GE Vernova is gearing up to cut 600 jobs across Europe, including 120 in France, as part of a bold strategy to streamline its operations. According to a recent report by Investing.com, this move underscores the growing pressures and challenges currently reshaping the industry
Repsol, a trailblazer in the global energy arena, is making bold strides across oil, gas, and renewable sectors. Fueled by a deep commitment to sustainability, Repsol is powering the global energy transition like never before
India slashes GST on renewable energy components to just 5%, igniting a powerful surge in clean energy adoption and slashing costs. This bold move supercharges the nation’s green transition, propelling rapid growth across the renewable sector. (Yahoo Finance)
Ignacio Galán met with the UK Prime Minister at Downing Street to unlock thrilling new investment opportunities, strengthening the energy partnership between the UK and Spain. Their conversation focused on advancing cutting-edge sustainable energy projects and enhancing bilateral cooperation for a greener future
Canada and Germany have teamed up in a dynamic new partnership focused on critical minerals and energy innovation. This powerful alliance is set to strengthen supply chains and fast-track the creation of groundbreaking clean energy technologies, the Canadian government announced
Murphy USA (MUSA) shares have jumped 3.3% since the last earnings report, driven by strong retail fuel sales and smart cost control. Investors are closely watching to see if this positive momentum can continue despite ongoing market volatility
Nigerian President has called for the swift return of Brazil’s Petrobras to Nigerian oil projects, signaling an exciting new chapter of collaboration and investment in the energy sector, Reuters reports
Oil prices dipped as the US sharply criticized India’s newest energy policies, sparking concerns over a potential global supply glut. Market watchers remain on high alert, bracing for volatility amid geopolitical tensions and shifting demand forecasts
Prysmian’s cable-laying vessels have embarked on an exciting mission to install two crucial subsea interconnections off Spain’s coast, marking a significant milestone in expanding the country’s offshore energy network
Mitsubishi Heavy Industries has stepped away from Japan’s offshore wind projects, citing soaring costs and challenging conditions. This move raises serious questions about the future of the country’s bold renewable energy ambitions
A U.S. appeals court has handed a significant victory to Argentina, blocking the sale of shares in YPF, the state-backed oil powerhouse. This ruling puts a temporary stop to any shifts in ownership as the fierce legal battles over control of YPF continue to escalate
DOF Group ASA has secured an exciting new offshore contract in Brazil, signaling a major leap forward in its regional footprint. This achievement highlights the company’s swiftly rising impact in the Brazilian offshore engineering sector
Brazil’s National Petroleum Agency (ANP) has just announced a thrilling offshore auction with seven brand-new blocks, poised to spark a wave of exploration and boost production in the nation’s abundant pre-salt and deepwater basins
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
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
