IRAN’S “CROWN JEWEL” – US Attacks Iran’s Key Export Hub, Kharg Island, Trump Says
Sabah Unveils New Renewable Energy Framework To Boost Clean Power Investment In Malaysia
Actis Sells Peru Power Generation Platform Orygen to Grupo Romero
GE Vernova And Hitachi Explore Small Modular Reactor Deployment Across Southeast Asia
South Africa Marks 300 Days Without Loadshedding As Eskom Stabilizes Power Supply
Eskom And City Of Ekurhuleni Reach R3.4 Billion Debt Settlement To Secure Power Supply
Crude Futures Turn Positive on Continued Hormuz Closure
Hormuz Crisis Forces Massive Saudi Oil Shut-In
U.S. strike near Iran’s Kharg Island heightens risk of oil supply disruption
California Hit By Much Higher Oil Prices as Iran War Stresses Refiners
Suncor Energy Targets Major Production Boost in 2026
Canada’s oil producer Suncor Energy expects to grow its upstream production next year as it continues to invest in in-situ projects in the oil sands patch. Suncor Energy expects annual…
Canada’s Cenovus Energy To Boost 2026 Oil Production
Cenovus Energy expects its upstream production to rise by about 4% in 2026 compared to this year as it is completing new projects and adding assets of MEG Energy, which…
Last Coal-Fired Plant in Washington State Converting to Natural Gas
The lone remaining coal-fired power plant in the state of Washington will shut down at the end of December, and will be converted to burn natural gas. Operator TransAlta Corp.…
China to Launch First Small Modular Reactor in 2026
China plans to launch commercial operations at the world’s first small modular reactor (SMR) to generate nuclear energy as early as in the first half of 2026, according to the…
IEA Trims Oil Glut Forecast as Supply Surge Halts
The oil market still faces record oversupply next year, according to the monthly report by the International Energy Agency (IEA), but the glut estimate is now trimmed by about 230,000…
Equinor Invests $400 Million to Boost Output at Newest Arctic Oilfield
Equinor and its partners in the huge new Arctic oilfield Johan Castberg will invest $396 million (4 billion Norwegian crowns) to construct the first tie-back of another discovery to the…
OPEC Holds Firm on Bullish Oil Demand Outlook for 2026
Global oil demand will rise by about 1.4 million barrels per day (bpd) next year, supported by solid economic growth, OPEC said in its monthly report ton Thursday, keeping its…
BP, Chevron Top US Gulf Lease Sale
Britain’s BP PLC and the United States’ Chevron Corp and Murphy Oil Corp led the first oil and gas area auction under the Trump administration’s One Big Beautiful Act, winning…
Northern Lights issues first certificates confirming offshore CO2 storage
Norway’s Northern Lights carbon storage project has issued its first certificates confirming the permanent offshore storage of CO2. The certificates verify that CO2 captured at Heidelberg Materials’ Brevik cement plant…
Trump Plans Envision Major U.S. Investment in Russia, Restoring Oil Flows to Europe, WSJ Says
The newspaper said the plans were detailed in appendices to peace proposals handed to European counterparts over recent weeks. They include a plan for U.S. financial firms and other businesses…
