Lower Oil Prices Drag China’s CNOOC Profit Down Despite Higher Output

Chinese state-held oil and gas giant CNOOC booked lower net profit for the first quarter of 2025 as lower oil prices more than offset increased production. CNOOC, which specializes in…

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…

  • Gas
  • April 29, 2025
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).…

Oil Falls as Trade War Concerns Dampen Demand Outlook

(Reuters) – Oil fell on Tuesday to near a two-week low as investors lowered their demand growth expectations due to the trade war between the United States and China, the…

Woodside Approves Louisiana LNG Development

HOUSTON– (BUSINESS WIRE) –Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029.…

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…

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…

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…

  • Gas
  • April 29, 2025
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…

SolarPower Europe’s Report: Solar Sector Presents Solutions to Address Critical Cybersecurity Risks

As energy infrastructure attacks increase in Europe, energy security is becoming a critical focus for the modern EU energy system. However, current efforts primarily target traditional, centralized power plants. To…