The rise of data centers and their quest for renewable energy to power AI technology will boost the growth of renewables even under President Donald Trump, the Americas head of Japan’s biggest bank, Mitsubishi UFJ Financial Group, told Reuters. “The new administration will be more constructive on fossil fuels, but …
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In a significant development for European energy markets, Russian energy giant Gazprom has completed its first liquefied natural gas (LNG) delivery to Italy from its Baltic Sea-based LNG Portovaya facility. The shipment, carried by vessel Cool Rover, arrived at Italy’s FSRU Toscana terminal in Livorno, Reuters reported citing LSEG data. …
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Slovakia may consider reciprocal measures against Ukraine if it doesn’t allow the transit of gas from Russia to Europe. Slovak Prime Minister Robert Fico said he was taken aback by Ukrainian President Volodymyr Zelenskiy’s refusal to allow flows after the two leaders spoke at a summit in Brussels. Zelenskiy said …
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China’s coal imports from Australia rose to their highest in more than four years in November, customs data showed on Friday, as shipments continue to recover from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric tons in November, according …
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The United States has exempted Turkey from sanctions on Russia’s Gazprombank so that it can continue to pay for gas imports, the Turkish energy minister told Bloomberg. Washington sanctioned dozens of Russian banks in November, including Gazprombank, which since March 2022 had been the only bank countries could use to …
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TotalEnergies SE has agreed to sell 50 percent of its ownership in West Burton Energy to EPUK Investments Ltd. (EPUKI), the UK division of Energeticky a prumyslovy holding (EPH). TotalEnergies recalled in a media release that it had purchased West Burton Energy with the plan to resell half. West Burton …
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The UN climate conference, COP29, held in Baku in November garnered plenty of global attention. But another, lower-profile UN-sponsored COP, shorthand for conference of parties, convened earlier in December in Saudi Arabia. That COP tackled another global warming-related challenge – the spread of desertification. Barron Joseph Orr, the lead scientist …
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The 2024 hurricane season was relentless, and it took U.S. energy infrastructure along for the ride. Above-average storm activity—18 named storms, five of which were major hurricanes—created disruptions in electricity markets and oil and gas production in the Gulf of Mexico. Hurricanes Helene and Milton, both Category 3 storms, were …
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India’s second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand. State-controlled BPCL expects to raise its total refining capacity to 45 …
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Russian crude oil exports by sea have dropped by 11% from a recent high in October, due to maintenance at the Baltic port of Primorsk, pressure for Russia to align with its OPEC+ quota, and increased sanctions pressure. In the four weeks to December 15, Russia’s seaborne crude exports averaged …
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