Russians warned not to panic about a 'gas cloud" in a city near a plant that was struck by Ukraine
The Governor of Russia's Astrakhan Region told its residents to not panic after the main city was covered in a natural gas cloud on Wednesday. Its main city is located near a large gas chemical complex which was attacked this week by Ukrainian drones. The gas smelled by the public was caused by the restart of production at a plant in the south of the city of Astrakhan. Astrakhan has about 475,000 residents. "Dear Citizens, this morning, the city was covered with a cloud that smelled like natural gas.
Senate confirms Chris Wright, a fracking executive, as Trump's Energy Secretary
The U.S. Senate confirmed Chris Wright as President Donald Trump's Energy Secretary on Monday. Wright is a fracking executive. Seven Democrats and an Independent who caucuses alongside Democrats crossed the aisle. Wright, 60 years old, has been the CEO of Liberty Energy, since 2011. He announced that he would step down as soon as the confirmation was received. In a Liberty Energy report published last year, he wrote…
Senate Committee moves Trump's energy & interior nominees to the floor
The U.S. Senate Energy Committee approved Donald Trump's nominees for the U.S. Department of Interior and Energy. The U.S. Senate energy committee approved President Donald Trump's picks to lead the United States on Thursday.The panel approved former North Dakota Governor Doug Burgum as the U.S. Department of Interior's new director and for a national council on energy to be formed to increase oil and gas production.The committee also approved Chris Wright…
Stocks in the US react differently to Trump's first official day as president
Tesla, prison operators, and other "Trump trades", were volatile Tuesday as investors analyzed a flurry of executive orders issued by President Donald Trump just hours after taking his oath. Trump announced his plans to increase oil production, reduce immigration and impose tariffs on Monday as he began his second term as president of the United States. Investors braced themselves for increased volatility under Trump 2.0 as some "Trump Trades"…
New York City dismisses climate change lawsuit against Exxon BP Shell
A judge dismissed New York City’s lawsuit against Exxon Mobil and BP for misrepresenting their products and commitment to renewable energy, as well as their fight against climate change. Anar Patel, a state Supreme Court justice, ruled on Tuesday that the city cannot claim to have climate-conscious citizens, but then let them down by oil companies who fail to disclose the contribution of their fossil fuels to climate change.
As the gas transit dispute escalates, Ukraine's Zelenskiy lashes out at Slovak Prime Minister Fico
On Saturday, Ukrainian President Volodymyr Zelenskiy accused Slovakian Prime Minister Robert Fico of opening a second energy front against Ukraine at the behest of Russia as the dispute over gas transit between the two countries intensified. Ukraine currently pumps Russian gas to Slovakia and other European countries through its territory. However, the current transit agreement - which was signed before Moscow invaded Ukraine - will expire at the end this year.
Hungary: US exemption of gas payments from Russia Gazprombank sanctioned
In a video on social media, Hungarian Minister of Foreign Affairs Peter Szijjarto stated that the United States had granted exemptions for gas payments from the sanctions they imposed against Russia's Gazprombank. The U.S. implemented sanctions against Gazprombank in November, creating a barrier for European gas buyers. Gazprombank was used by buyers to pay for their purchases. Hungary, which relies primarily on Russian oil, gas and other energy sources, requested an exemption from the U.S.
Where will Trump's trade with China lead commodities in 2025? Russell
In 2025, Donald Trump's return as U.S. president and China's stagnant economy will influence global commodity markets. The only certainty is that there will be volatility, and many factors acting in opposite directions. In 2025, it will be harder to predict the prices of major commodities, such as crude oil and liquefied gas, ore like iron ore, coal, and metals, such as copper. Consider, for example, Trump's signature promise during his campaign: tariffs.
Nordic countries debate energy policy after spikes in power prices
On Thursday, the hourly electricity prices in certain parts of Scandinavia reached record levels. They were tenfold higher in some cases than average, due to cold weather and lower wind power production. This prompted politicians to suggest a change in energy policy. In Denmark, the price per megawatt-hour (MWh) for an hour starting at 1600 GMT has risen to 936 Euros. South-western Norway and Southern Sweden have seen prices above 700 Euros/MWh.
