A massive and sudden power outage swept across the Iberian Peninsula this afternoon, plunging vast swathes of Spain and Portugal into darkness and triggering significant disruptions to critical infrastructure and essential services. The blackout, which commenced at approximately 12:00 PM GMT, has impacted major urban centers and transportation networks, leaving …
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Jera is considering participating in a proposed liquefied natural gas (LNG) export project in Alaska, as part of Japan’s efforts to negotiate a trade deal with the United States. “We see Alaska as one of the promising procurement sources,” Naohiro Maekawa, an executive officer at the world’s biggest LNG buyer, …
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The operator of the largest gas-fired electricity generation fleet in America believes that renewables will be vital to meet the rise in power demand driven by AI and the reshoring of manufacturing. NextEra Energy – whose 72 gigawatts (GW) operating portfolio consists of 55% renewables, 36% gas, and 8% nuclear …
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Crude oil prices started trading this week with a gain despite mixed signals from Washington regarding tariff negotiations with China. At the time of writing, Brent crude was trading at $67.03 per barrel, with West Texas Intermediate at $63.22 per barrel, after Treasury Secretary Scott Bessent said on Sunday he …
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The Trump Administration is pushing the International Energy Agency (IEA) to ditch its focus on the energy transition and promotion of renewable energy sources, two sources briefed on recent IEA meetings have told POLITICO. Reports emerged as early as last summer during President Donald Trump’s presidential campaign that if elected, …
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Iran and Russia are enhancing further their energy cooperation as Russian companies signed a deal to develop oilfields in Iran and the countries discuss the creation of a natural gas hub in the Islamic Republic. Iran’s Oil Minister Mohsen Paknejad is currently on a visit to Moscow, where the two …
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Eni has confirmed an oil discovery at the Capricornus 1-X well in the Orange basin offshore Namibia. The drilling took place in Petroleum Exploration Licence 85 (PEL85), operated by Rhino Resources with a 42.5% working interest. Azule Energy, a joint venture between Eni and bp, also holds a 42.5% stake, …
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As India looks to boost its nuclear power generation, the government is considering allowing foreign companies to own up to a 49% stake in Indian nuclear power plants, government sources told Reuters on Friday. Even if India passes amendments in its nuclear foreign investment laws to allow up to 49% …
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New oil well drilling in Russia has accelerated to the fastest in five years despite the recent oil price decline, Bloomberg has reported, suggesting the pick-up in activity anticipates a further reversal in OPEC+ production cuts and the possibility for the removal of U.S. sanctions. The current level of drilling …
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In January, China’s National Energy Administration said it was eyeing stable oil production of over 200 million tons in 2025. Two months later, oil production in the world’s largest importer of the commodity hit an all-time high of 4.6 million barrels daily, per official data. China is taking “Drill, baby, …
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