Energy
India’s ReNew Energy offered to be taken private in $2.82 billion deal
Sumant Sinha, chief executive officer of Renew Energy Global Plc, during a Bloomberg Television interview in London, UK, on June 7, 2023. Bloomberg | Bloomberg | Getty Images Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a […]
Read More
Qatar energy minister: I don’t ‘worry much’ about Trump’s vow to lift LNG exports cap
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar’s energy minister said he isn’t too concerned about U.S. President-elect Donald Trump’s pledge to lift the cap on liquefied natural gas exports. “Additional gas is […]
Read More
President-elect Trump says Ukraine to ‘possibly’ receive less military aid
U.S. President-elect Donald Trump attends a meeting with Britain’s Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris, France, December 7, 2024. Aaron Chown | Via Reuters In an exclusive interview with […]
Read More
Best utilities to own in 2025 after breakout year for sector, according to KeyBanc
Investors should take a selective approach toward utility stocks in 2025 as the incoming Trump administration could create a more challenging environment for the sector, according to KeyBanc. The utility sector has rallied nearly 25% this year as investors realized increased electricity demand from artificial intelligence is not a passing fad, analyst Sophie Karp told […]
Read More
OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says
The OPEC+ “precautionary” decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition’s chair, Saudi Energy Minister Abdulaziz bin Salman. On Thursday, the oil producers’ alliance agreed to extend several output cuts, with the […]
Read More
Why thermal batteries could replace lithium-ion batteries for energy storage
Thermal batteries could transform renewable energy storage and provide a cheaper and scalable alternative to lithium-ion technology. “Intermittent wind and solar power are becoming the cheapest forms of energy that humans have ever known, and all kinds of energy storage is now being used to harness that, to drive transportation, to drive the electricity grid,” […]
Read More
BP seeks buyers for U.S. natural gas pipeline system stake, Reuters reports
Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.S Luke Sharrett | Bloomberg | Getty Images BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 […]
Read More
OPEC+ members to delay oil production increases
A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | Reuters The OPEC+ oil producers’ alliance has postponed plans to unwind several formal and voluntary crude production cuts into 2026 amid a lukewarm outlook for […]
Read More
Shell and Equinor to create Britain’s largest independent oil and gas company in joint venture
The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Images Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly […]
Read More
Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
The battery of an electric car is recharged at a roadside charging station on January 09, 2024 in London, England. Leon Neal | Getty Images News | Getty Images Britain is forecast to hit “peak petrol” in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share […]
Read More