Australia's Santos posts 16% drop in annual profit on lower prices, slashes dividend
Santos, an Australian oil and natural gas company, reported a lower-than expected annual profit and declared a smaller payout on Wednesday. The lower realized prices and decreasing production were to blame.
Officials in Malaysia have announced that they will take action against fraud in the export of used cooking oil.
Malaysia's deputy commodities minister said that it would crack down on fraud within the used cooking oil sector, while western governments investigated whether the shipments…
India demands that Russian oil suppliers comply with sanctions
India, the world's No.2 importer of crude oil from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States. India, the No.
Britain launches offshore Wind Farm Incentives Scheme
The UK launched an incentive programme for offshore wind projects on Thursday, hoping to convince developers to invest in order to achieve the ambitious goal of decarbonising its energy system by the year 2030.
Australia adopts tax incentives for critical minerals
Australia's Parliament has passed laws to give production tax breaks on critical minerals and renewable hydrogen, in an effort to boost energy transition plans, as the country…
Official Russian energy says US sanctions shouldn't hinder oil trade with India
The latest sanctions by the United States against Russia shouldn't affect the oil trade between Moscow and India, Pavel Sorokin said, Russia's first vice minister of energy, on Tuesday.
British Business – February 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. The UK government…
Orsted cuts 2030 investment plan by 25%
Orsted, a Danish renewable energy company, announced on Wednesday that it had decided to reduce its 2030 investment plan by 25% as the offshore industry struggles with rising costs and issues in the supply chain.
First Solar wins early victory for ESG group with the use of deep sea minerals
First Solar has agreed not to use minerals from the deep ocean. This is a win for shareholders and environmentalists, as well as a sign that their agenda may make progress in spite of opposition from U.S.
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.
Orsted plunges 17% following US impairments, Trump adds uncertainty
Orsted shares fell 17% Tuesday, after the company posted an impairment charge for delays in a U.S. off-shore project. The sector is now facing uncertainty following President…
Colonial Pipeline's gasoline line likely shut until Friday
Colonial Pipeline's main U.S. gasoline artery is expected to be shut through Friday as the company continues to search for the source of a suspected leak in Paulding County…
Malaysia wants to diversify its energy and supply chain, says PM
Malaysia's premier announced on Thursday that the country wants to optimize its location this year and become a conduit of diversification in energy and supply chains. It also…
Winter storms in the US could lead to power outages and a reduction of natgas supplies
According to energy analysts, the next few weeks could see massive power outages across the U.S. and a spike in natural gas demand. As a result of the "freeze offs" of oil and gas pipes and wells…
BOEM Advances Offshore Wind Leasing in Guam
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035…
Top five contrarian commodity scenarios for 2025: Russell
In 2025 it may be worth being a contrarian, since the year ahead could be one of most volatile ever, especially in commodities. Donald Trump is back, threatening to disrupt…
Top five contrarian commodity scenarios for 2025: Russell
In 2025 it may be worth being a contrarian, since the year ahead could be one of most volatile ever, especially in commodities. Donald Trump is back, threatening to disrupt…
Japan selects two groups to participate in the third round of offshore wind power
In a third round of major public auctions, the Japan's land and industry ministries selected, on Tuesday, two consortiums as operators for offshore wind blocks, including one that included energy giant BP.
Sources say that Tesla's former China plant head will join renewable energy company Envision
Two sources with knowledge of the situation said that Tesla's former China Plant Manager is expected to join Chinese renewable energy company Envision. One source said that Song Gang…
Qatar will stop EU gas exports if fined for due diligence, reports FT
In an interview with the Financial Times published on Sunday, Energy Minister Saad Al-Kaabi said that Qatar would stop shipping gas into the EU if the member states enforced…
