The US is bracing for a surge in natural gas demand as freezing weather and snowstorms threaten to cause widespread power outages, reported Reuters, citing energy analysts and reliability coordinators. The current conditions could lead to the highest levels of natural gas demand this winter. The increased demand coincides with …
Read More »Germany’s Solar Industry Faces Cloudy Future as Demand Slows
Germany’s solar boom has slowed to a trickle and turned into a bust for domestic manufacturers of solar panels and PV system installers and providers. Following a breakneck surge in solar power installations in 2022 and 2023 at the peak of the energy crisis, German solar capacity additions slowed toward …
Read More »Oil Holds near October high on Strength in Middle East Markets
Oil steadied near its highest level in almost three months, after some Middle Eastern oil grades strengthened on robust demand from Asian refiners. Brent traded near $76 a barrel after earlier Monday hitting its highest since Oct. 14. West Texas Intermediate was around $74. Traders will be looking out for …
Read More »Shale Oil Prospects Threaten Nigeria’s Revenue Target
As Donald Trump prepares to become America’s 47th president on January 20, the potential resurgence of United States’ shale oil industry will reopen the 2014 scars for Nigeria and some of the biggest oil producers in the world as they seek to support prices and reduce oversupply. The resurging shale …
Read More »Norway Doubles down on Oil and Gas
After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas investment is …
Read More »Eni Launches Europe’s most Powerful Supercomputer
Italian oil and gas giant Eni S.p.A has launched its next-generation supercomputer that will help it to ramp up oil and gas discovery technology and support its decarbonization strategies. Based at Eni’s Green Data Center in the small town of Ferrera Erbognone, the €100m High-Performance Computing 6 (HPC6) machine is …
Read More »South Africa Looks to Attract Chinese Firms to Its $27-Billion EV Industry
South Africa’s recently adopted tax breaks for electric vehicle production have already piqued the interest of three Chinese EV manufacturers to invest in new-energy vehicles in the African country, an official at the local automotive association told Bloomberg. Three car makers from China have already signed non-disclosure agreements with the …
Read More »U.S. LNG Exports Soar in December, Lifting Full-Year Growth by 4.5%
U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded …
Read More »Work Continues on Iraq’s First Solar Energy Project
The first concrete step toward increasing Iraq’s dependence on renewable energy sources to generate power is the start of the country’s first solar energy plant. In light of the country’s growing need for power, the government is taking this move to diversify its energy sources and attain sustainability in the …
Read More »India Seeks Developers for Floating Solar Projects at 35 Dams and Reservoirs
UPNEDA is seeking EOI from developers to set up floating PV projects on a build-own-operate basis at 35 dams and reservoirs identified in the Indian state of Uttar Pradesh. UPNEDA, in collaboration with the Irrigation and Water Resources Department, will lease dams and reservoirs to the developers to support the …
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