Vattenfall: Tariffs Could Dampen Europe’s Power Demand
The tariff threats could reduce electricity demand in Europe as investors could be more hesitant to invest in new factory capacity amid the ongoing trade wars, the top executive of…
PetroChina Q1 Profit Rises, Bucking the Trend of Chinese Oil Majors
PetroChina, the largest oil and gas producer in China, reported on Tuesday a net profit for the first quarter up by 2.3%, becoming the only state oil giant to book…
June Natural Gas Contract ‘Jumps Into Front Month Role’
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, highlighted that the June natural gas contract “jump[ed]… into…
Canada BECCS project edges forward with digital monitoring pick
Canadian carbon removal specialist Carbon Alpha has advanced its North Star biogenic carbon removal project by selecting Canada-based Mangrove Systems as its provider for digital monitoring, reporting, and verification (MRV).…
BP Slashes Buybacks as Cash Flow Tumbles
BP (NYSE: BP) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. The…
Power Returns After Massive Blackout in Spain and Portugal
Electricity is being restored across Spain and Portugal after a massive outage left the two countries in chaos for most of Monday, grounding flights, forcing evacuations from metro stations, and…
China Continues to Build Coal Power Plants Abroad Despite Vow to Quit
China is still building new coal-powered generation capacity abroad despite a pledge made in 2021 to stop it and focus on transition technology. According to a new report by climate…
Spain rules out cyber-attack for grid failure but questions remain
Spanish utility Red Eléctrica has ruled out a cyber-attack as the cause for the extensive collapse of its grid yesterday as attention turns to a potential solar plants shutdown. Eduardo…
Linde to build new ASU for giant Samsung chips complex
Industrial gas major Linde will build a new air separation unit to expand gas supply to Samsung’s sprawling chip complex in Pyeongtaek, South Korea. The ASU will be the eighth…
Energy industry must adopt standardisation, argues DNV
The oil and gas industry has been inefficient in delivering projects because many companies customise their requirements, down to the simplest valve, according to a new report from classification organisation…
