Large Indian refiners are ramping up their purchases of Russian oil, enticed by highly competitive prices. In contrast, Reliance Industries is treading carefully, opting to hold back amid the current geopolitical uncertainties, Bloomberg reports
Browsing: energy sector
Russia has intensified its attacks on Ukraine’s energy infrastructure, targeting power plants and grids in a ruthless effort to plunge civilians into darkness just as winter looms, CBS News reports. Amid the ongoing conflict, Ukraine faces widespread power outages that are leaving communities struggling to stay warm and connected
California utilities have achieved a major regulatory win in their wildfire resilience efforts, securing eased requirements as they work to boost safety amid complex operational hurdles, sources tell E&E News
Russia’s oil and gas revenues tumbled by a staggering 34% year-on-year in November, revealing a sharp downturn driven by relentless sanctions and fading global demand, The Moscow Times reports. This steep drop is placing immense strain on the country’s economy
Global oil giants are joining forces to challenge the proposed Subsea7-Saipem merger in Brazil, sounding a loud alarm over potential antitrust issues. This formidable alliance warns that the deal could drastically reduce competition in the subsea services market
Argentina’s Southern Energy has just secured a game-changing $7 billion LNG export deal with China’s SEFE, igniting a powerful surge in Argentina’s energy sector and strengthening the bond between the two countries’ energy markets
Russian President Vladimir Putin is set to boost energy and defense exports during his visit to India, aiming to strengthen strategic ties as global geopolitics continue to evolve, Reuters reports
Mercuria and Vitol are neck and neck in the thrilling race to acquire RaĂzen’s Argentina refinery, Bloomberg reports. This high-stakes sale highlights a wave of investor excitement sweeping through Latin America’s energy sector as market dynamics rapidly shift
Berlin is gearing up to secure a stake in TenneT Germany by early 2026, signaling a bold move to strengthen state influence in the crucial energy grid operator, according to a government ministry letter. Reuters highlights this significant development as the government steps up its role in shaping the future of energy
Exclusive: EDF is considering a bold move to sell its entire US renewable energy division, aiming to sharpen its focus on its core French nuclear operations, Reuters reveals-signaling a major shift in the company’s global energy strategy
Iberdrola has kicked off an ambitious takeover bid to seize full control of Brazil’s Neoenergia, aiming to supercharge its presence in Latin America’s rapidly expanding renewable energy market, according to Yahoo Finance
Germany is gearing up to invite bids for new gas-fired power plants this March, taking a bold step to boost energy security amid ongoing market turbulence, a government minister revealed to Bloomberg
The UAE is gearing up to invest a staggering $50 billion in Canada, targeting cutting-edge fields like artificial intelligence and energy, Reuters reveals. This ambitious move aims to strengthen economic ties and spark groundbreaking innovation between the two nations
Alaska’s oil production is set to soar by 13% next year, the Energy Information Administration reveals. This exciting boost comes from intensified drilling activities and increased output from key fields, signaling a powerful resurgence for the state’s energy industry
The US sanctions targeting Russia’s oil giants are set to tighten Moscow’s financial grip, ramping up pressure on the rouble and squeezing the Russian economy by slashing crucial revenue from its energy exports, Reuters reports
ADNOC’s acquisition of Covestro has just received final regulatory approval in Germany, clearing the path for this thrilling deal to advance. This milestone marks a significant leap forward in ADNOC’s bold journey toward global expansion in the chemical industry
Canada’s oil sands are roaring back to life as U.S. shale production hits a plateau. Surging demand and soaring prices are fueling fresh investments, marking a powerful shift in the landscape of North American energy
Russia’s Lukoil is actively seeking buyers for its foreign assets, Reuters sources reveal. This bold strategy comes amid escalating geopolitical tensions and a swiftly evolving market landscape
Argentina’s YPF reported a net loss in Q3, driven primarily by soaring tax expenses. This state oil giant’s results underscore the challenging economic environment amid fluctuating commodity prices
Hitachi Energy Brazil is making waves on Bloomberg.com with its revolutionary strides in sustainable energy. Their state-of-the-art innovations are fueling Brazil’s drive toward a cleaner, greener tomorrow