The agency's head claims that Colombian oil and gas reserves are expected to increase this year.
The head of Colombia's hydrocarbons department said on Tuesday that the country's oil and natural gas reserves are likely to grow in comparison with the previous year. Colombian oil reserves are expected to reach 2.04 billion barrels in 2024 - enough for 7.2 years' worth of consumption. Orlando Velandia said the agency was predicting crude prices would close the year around $70 a barrel.
India's Vedanta will keep coal as its base energy source despite clean energy push
Vedanta, an Indian mining and metals company, will continue to use coal as the primary source of energy for its mining operations. However, it aims to increase its share of renewable energy sources in its energy blend, according to a senior executive on Tuesday. Deshnee Niaidoo said that coal accounts for almost 70% of Vedanta’s energy mix in an interview at the FT Live Energy Transition Summit India. Naidoo stated that coal will be the main contributor to Vedanta's baseload.
Andy Home, recycling pioneer, races to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States. Here, the Department of Defense has taken a direct stake, MP Materials, the operator of the only rare earths mining facility in the country, and guaranteed a minimum price for the products.
US EPA proposes to end mandatory greenhouse gas reporting
The U.S. Environmental Protection Agency (EPA) proposed a rule on Friday to end the mandatory reporting of greenhouse gas emissions by 8,000 facilities. This program, the EPA said, was burdensome for businesses but left the public in the dark about the environmental impact. The rule is a response to an executive order that was issued on the first day of President Donald Trump's presidency. It aims to remove barriers to unleashing U.S. Energy, especially fossil fuels.
Andy Home, recycling pioneers racing to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race to create domestic mine-to magnet supply chains is accelerating, especially in the United States. Here, the Department of Defense has taken a direct stake, MP Materials, the operator of the only rare earths mining facility in the country, and guaranteed a minimum price for the products.
Octopus Energy, a British company, partners with a Chinese wind turbine manufacturer
Octopus Energy, Britain's biggest electricity supplier, has signed a contract with Chinese wind turbine maker Ming Yang Smart Energy. This could lead to the installation of the first Chinese-made turbines in Britain. The UK is trying to increase its renewable energy to meet climate targets, but it is also struggling with rising project costs as well as high electricity prices. The companies…
India offers large incentives for carbon capture as coal remains a major part of the energy mix
India is planning to launch a national initiative to capture carbon dioxide with significant government incentives as it tries to balance its rising energy demands with climate goals, while still relying heavily on coal. Rajnath Ram said that the initiative, which aims to promote carbon capture, utilisation, and storage (CCUS), could provide funding support ranging between 50% and 100% for selected projects.
Brazil's Cemig plans on leveraging hydroelectric expertise to build new power plants
Reynaldo Passanezi Filho, CEO of Brazil's Cemig state-controlled electricity utility, said that Cemig will use its hydropower experience to invest in clean technologies to boost the country's grid. Cemig has a plan to invest nearly 40 billion reais (7,4 billion dollars) from 2025 to 2029. The company prioritizes power distribution and gradually shifts from network expansion to digitization in order to improve consumer experience.
Taiwan's offshore projects will move into deeper waters and require more state support
Industry officials and analysts say that Taiwan's attempt to boost its offshore wind market will require a huge amount of government support to help prospective suppliers achieve their capacity goals, as projects are moved to deeper, more technically challenging waters. The island's densely-populated population, which was long dependent on coal power, has quadrupled the wind power capacity from 1 gigawatt to 4 GW, up from less than 1 before the COVID-19 epidemic.
Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage. The report prepared by the energy group Edison, and think tank TEHA, indicated that Italy would take 10 years longer to deploy renewables and storage facilities than anticipated, and this could prevent it from meeting EU decarbonisation targets for 2030.
Andy Home: A quiet revolution is taking place in the mining industry
If the world wants to move away from fossil fuels, it will need to have a large amount of copper. Can the mining industry meet this demand? The challenges are enormous. The challenges are huge. The mining process has been highly wasteful and polluting in the past. According to a research paper from Germany's Fraunhofer Institute, the world discovered 650 million metric tonnes of copper between 1910-2010 but only 100 million tons made it to the market.
