Energy
LATEST NEWS FROM ENERGY
Energy
Nigeria considers crude supply reforms to aid Dangote, other refiners
Nigeria is considering changes to crude allocation and pricing rules to improve feedstock access for its refiners, including Dangote Refinery, the local oil refiners' association ...
Energy
Vietnam considers second LNG term contract after deal with Shell, document shows
State-controlled Petrovietnam Gas is sounding out suppliers for a possible tender to procure liquefied natural gas under a five-year contract, according to a document reviewed by ...
Energy
India's HPCL, MRPL seek up to six million barrels crude, documents show
India's state-run refiners Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are seeking up to a combined 6 million barrels of oil through spot tenders, do...
Energy
British grid operator seeks backup power during solar eclipse hours
Britain's National Energy System Operator has issued an electricity margin notice for Wednesday evening, asking market participants to make any additional generation capacity ava...
Energy
Elliott pushes Australian gold miner Northern Star for board change after talks stall
Elliott Investment Management pressed Northern Star Resources for director changes on Wednesday, unveiling a slate of six possible candidates and inviting shareholder support aft...
Energy
E.ON slightly beats forecasts as industrial business drives first-half profit
E.ON , Europe's largest energy grid operator, on Wednesday posted first-half core profit that came in slightly ahead of estimates, boosted by the group's division that cater...
Energy
Libya's state power company says attack on Zawiya substation causes major outage
The General Electricity Company of Libya said on Wednesday that an attack on the South Zawiya substation caused a complete outage and loss of power supply to wide areas south of...
Energy
Indonesia to lift investment moratorium for Thailand's PTT after oil spill compensation paid, official says
The Indonesian government has agreed to lift an investment moratorium on Thai energy firm PTT after the company paid compensation for a 2009 oil spill in the Timor Sea, a senior ...
Energy
Oil rises as doubts over US-Iran deal heighten supply concerns
Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data ...
Energy
Australia's AGL misses annual profit estimates as higher gas costs weigh
Australian power producer AGL Energy posted lower annual underlying profit on Wednesday, missing analyst estimates, as higher gas supply costs and weaker wholesale electricity pr...
Energy
Enel loses appeal in Brazil's probe of Sao Paulo power concession
Brazilian power regulator Aneel on Tuesday rejected Italian utility Enel's appeal against proceedings that could lead to the revocation of its Sao Paulo electricity distribution ...
Energy
Some Middle East oil output will stay shut through next year, US EIA says
Some producers in the Middle East are likely to struggle to restore oil output to pre-conflict levels by the end of 2027, even if trade patterns return to normal by early next year...
Energy
Nigeria approves deep-water oil investment framework aimed at unlocking $50 bln
Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attr...
Energy
Russia's oil exports to Asia via Arctic route start strongly, sources say and data shows
Russia has begun shipping crude oil via its Arctic sea route this year at a faster pace than a year ago, with seven cargoes carrying some 6 million barrels of crude already headin...
Energy
Dangote refinery spurs West Africa fuel trading hub ambitions
West African energy regulators are stepping up plans for a regional fuel pricing benchmark and trading hub, betting that a wave of new refining capacity led by Nigeria's Dangote ...
Energy
Argentina's YPF ups 2026 investment estimate to $6.2 billion
Argentine oil company YPF projects investments of up to $6.2 billion in 2026, above the previous estimate of up to $5.8 billion, CEO Horacio Marin said on Tuesday in a presentati...
Energy
Russia's Sibur petrochemical plant in western Siberia shut after drone attack, sources say
Russia's Sibur Zapsibneftekhim petrochemical complex in Tobolsk, in the Tyumen region of western Siberia, was damaged in a drone attack on Monday, three industry sources told Reu...
Energy
Kenya Power says rapid wind and solar uptake is affecting grid
Kenya's national power utility said on Tuesday that rapid uptake of variable renewable energy sources such as wind and solar was affecting the stability and reliability of the Ea...
Energy