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Researchers find that climate change made LA wildfires more likely
January’s deadly wildfires in Los Angeles were worsened by human-made climate change, according to a study by World Weather Attribution.
Renewables could power 80% of data centres, Goldman Sachs says
Renewables can supply the vast majority of power required for the growing demand of energy needed to operate data centres, research from Goldman Sachs has revealed.
West Africa LPG Expo advocates for clean energy transition
Regional and global energy investors are preparing plans to actualise an effective method for a clean energy transition in West Africa at the 6th edition of the West Africa LPG Expo.
Brazil’s Petrobras hits 2024 output targets, boosts pre-salt production
Brazil’s national oil company (NOC) Petrobras met its 2024 production targets, with total oil and gas output reaching 2.7mn barrels of oil equivalent per day (boed).
Turkey awards 1.2 GW of wind power deals in tenders
$1.2bn will be invested in building five plants. Winners awarded grid connections for 49 years.
Diversified to buy Maverick in $1.3bn Permian purchase
Diversified Energy has agreed to acquire private equity-owned Maverick Natural Resources for $1.275bn.
Germany’s Russian LNG imports surge over 500% in 2024, via other countries
Germany talks loudly about ending Europe’s imports of Russian gas, but as a result of alternative sources of energy, it has seen imports of Russian LNG soar by 500% in 2024 y/y, worth a total of €7.32bn, delivered via other European countries.
South Korean firms join Australian low-carbon project
A consortium of South Korean energy firms led by Korea Southern Power Co. has partnered with Australia’s Pilot Energy to develop the MidWest Clean Energy low-carbon ammonia project in Western Australia’s Perth Basin.
France puts pressure on EU to scale back ESG reporting requirements
The EU’s ESG reporting requirements are set to face a stiff challenge as the French government is preparing to submit proposals to curb the scope of ESG regulatory requirements.
ExxonMobil, QatarEnergy kick off exploration drilling off Cyprus
ExxonMobil and QatarEnergy have commenced exploratory drilling for natural gas at the Electra prospect west of Cyprus.
Ukraine's stored gas falls to critically low levels, imports urgently needed
Ukraine's natural gas reserves in its massive underground storage tanks have fallen to a critical level and the country urgently needs to import more gas, says Serhiy Makogon, the former head of Ukraine's gas transit operator.
Solar generation tops coal for first time in EU in 2024
The EU reached a key milestone in 2024 as solar power surpassed coal use for the first time in the bloc’s history.
Nigerian marketers may drop Dangote Refinery in favour of low-cost imports
Nigerian oil marketers revealed this week that the price of petrol imports had dropped from N955 ($0.61) per litre to N922.65 ($0.59), with the price encompassing import duties, shipping fees and exchange rate fluctuations.
Transparency International Bangladesh urges new renewable energy plan free from fossil fuel lobby
Transparency International Bangladesh (TIB) has urged the development of a new national energy master plan prioritising renewable energy and eliminating the influence of the fossil fuel lobby
KBR wins contract to support Saudi sustainability work
KBR has been awarded a contract to support Saudi Aramco’s sustainable energy production efforts
Denmark approves preservation work at damaged Nord Stream 2 gas pipe
Denmark’s Energy Agency announced on January 28 that it had authorised Nord Stream 2 AG, a subsidiary of Russia’s Gazprom, to carry out preservation work on the Nord Stream 2 gas pipeline in the Baltic Sea.
Mexico's $20bn refinery crisis threatens energy sovereignty
The ambitious Dos Bocas refinery project in Mexico, once hailed a symbol of energy independence under President Andrés Manuel López Obrador (AMLO), is now facing severe setbacks that threaten its future.
Trump calls on OPEC to ramp up oil supply
"Right now the price is high enough that that war will continue," Trump said at Davos.
EU ministers agree gradual lifting of sanctions on Syria
European Union foreign ministers endorsed a roadmap for the lifting of sanctions against Syria on 27 January during a meeting in Brussels.
Expect no sanctions relief for Russian LNG
Preventing more Russian LNG entering the fast-growing gas markets of Asia over the coming years will help ensure extra US supply has a home.
ADNOC Gas signs $450mn supply deal with Japan’s JERA
United Arab Emirates’ state-run ADNOC Gas has signed a three-year LNG supply deal worth $450mn with Japan’s largest power generation firm, JERA.
Russian LNG exports hit new record in 2024
Russia exported a record 33.6mn tonnes of LNG in 2024, up 4% from the previous year, according to data from Kpler cited by Russian news agency RBC this week.
EU gives Moldova €30mn as short-term fix to energy crisis and promises longer-term plan
Targeted support to restore electricity and heat supply in the separatist Transnistria region.
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