NATO funds biotech startup to counter biological threats
The fund co-leads a $35 million fundraising campaign for Portal Biotech. This company uses protein sequences to detect engineered threats, and defend against biowarfare. Ana Bernardo Gancedo is a senior associate with NATO Innovation Fund and said that the UK-based Portal Biotech has a capability essential to biosecurity, defence, and security. The fund was created in 2022, after the Russian invasion in Ukraine. It plans to invest over $1 billion in technology that will enhance NATO's defenses.
As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was meaningful but relatively modest considering the high stakes involved in the conflict between the Middle East rivals.Benchmark Brent crude prices…
Miliband pledges to lead the way in clean energy and demand corporate net-zero strategies
Ed Miliband, the energy secretary, said that Britain is on the right track by cutting emissions and investing in a green economy. He also pledged to press large companies to explain how they will align their business with this shift. Opposition parties are putting pressure on the government over perceived costs associated with the move to net zero emission at a moment when energy prices remain high after Europe has shifted away from Russian imports due to Moscow's invasion of Ukraine in 2022.
Russia is ready to provide LNG to Mexico
The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas. "We already work with Mexico." "We have excellent LNG technology, and we're ready to share this technology and supply LNG too," Russian Energy minister Sergei Tsivilev stated. The embassy said that Russia was ready to provide oil extraction technologies suitable for difficult geological conditions as well as solutions designed to improve the efficiency of oil treatment.
Japan returns to long term LNG deals on AI boom and national energy plan
The liquefied gas industry in Japan is once again in the spotlight, as artificial intelligence booms and rising costs of cleaner energy drive the appetite for long-term LNG contracts. Japan, which is the second largest LNG importer in the world, has secured long-term deals with Qatar, and other buyers are also securing such agreements. Japan's LNG exports have been falling for over a decade, as the nuclear power plants that were idled following the Fukushima catastrophe began to operate again and renewable energy sources increased.
INSIGHT-Oklahoma! How America hopes it can compete with China on critical minerals
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements a startup, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned a few decades ago. To get there, the state must overcome many obstacles…
Rural Oklahoma aims to become a hub of critical minerals processing in the United States
A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned by the country decades ago. To get there, the state must overcome several obstacles…
Sources say that the US will object to the green jet fuel recommendation made by UN Aviation Council.
Two sources with knowledge of the issue said that the U.S. would object to the recommendation of the UN Aviation Agency Council, which Washington believes unfairly benefits Brazilian corn farmers to the detriment of U.S. producers when it comes to the development of green jet-fuel. One source said that the discussion could be resolved through a compromise. Brazil's corn-ethanol producers warned, however, that the disagreement may undermine global confidence in the certification of sustainable aviation gasolines.
Malaysia PM pledges $10 billion for national grid upgrade
Anwar Ibrahim, Malaysia's Prime Minister, said that Tenaga Nasional had committed to upgrading the national grid infrastructure with 43 billion ringgit (about $10 billion). Anwar, who opened the Energy Asia Conference, said that the grid upgrade will help the country achieve its ambitions in artificial Intelligence and battery energy storage system. Anwar also said that he plans to build three carbon-capture storage facilities offshore to serve the oil and gas industry as well as other industries.
Amazon will invest $13 billion over 5 years in Australia's Data Center Infrastructure
Amazon announced in a Saturday blog post that it will invest A$20 Billion ($12.97 Billion) between 2025 and 2029 in Australia to expand, maintain, and operate its data center infrastructure. This investment is expected to boost the country's artificial-intelligence capabilities. Amazon has made its largest technology investment in Australia. The funding will be used to support new server capacity, as well as generative AI workloads. It added that the company will also invest in three new solar farm in Victoria and Queensland.
