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Equinor scales back climate ambitions
Norway’s Equinor has scaled back its energy transition ambitions as it faces mounting challenges in meeting renewable investment targets, blaming rising costs, supply chain issues and changing political priorities.
Energy demand surges, renewables increase substantially
The latest report from the International Energy Agency has revealed a significant rise in global energy demand in 2024, driven primarily by a sharp increase in electricity consumption.
Glaciers are melting faster than ever before due to climate change, says UN agency
Mass loss of ice from the world’s 19 glacier regions was 450bn tonnes in 2024, says a new report from the UN’s World Meteorological Organisation.
More than 2bn people’s food and water supplies set to be disrupted by melting glaciers
The food and water security of approximately 2bn people will be negatively affected by the rapid retreat of glaciers, the United Nations has warned, and accelerating melt rates are expected to have severe and unpredictable consequences.
Trump threatens 25% tariffs on Venezuelan oil buyers, extends Chevron licence
US President Donald Trump has announced a sweeping 25 per cent tariff on any country purchasing oil or gas from Venezuela, escalating his administration's economic pressure on the South American country and its international trading partners.
Russia, Mongolia hold more talks on gas pipeline to China
Plans for the Power of Siberia 2 gas pipeline linking Russia to China via Mongolia were discussed during a meeting between Russian Energy Minister Sergei Tsivilev and Mongolia’s Ambassador-at-Large Zandaahuu Enkhbold.
Global energy demand doubled in 2024 driven by extreme temperatures, but renewables covered 80% of the increase, says IEA
Global energy demand growth surged in 2024 to almost twice its recent average, driven by rapidly rising electricity use, the International Energy Agency said in its global energy review 2025 report on March 23.
Canadian government invests CAD200mn in Cedar LNG Project
Cedar LNG, a joint venture between Pembina Pipeline and the Haisla Nation has been granted CAD200mn in financing from the Canadian government under its Strategic Innovation Fund, Mark Carney’s administration announced.
Germany seeks to sub-charter floating LNG terminals amid contract disputes
Germany’s economy ministry is gauging interest in its excess floating LNG terminals as it considers sub-chartering the ships as they sit idle following two contract cancellations.
Rosneft achieves record revenue, EBITDA in 2024
Russia’s largest oil producer Rosneft reported record revenue of RUB10.14 trillion ($12.7bn) in 2024, an 11% year-on-year increase.
Kenya signs nuclear energy pact with Chinese firm
European Commission launches inquiry over BYD’s Hungarian investment
The European Commission has launched an investigation into whether BYD received unfair state subsidies from China to support the construction of its Hungarian factory.
India boosts energy, mobility infrastructure in western Himalayas
The union territory of Ladakh holds immense strategic and geopolitical importance for India as it borders China and Pakistan.
Philippines launches fourth green energy auction with expanded capacity
The Philippines’ Department of Energy has outlined the guidelines for the fourth green energy auction, targeting the addition of 9,378 MW of renewable energy capacity.
Chevron presses Trump for Venezuela oil licence reprieve
Chevron is mounting a last-ditch effort to salvage its Venezuelan operations by engaging in intense lobbying at the highest levels of the US government.
ING: What a potential restart of Russian gas flows could look like
Growing optimism for a peace deal between Russia and Ukraine has sparked discussions about the potential resumption of Russian gas flows to Europe. It might happen: a partial restart of flows could drastically change the outlook for the gas market.
Nigeria inaugurates first modular LPG plant, 20-MW gas-to-power project
The Nigerian government has inaugurated the country’s first modular liquefied petroleum gas extraction plant and a 20-MW gas-to-power project at the Otakikpo field in Rivers State.
Trump proposes taking control of Ukraine’s nuclear power plants
President Trump has proposed that the US assume control of Ukraine's nuclear power plants to safeguard the country's energy infrastructure as part of a ceasefire plan, the president said during a call with Ukrainian President Zelenskiy.
Japan Airlines, Airbus join sustainable aviation fuel joint venture
Japan Airlines and European aircraft manufacturer Airbus have joined a Japanese joint venture aiming to produce bioethanol from domestically sourced woody biomass for use as sustainable aviation fuel.
Nigeria declares state of emergency following pipeline explosions during unrest in Rivers State
Nigeria’s President Bola Tinubu on March 18 declared a state of emergency in Rivers State following explosions at two oil pipelines.
Nigerian association IPMAN denies opposing petrol price drop by Dangote, NNPCL
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it stood against plans by 650,000 barrels per day (bpd) Dangote Refinery and the Nigerian National Petroleum Co. Ltd. (NNPCL) to cut petrol prices.
South Africa experiences 83% drop in power cut losses to economy as supply improves
South Africa has experienced an 83% drop in the cost of power outages to the country’s economy, according to the Council for Scientific and Industrial Research (CSIR).
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