Stories tagged “Energy.”
30 stories
The Power Division has resolved 11,695 pending net metering cases, following the transition from net metering to net billing. Federal Minister for Power Division Sardar Awais Ahmad Khan Leghari directed authorities to resolve the backlog on a priority basis.
Iranian media report US strike on Iranian oil tanker near Kharg Island
Iranian media reported a US strike on an Iranian oil tanker near Kharg Island, following earlier reports of Iran firing missiles towards the Strait of Hormuz.
How The U.S. Fell Behind China On Nuclear Power
The United States, once a leader in nuclear energy, has significantly fallen behind China in developing and deploying new nuclear power plants. China is rapidly expanding its capacity with state-backed projects and advanced reactor designs.
BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve
The Bureau of Land Management (BLM) is accelerating the approval process for oil permits within the National Petroleum Reserve in Alaska (NPR-A). This move aims to expedite oil and gas exploration and development in the vast federal reserve.
China's seven key departments, led by the Cyberspace Administration of China, have released a plan for 2026-2030 to integrate digital and green development, aiming for high-quality, low-carbon growth.
Firmus Energy is increasing gas prices for its customers in the Ten Towns area by 8.98% and for Greater Belfast by 12.5%, effective in October.
China's State Council has promulgated Decree No. 845, which revises the "Regulations on Emergency Response and Investigation and Handling of Electric Power Safety Accidents," set to take effect on January 1, 2027.
Rescuers in Nepal have pulled two workers alive from a hydropower tunnel nine days after devastating floods. Officials are hopeful more survivors may be found.
Shares in Falklands oil explorers plunged after Argentina threatened sanctions, while Volkswagen's stock surged following a major restructuring agreement. UK car sales also hit an eight-year high.
UK ministers are reportedly poised to approve the controversial Jackdaw gasfield this month, with the Rosebank oilfield likely to follow later this year. Consultations for both projects have closed, and the energy secretary is expected to recommend approval for Jackdaw soon.
ADNOC Keeps Loading LNG as Hormuz Risks Intensify
ADNOC is continuing its liquefied natural gas (LNG) loadings despite escalating geopolitical tensions and increased risks in the Strait of Hormuz, a critical global shipping chokepoint.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf issued a stark warning to US Treasury Secretary Scott Bessent, asserting that declining strategic oil reserves, rising US Treasury yields, and surging oil prices threaten the US economy.
China maintains a complex stance on Iran's regional conflicts, condemning US and Israeli actions while simultaneously urging de-escalation and the reopening of the Strait of Hormuz.
Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge
Brent crude oil prices are approaching $96 per barrel, driven by escalating conflict involving Iran, which raises significant concerns about global oil supply disruptions.
Nigeria: Police Launch Probe Into Death of 37 Suspected Oil Thieves in Rivers
Nigerian police have launched an investigation into the deaths of 37 suspected oil thieves in Okrika, Rivers State, who allegedly died after inhaling petroleum products during an illegal siphoning attempt.
Farage pledges to slash UK energy bills
Reform UK, led by Nigel Farage, pledges to reduce energy costs by removing levies and taxes from household bills, aiming to save people £250 per year.
Hess Midstream LP has raised its dividend again, now yielding nearly 8%.
Rising fossil fuel prices, exacerbated by geopolitical conflict in Iran, are driving up fertilizer costs, which in turn increases food prices globally. Microbe-based alternatives are emerging but face limitations.
Escalating conflict in West Asia has pushed Brent crude prices above $95 a barrel, raising concerns for India's economy and energy security due to its high import dependency.
Iran's Persian Gulf Strait Affairs Authority (PGSA) has updated its list of violating vessels, warning of restrictions for non-compliant ships and those cooperating with them.
Mali: Fuel and Electricity Available in Bamako, Supply Remains Erratic in the Country
Mali's capital, Bamako, has seen significant improvement in fuel and electricity supply after a year of jihadist embargoes and attacks, with military escorts securing convoys.
Qatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags On
Qatar and the UAE are resorting to unusual ship-to-ship transfers of liquefied natural gas (LNG) to bypass the Strait of Hormuz, which has become increasingly risky due to ongoing geopolitical tensions.
The EU Commission has approved Germany's plan to provide up to 35 billion euros in subsidies for the construction of new gas power plants, aiming to ensure energy supply security from 2031.
Barclays Bank is facing a formal complaint in the UK over its financial ties to the coal-fired Rampal power plant in Bangladesh, located near the Sundarbans, a Unesco world heritage site.
European natural gas prices and Brent crude oil surged to multi-year highs following renewed US strikes against Iran, intensifying fears of a broader conflict and prolonged global inflation.
Sovereign debt plummets as inflation fears push yields to multi-year peaks
Global sovereign bond markets are experiencing a relentless selloff, driving borrowing costs to multi-year and multi-decade highs across major economies, fueled by geopolitical tensions, corporate AI debt issuance, and persistent central bank hawkishness.
Ukrainian Drone Barrage Sets Key Russian Oil Port Ablaze
A Ukrainian drone attack has reportedly set a key Russian oil port ablaze, escalating tensions and raising concerns about global energy supply disruptions.
Price, Not Politics, Is Driving Most of India’s Oil Buying
India's oil purchasing decisions are primarily driven by economic factors, specifically the availability of discounted crude, rather than geopolitical considerations.
Iranian President Masoud Pezeshkian stated that Tehran would immediately reciprocate if the United States honored its commitments under an interim deal signed in June, following recent direct attacks between the two nations.
Oil prices, including Brent and WTI crude, increased significantly due to renewed fighting between the US and Iran in the Middle East, sparking fears of supply disruptions from the region.