Cuba's electrical grid is back online but generation still lagged
Cuba announced late Wednesday that it had reconnected the national electrical grid. However, production remained well below demand a day after an outage caused by a power plant knocked millions of people off their electricity. Cuba's Energy and Mines minister Vicente de la O Levy announced on X on Wednesday that the grid had been restored just before midnight. The National Electric Union (UNE), however, announced on social media that it was "serving in" 880 MW to the system.
British Business – Nov 11,
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. A government investigation into the dieselgate scandal has led to the suspicion that 47 car models from 20 different brands, manufactured by 11 different manufacturers, are more polluting than previously thought. These cars could be recalled. The government is…
Ukraine drones target ethanol plants in Russia, Telegram channels say
Russian channels on Telegram said that Ukrainian drones attacked ethanol plants in Russia’s southern region Voronezh. The regional governor confirmed the report, saying the attack caused two injuries, ignited a fire, and damaged two industries. Alexander Gusev said that the regional governor Alexander Gusev confirmed on Telegram that firefighters had extinguished the fire which injured two workers in the Anninsky District of the region.
Canada regulator suspends Imperial's application to extend Norman Wells oil permits
The Canada Energy Regulator announced on Tuesday that Imperial Oil has put its application to extend life of the remote Norman Wells oil-and-gas facility in Canada's Northwest Territories on hold until a report on environmental assessment is completed. The Norman Wells site is located on nine islands, both natural and artificial in the Mackenzie River (Canada's longest river) and near the town of Norman Wells. Imperial…
Colombian electoral authority asks for investigation into Petro campaign funding
In a press release, the National Electoral Council of Colombia (CNE), said that it had requested an investigation of the election campaign for 2022 of President Gustavo Petro due to alleged violations of funding limits. The majority of nine magistrates approved an investigation of Petro and Ricardo Roa who is the current chief executive officer of Colombia's largest state-owned energy firm, Ecopetrol. The decision to conduct an investigation comes after Petro…
Turkey's Botas buys 1.6 billion cubic meters of LNG from TotalEnergies over a 10-year period
Alparslan Bayraktar, the Turkish Energy Minister announced on Wednesday that Turkish state-owned energy company Botas had signed a 10-year contract to import LNG from French oil giant TotalEnergies starting in 2027. Bayraktar announced the deal on the social media platform X. The contract, signed at the GasTech conference, Houston, is for the annual delivery of 1.6 Billion cubic meters of LNG. The majority of Turkey's gas is imported from Russia, Iran, and Azerbaijan.
Libyan oilfields shut down in dispute over central bank
Two field engineers reported that the Sarir oilfield had almost completely stopped production on Wednesday, due to a dispute between the government and the central bank over oil revenues. The authorities in the east of Libya, where the majority of oilfields are located, announced on Monday that production and exports will be stopped. The engineers stated that Sarir produced about 209,000 barrels of oil per day before production was reduced.
Meta Platforms signs geothermal energy agreement with Sage Geosystems for US data centers
Meta Platforms, the owner of Facebook, announced on August 26 that it had struck a deal with Sage Geosystems for up to 150MW of geothermal energy to power its U.S. Data Centers. The company is racing to develop infrastructure to support massive investments in artificial intelligence, which consumes a lot of energy. According to the social media firm, the first phase of the project is expected to be operational in 2027. It will "significantly" increase the use of geothermal energy in the United States.
Fire at Russian oil refinery Omsk injures seven people, but production continues
The local governor reported that seven people, including one person in serious condition, were hospitalized after an fire broke out at the Russian oil refinery in Omsk. However, the plant claimed to be operating normally and its production plans will not be affected. The fire at the Omsk Refinery has been brought under control. The automatic safety system of the plant detected a fire within technological equipment. The refinery, Russia's biggest, said that it was operating normally.
Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil on the market and could push prices above $300-$400 a barrel.Commenting on the proposal, which was reportedly put forward by Prime Minister Fumio Kishida, Medvedev said Japan "would have neither oil nor gas from Russia, as well…
Stepping on the Gas: Rochester Researchers Team to tackle Methane Emissions
With global temperatures rising, oceans warming and ice caps melting, carbon dioxide attracts the bulk of the blame throughout media, public discourse and academia. All too many—save some scientists and researchers—neglect methane, the second biggest greenhouse gas that’s influenced by human activity. Often associated with livestock production and ruminant flatulence, methane has both natural and anthropogenic sources…
