757.TW announced on Wednesday that the board of directors had approved the purchase of 4 new A321neo planes from Airbus AIR.PA…
Serentica, a KKR-backed company, may raise as much as $8 billion for India's green energy expansion
A top executive at the Indian company Serentica Renewables said that it plans to raise between $8 billion and $6 billion in the next five year to fund acquisitions and projects, as well as to double its clean energy production capacity. Pratik Agarwal said that Serentica is looking to spend $10 billion to 11 billion dollars to increase its clean energy portfolio by 17 gigawatts by 2029/30. The company wants to buy projects that are currently operating or under construction.
Orlen to Buy Out Energa Minorities to Take Full Ownership
Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million).The move will see Orlen integrate the utility more deeply into its energy transition strategy. The refiner is offering 18.87 zlotys per share for the 37.6 million shares it does not already own.Shareholders can submit sale offers between December 1 and December 17, the company said in a regulatory filing.
Energy operator warns of emerging risks to UK gas supply as demand declines slowly
The energy operator in Britain warned on Wednesday of possible shortages during the coldest months. In its first assessment of gas supply security since being established last January, the National Energy System Operator stated that while overall demand for gas will decrease as Britain decarbonises it will be slower at peak times. This could pose a risk if progress in cutting emissions stagnates or if major infrastructure is faulty. The report, which is a look ahead at winters 2030/31…
India's energy regulator is considering auctioning grid slots if renewable projects fail.
According to a paper posted on the website, India's regulator of power is considering auctioning off transmission connectivity that was left idle due to renewable energy developers failing to sign power purchase contracts. According to the Central Electricity Regulatory Commission, approximately 31.8 gigawatts were granted as grid access for projects based on award letters. The connectivity is still unused, as no power purchase agreements were executed. This has blocked transmission capacity, and slowed the clean energy rollout.