Israel-Egypt Nat Gas Deal ‘Purely Commercial,’ Says Cairo

Israel’s agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal…

UK Sanctions Smaller Russian Oil Producers

The UK government imposed sanctions on three smaller Russian oil producers, as a US-brokered peace deal between Moscow and Kyiv remains elusive.  Tatneft PJSC, Russneft PJSC and NNK PJSC were…

How BP’s New Boss Became the Most Powerful Woman in Fossil Fuels

By and Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still…

Can Trump Succeed in Foiling the US Wind Industry He Loathes?

By and US President Donald Trump hates wind power. His administration has made a concerted effort to thwart the industry. Trump issued a directive within hours of his return to…

Prices in Biggest US Power Grid Auction Hit New Record, Signaling Higher Utility Bills Ahead

By Capacity prices in PJM hit fresh record high PJM’s supply shortfall affects 13-state region, raising power bills Governors push for extended price limits Dec 17 (Reuters) – Power bills…

Energy Transfer Announces Suspension of Development of Lake Charles LNG

DALLAS–(BUSINESS WIRE)–Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural…

West Africa Oil Faces Crisis as Global Surplus Builds

Millions of barrels of Nigerian and Angolan crude remain unsold in the December and January loading programs, as they struggle to compete with ample supply and cheaper cargoes, traders and…

Trump Media announces merger with fusion firm TAE Technologies

Under the terms of the merger agreement, TAE and Trump Media & Technology Group (TMTG) shareholders will each own about 50% of the combined company – which will be one…

Ethiopia and Russia hold talks over potential nuclear power project

According to Russia’s state nuclear corporation Rosatom, “the parties discussed a comprehensive range of issues related to the construction of a large-scale nuclear power plant in Ethiopia featuring Russian design”.…

Pre-feasibility study launched for Estonian SMR plant

The study will analyse the technical, financial, legal, and market aspects of deploying advanced small modular reactor (SMR) technology in Estonia, supporting Fermi Energia’s ongoing national designated spatial planning process.…