A massive swarm of jellyfish has forced a nuclear power plant in France to shut down temporarily, halting operations and revealing serious vulnerabilities in seawater-dependent cooling systems. Authorities are now racing to assess the full scope of the disruption
Browsing: energy sector
Sanctions-hit Indian refiner Nayara Energy is in active talks with the government, seeking vital support to navigate mounting financial challenges and keep its operations running smoothly, Reuters reports. These discussions aim to secure a stable and sustainable future for the company
Germany’s Uniper is gearing up to unleash a massive $5.8 billion investment by 2030 in a bold strategic transformation aimed at turbocharging renewable energy expansion and dramatically cutting reliance on fossil fuels, Reuters reports
YPF CEO announced a deliberate slowdown in drilling at Argentina’s Vaca Muerta shale, citing tough market conditions and soaring costs. This cautious approach highlights the company’s strategic response to the unpredictable global energy landscape
Brazil’s Petrobras has hinted that extra dividends this year are unlikely, citing market uncertainties and urgent investment needs, Reuters reports. The state-controlled oil giant is prioritizing capital expenditure as energy prices continue to fluctuate unpredictably
Argentina’s YPF experienced a dramatic nearly 90% drop in Q2 profits, battered by plunging fuel prices. The state-run oil giant faces mounting challenges as global market turmoil and softening demand weigh heavily on its performance, Reuters reports
TotalEnergies (TTE:NYSE) is shaking up the South American energy scene with a bold $500 million deal, selling its stakes in two Argentina oil and gas blocks to YPF. This strategic move is designed to sharpen its focus and streamline its portfolio for greater impact
TotalEnergies has taken a bold step in South America, selling its 45% stake in Argentina oil blocks to YPF for $500 million. This move marks a significant strategic shift in the company’s regional operations, TradingView reports
Spain’s Cox has made a daring move by acquiring Iberdrola’s Mexican assets in a $4.2 billion deal, significantly boosting its footprint in Latin America’s vibrant energy market. This groundbreaking transaction marks a pivotal change in the ownership landscape of the region’s power sector
President Trump’s latest order removes tariffs on aircraft, orange juice, and energy products imported from Brazil. This bold step aims to ease trade tensions while maintaining pressure on other sectors, Reuters reports
Spain’s Cox is targeting Iberdrola’s Mexican assets and other strategic opportunities to supercharge growth, the CEO reveals. The energy powerhouse is on a mission to expand its footprint across Latin America, leveraging key acquisitions to strengthen its market leadership
Australia’s Viva Energy shares plunged 11% after an unexpected slump in convenience store sales. This sharp decline has raised concerns about the company’s near-term profitability amid shifting consumer behaviors, Reuters reports
Spotlight: Argentina’s electric power sector is electrified with fresh investment, fueled by groundbreaking renewable energy projects and state-of-the-art grid modernization. This vibrant landscape presents incredible growth opportunities for local pioneers and global investors alike
Exclusive: The CEO of Russia-backed Indian refiner Nayara has stepped down amid escalating EU sanctions, sources tell Reuters. This move underscores the rising geopolitical tensions that are dramatically transforming the global energy landscape
Exclusive: France’s EDF is gearing up to scale back on select overseas projects and trim its workforce, insiders tell Reuters. The energy giant is honing its strategy and streamlining operations to tackle growing financial pressures head-on
Canada’s Enbridge is making a bold leap with a $900 million investment in a Texas solar project, dramatically expanding its renewable energy portfolio. This thrilling move underscores Enbridge’s unwavering commitment to clean energy as demand skyrockets
The EU has unleashed a bold new wave of sanctions targeting Russia’s energy sector, aiming to drastically cut Moscow’s revenue as tensions continue to rise. These decisive actions focus on restricting the flow of oil and gas exports to Europe, intensifying the pressure on Russian energy supplies
A US judge delivered a stinging rebuke of Argentina’s handling of the YPF stake transfer, triggering a delay in handing over the crucial 51% share of the energy giant. This ruling deepens the uncertainty engulfing the fierce battle over this vital state-controlled asset
A U.S. judge has ordered Argentina to surrender its stake in YPF, escalating the fierce battle over a colossal $16.1 billion judgment and turning up the heat in the high-stakes struggle over debt repayment and sovereign assets, Reuters reports
Canada is boldly charging ahead to secure its spot as a global energy leader by boosting exports of oil, natural gas, and clean energy. Fueled by growing investments, the government is powering initiatives to meet soaring global demand and enhance energy security for years to come