UK invests 200 million pounds into Acorn Carbon Capture Project in Scotland
The government announced on Thursday that Britain would invest 200 million pounds (about $272 million) into the Acorn Carbon Capture and Storage project in Scotland. This is a continuation of the funding for this technology, which was revealed in a review of spending on Wednesday. Britain has set a target of achieving net zero emissions in 2050. CCS is needed to reduce emissions from industrial sectors that are energy intensive. Acorn is being developed in St Fergus by Storegga UK, Harbour Energy, North Sea Midstream Partners and Shell UK.
Sources say that Hokchi Energy, frustrated by Mexico's Pemex and its refusal to buy oil from them, pushed for a change in who purchases their oil.
Three sources said that Hokchi Energy in Mexico, frustrated with months of late payments from the state-owned company Pemex for its oil, gas and natural gas, sought to amend its contract so that it could do business with PMI Comercio Internacional. Hokchi Energy’s attempt to change the buyer of its production shows the difficulties in doing business with Pemex. One source stated that PMI, which imports and exports refined fuels like gasoline and diesel and exports crude oils, is seen as a much more reliable partner than Pemex.
EPA wants to give Texas the authority to supervise CO2 injection permits
U.S. Environmental Protection Agency proposed Monday to approve Texas' application for its own permitting of projects to inject underground carbon dioxide, a step long sought after by the state's regulators as well as oil and gas firms with projects in development. EPA Administrator Lee Zeldin stated that Texas was best positioned to protect drinking water from contamination, while allowing lucrative CO2 injection, also known by the name carbon capture and storage projects (CCS), to mitigate climate changes, to proceed.
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly. He was investigating the performance of the fund as a reporteur. "It's a total disaster from an employment standpoint." The towns are left with nothing. He said that it's as if they've given up on the next generation.
The IEA predicts that global energy investment will reach a record $3,3 trillion by 2025.
The International Energy Agency (IEA), said Thursday, that despite geopolitical tensions and economic uncertainty, a surge in clean energy expenditure is expected to lead to a record $2.89 trillion in global energy investments in 2025. The IEA's annual World Energy Investment Report stated that clean energy technologies such as renewables, nuclear and energy storage are expected to attract $2.2 trillion, which is twice what was predicted for fossil fuels.
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. The new coalition government promised to take measures to reduce prices.
Nuclear companies and others ask Senate to maintain energy tax credits
Energy companies that represent technologies that provide stable and consistent baseload power urged U.S. Senate leaders on Tuesday to preserve the clean energy tax credit that was effectively eliminated by a Republican Bill passed last month by Congress. Republicans, including U.S. president Donald Trump, have criticised clean energy tax credit programs for encouraging intermittent renewable energy like wind and sun that fluctuates depending on the weather.
Alterra, the UAE’s climate fund, supports Absolute Energy’s renewable energy project in Italy
Alterra, one the largest private climate funds in the world, has invested its second direct money in Europe via Italian renewable energy company Absolute Energy. It plans to do more deals, according to its CEO. The fund, which was set up by the United Arab Emirates in 2023 with $30 billion and has invested so far $6.5 billion, mainly through climate and transformation funds managed by global investment firms BlackRock Brookfield and TPG.
Serbia will investigate Russian allegations that it shipped arms to Ukraine
Aleksandar Vucic, the president of Serbia, said that Serbia and Russia would jointly investigate how Serbian-made ammunition ended up in Ukraine after Moscow accused Belgrade exporting weapons to the government of Kyiv. The SVR (Russian foreign intelligence service) accused Belgrade of a "stab in the back", alleging that Serbia's defence producers were selling weapons and ammunition to Ukraine. The SVR stated that Serbia sent arms to Ukraine via NATO intermediaries including the Czech Republic and Poland, as well some African countries.
Wartsila believes flexibility is key to ethanol power generation in Brazil
Wartsila, a Finnish company, is betting on a more flexible way to generate electricity with ethanol in Brazil. Similar efforts by large firms failed a decade earlier. Wartsila announced in March a partnership with a power station in Recife in northeast Brazil, where a 4-megawatt engine would burn ethanol during a 2-year pilot program starting in April 2026. The Finnish company touted its efforts as the first ever world trial of generating electricity using an ethanol powered engine.