Trump Administration unveils tougher rules on solar and wind subsidies
Trump's administration will likely take another step to curb the growth of renewable energies in the United States as early as Monday by making it more difficult for companies to claim federal subsidies for wind and sun energy. The Treasury Department will meet a deadline of 45 days, set in July by U.S. president Donald Trump, to revise the rules that govern who is eligible for tax credits on clean energy…
Maguire: US clean energy capacity grows slower, but wider by 2025
This year, the pace of adding new solar, wind, and battery capacity in the U.S. has slowed down nationally and in some key states, which is hurting sentiment for clean energy. Climate trackers should take heart in the fact that growth has continued outside of Texas and California. According to data collected by the energy data platform Cleanview by mid-2025, combined installations of solar and wind power systems…
Raychaudhuri: China's price wars are a steep battle.
Price wars have led to a collapse in profitability and an acceleration of deflation on the Chinese domestic market due to overcapacity. In response, the government launched a program called "anti-involution", which aims to counter deflationary pricing wars. This battle could last a long time. It has already seen some success, but it is still a long-term fight. Involution, the Chinese…
Sources say that the CO2 levels are crucial to BP-Petrobras' partnership in Bumerangue Block.
Three sources from the Brazilian state oil company told us that a possible partnership between BP, Petrobras and the British firm to develop BP's oil-and-gas find in Brazil's Pre-salt Layer would depend on the carbon dioxide levels of the reservoir. BP's chief executive Murray Auchincloss announced on Tuesday that BP would be looking for a partner to develop its Bumerangue Block discovery, which is considered by BP as its largest global find in 25 years.
Google will invest $6 billion into a data centre in southern India, sources claim
Google, the Alphabet division of Alphabet, will invest $6 billion in developing a 1 gigawatt data center and its power infrastructure within the southern Indian state Andhra Pradesh. This is the first investment made by the Alphabet in India. Two Andhra Pradesh sources who are directly involved in the matter said that the data centre will be built in Visakhapatnam and include $2 billion worth of renewable energy to power it.
Google will invest $6 billion into a data centre in southern India, sources claim
Google, the Alphabet division of Alphabet, will invest $6 billion in developing a 1 gigawatt data center and its power infrastructure within the southern Indian state Andhra Pradesh. This is the first investment made by the Alphabet in India. Two Andhra Pradesh sources who are directly involved in the matter said that the data centre will be built in Visakhapatnam and include $2 billion worth of renewable energy to power it.
Nickel demand in the Philippines is a major concern
The Philippines is ramping up its operations to meet the global demand for metals, minerals and other materials to support the green transition. "When you mine for nickel, you must remove topsoil, forest vegetation and wildlife, causing deforestation and displacement of wildlife," said Grizelda mayo-Anda. She is the director of Environmental Legal Assistance Center, a legal organization that promotes environmental rights. In response, Palawan Gov.
Baker Hughes makes a $13.6 billion Chart Industries bet on LNG and datacenter demand
Baker Hughes announced on Tuesday that it will buy Chart Industries for $13.6 billion in an all-cash, debt-free deal. This is a bid to expand its LNG, data center and decarbonization businesses. The acquisition is part of Baker Hughes’ efforts to leverage their industrial and energy technologies portfolio which helped boost the second-quarter earnings and adds to ongoing consolidation within the oilfield service and industrial supply sectors.
FT reports that Baker Hughes is close to a $13.6 billion agreement with Chart, despite a rival bidder.
The Financial Times reported that Baker Hughes, a supplier of oil and gas equipment, is close to a deal worth $13.6 billion in cash, which would allow it to purchase Chart Industries ahead of rival bidder Flowserve. Chart had agreed in June to merge with Flowserve, a maker of flow control systems, in a $19-billion all-stock deal. Baker Hughes, Chart Industries, and Flowserve have not responded to our requests for comment.