Adnoc withdraws $18.7bn offer for Santos
An Adnoc-led consortium has withdrawn its $18.7bn offer for Australian gas company Santos – surprising markets following a lengthy due diligence process. The bid, unveiled in March and formally proposed…
Japan shipping firm buys carbon removal credits to offset emissions
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal (CDR) credits from carbon capture, utilisation, and sequestration (CCUS) company 1PointFive. The CDR credits will be produced…
Japan shipping firm buys carbon removal credits to offset emissions
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has purchased carbon dioxide removal (CDR) credits from carbon capture, utilisation, and sequestration (CCUS) company 1PointFive. The CDR credits will be produced…
IEA Projects 50% Surge in MENA Electricity Demand by 2035, Driving Major Power Mix Shift
Representational image. Credit: Canva The Middle East and North Africa (MENA) region stands at a decisive point in shaping its electricity future, according to the International Energy Agency’s (IEA) Future…
US Utilities Commit to 116 GW Of Large-Load Capacity Growth, Equal To 15.5% of Current National Peak Demand
Representational image. Credit: Canva A new Wood Mackenzie study reveals that U.S. utilities are preparing for substantial growth in large load capacity, with 116 gigawatts (GW) already committed or under…
EU To Include Solar Products In Carbon Border Adjustment Mechanism To Strengthen Climate Policy And Level Global Competition
Representational image. Credit: Canva The European Solar Manufacturing Council (ESMC) has called on the European Commission to expand the scope of the Carbon Border Adjustment Mechanism (CBAM) to include key…
Strengthening Grid Oversight, Reforming Utility Duties, And Involving Communities Highlighted As Crucial To Reignite Japan’s Green Energy Growth
Japan has the potential to meet its commitment to triple renewable power capacity by 2030 if it addresses structural and institutional barriers, according to a new report from the Institute…
Electricity Demand Soars Across Middle East and North Africa As Cooling And Desalination Drive Energy Use
Representational image. Credit: Canva Electricity consumption across the Middle East and North Africa (MENA) has grown rapidly over the past few decades and is expected to continue rising significantly, according…
Morgan Stanley Reshapes Energy Investment Banking
Morgan Stanley is merging its Global Energy and Global Power & Utilities investment banking teams into a single worldwide unit, a move aimed at sharpening its coverage of clients across…
Kazakhstan Resumes Oil Exports via Baku–Tbilisi–Ceyhan After Suspension
Kazakhstan has restarted oil shipments through the Baku-Tbilisi-Ceyhan (BTC) pipeline after a one-month suspension, restoring a key westward export route that bypasses Russia. State company KazMunayGas confirmed that 8,800 tonnes…


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