Section
Energy
Shell spins off its renewables arm in Europe
Shell has agreed to sell its European onshore renewables business, including around four gigawatts of solar, wind, and battery-storage assets, to TotalEnergies. This transaction, expected…
US nuclear group Westinghouse files for IPO
Westinghouse Electric has confidentially filed for an IPO to raise capital amid growing investor interest in nuclear power and expansion plans. This move reflects a…
Oil prices fall below $90 as pause holds in Iran war
Oil prices dropped below $90 a barrel following a temporary ceasefire between the United States and Iran, which raised hopes for renewed diplomacy and the…
PDO to Supply up to 200 MW to Oman Grid Under Five-Year Power Deal
Petroleum Development Oman has signed a five-year agreement to supply up to 200 MW of electricity from its captive power plants to Oman’s national grid…
Energy sector faces 'challenges' with modest 2026 targets
China’s oil and gas production reached record highs in 2025, with crude output peaking at 216 million tonnes, bolstering the country’s energy self-sufficiency. However, the…
Oman Crude Climbs Above $81 Amidst Tensions
The official price of Oman crude oil for September delivery rose by $2.34 to $81.79 per barrel amid gains in global benchmarks. This increase reflects…
Utility boss warns of blackouts in US next year
Exelon CEO Calvin Butler warned that power outages could occur as early as next year due to critical shortages in the electrical grid, particularly in…
After War’s Energy Shock, Nations Look Inward for Solutions
The closure of the Strait of Hormuz has led countries worldwide to increase domestic energy production and diversify their energy sources in response to rising…
World Leans on Two Pillars for Liquefied Natural Gas, but One Teeters
Iranian attacks on Qatar’s Ras Laffan LNG hub have damaged key infrastructure, removing about 20% of the global LNG supply and causing price spikes and…
Oil inventories are dropping at a record pace, IEA says
The International Energy Agency forecasts a significant global oil supply shortfall of about 1.78 million barrels per day in 2026 due to Iran-related conflict disrupting…
Major oil back in Alaska as U.S. state becomes 'fantastic opportunity'
Major oil companies including ExxonMobil, Shell, and Repsol have collectively spent $163 million to secure leases in Alaska’s National Petroleum Reserve, reigniting exploration after nearly…
Fusion group plans first UK generator
US fusion start-up Type One Energy, supported by Bill Gates, plans to build the UK’s first commercial fusion power plant by the mid-2030s in partnership…
Oilsands group says progress on MOU too slow
Capital investment in Canada’s oilsands has dropped nearly 45% over the past decade due to regulatory challenges, fiscal policies, and an industrial carbon tax viewed…
Oil stays volatile amid Middle East tensions
Global oil prices fell sharply on Tuesday after the U.S. military escorted the vessel Alliance Fairfax through the Strait of Hormuz, demonstrating limited safe passage…
Oil rises amid heightened tensions in Hormuz
Oil prices rose sharply as Iran claimed it forced a U.S. warship to retreat from the Strait of Hormuz, an allegation denied by U.S. officials,…
South Africa’s power supply is exceeding demand, says Eskom chief
South Africa’s Eskom has reversed years of power shortages and is now generating more electricity than needed, potentially allowing the country to avoid planned outages…
Could a revived Trans-Arabian Pipeline map a new future?
The Trans-Arabian Pipeline, which once transported up to 30% of Saudi Arabia’s oil exports and has been inactive since 1990, is being reconsidered as a…
Ed Miliband Proposes New Measures to Decouple Electricity Price from Gas
Ed Miliband has proposed measures to reduce the UK electricity market’s dependence on global gas prices by encouraging renewable energy generators to adopt fixed price…
Natural gas key to growth
PTT Plc is ramping up its LNG trading operations with plans to increase volumes from 3.3 million tonnes in 2025 to 15 million tonnes by…
EU plans to share jet fuel as stocks fall
The European Commission is set to introduce measures to manage jet fuel shortages across the EU, including enhanced monitoring, coordinated supply chains, and potential mandatory…
Oil gains as traders monitor US-Iran talks over Hormuz
The Strait of Hormuz reopened for commercial shipping following a two-week ceasefire between the U.S. and Iran, easing disruptions to about 20 percent of the…
Oil prices expected to remain high
Oil prices dropped sharply after a ceasefire was announced between the U.S. and Iran, with West Texas Intermediate closing at $94.41 per barrel, but analysts…