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
Browsing: energy sector
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
Spain is set to supercharge its economic growth, fueled by a groundbreaking new energy edge, CaixaBank Research reveals. Through ambitious investments in renewables and a dynamic drive toward energy transition, the nation is rising as a trailblazer in Europe’s clean energy revolution
Discounts on Iranian crude oil have deepened in China as independent refiners, known as teapots, pull back from buying amid mounting financial pressures and tighter regulations, sources told Reuters-revealing a slowdown in demand in this vital market
Spain’s blackout investigation has cast a spotlight on both the national grid operator and utility companies, uncovering serious coordination failures and infrastructure weaknesses that sparked the massive power outage, the Financial Times reports
Cheniere Energy is accelerating LNG exports to Japan, strengthening its long-term commitment to energy partnerships and meeting soaring demand. This dynamic move underscores the company’s passion for fueling growth in the global LNG market
Russia is preparing to revamp its 2025 budget amid a sharp decline in energy revenues, signaling the possibility of a wider deficit on the horizon. As reported by The Moscow Times, the government plans to adjust its spending strategy in response to oil and gas earnings falling short of expectations
The EU has unleashed a bold new wave of sanctions targeting Russia’s crucial economic lifelines, focusing sharply on energy exports and key financial institutions. This decisive move intensifies the pressure amid rising tensions, signaling Brussels’ unwavering resolve and stronger stance than ever before
Argentina is poised for a thrilling surge in mergers and acquisitions under President Milei, with the energy sector shining as a prime hotspot for eager investors, according to PwC. The market buzzes with anticipation as fresh reforms pave the way for an exciting wave of investment opportunities
Eni and YPF have teamed up in a groundbreaking agreement to propel Argentina’s LNG project to new heights, paving the way for a significant surge in natural gas exports and stronger energy collaboration. This partnership marks an exciting strategic breakthrough that could reshape South America’s energy future
With Argentine Economy Minister Milei visiting Rome, YPF has secured a landmark LNG export deal with Italian energy giant ENI, poised to supercharge Argentina’s energy landscape and strengthen the bond between the two countries
U.S. crude oil inventories plunged by 4.3 million barrels last week, signaling a tightening supply amid robust demand, according to the latest data from the Energy Information Administration (EIA)
Argentina is turbocharging its investment in mining and fossil fuel extraction to ignite economic growth. The government is seizing the opportunity to harness its rich natural resources amid soaring global energy demand and ongoing economic challenges