In the News

Galicia mandates 25-year wind turbine upgrades, sparking industry backlash over legal risks, costs, and impact on renewable energy development.

The U.S. grants PG&E a $15B loan to support power grid upgrades, battery storage, and climate resilience initiatives in California.

BP and XRG launch Arcius Energy to expand Egypt’s gas operations, securing stakes in Zohr, Atoll, and key concessions amid ADNOC’s global strategy

Fossil fuel subsidies affect African markets by reducing energy costs but straining budgets. Shifting to renewables requires balancing affordability and sustainability.

Fires at Libya’s Zawiya refinery are under control after armed clashes damaged key oil reservoirs, forcing NOC to declare force majeure

Kenya and Tanzania link power grids, enabling cross-border renewable energy trade and advancing East Africa’s regional energy integration.

Russian tanker splits in storm, spilling oil into Kerch Strait as emergency crews battle rough weather to prevent further environmental damage.

Oil prices rise amid new Russia sanctions, OPEC demand cuts, and ExxonMobil’s production boost, reshaping the global market for 2024

Texas faces rising concerns over CO2 injection risks as earthquakes and blowouts prompt demands for stricter oversight and better safety measures.

Rosneft and Reliance seal a $130B, 10-year oil supply deal, reinforcing India’s status as the top importer of Russian crude