Sabah Unveils New Renewable Energy Framework To Boost Clean Power Investment In Malaysia

Representational image. Credit: Canva The government of Sabah has introduced a new policy framework and updated guidelines to accelerate the adoption of renewable energy across the state. The initiative reflects…

Actis Sells Peru Power Generation Platform Orygen to Grupo Romero

Representational image. Credit: Canva Actis, a global investor focused on sustainable infrastructure in growth markets, has completed the sale of Orygen, a major power generation platform in Peru, to Grupo…

GE Vernova And Hitachi Explore Small Modular Reactor Deployment Across Southeast Asia

GE Vernova and Hitachi have announced a strategic partnership to explore the deployment of small modular reactors (SMRs) across Southeast Asia. The agreement was finalized during the Indo-Pacific Energy Security…

South Africa Marks 300 Days Without Loadshedding As Eskom Stabilizes Power Supply

South Africa has achieved an important milestone in its energy sector by completing 300 consecutive days without loadshedding. This marks a major shift for the country, which has faced persistent…

Eskom And City Of Ekurhuleni Reach R3.4 Billion Debt Settlement To Secure Power Supply

The power utility Eskom and the City of Ekurhuleni have reached a court-enforced settlement over an outstanding electricity debt of R3.4 billion. The agreement comes after a period of rising…

Crude Futures Turn Positive on Continued Hormuz Closure

Summary Reports of resolution, continued fighting move prices US measures aimed at easing supply tightness Disruption of trade through the strait continues (Reuters) – Crude futures climbed higher on Friday…

Hormuz Crisis Forces Massive Saudi Oil Shut-In

Saudi Arabia has slashed oil output by roughly 20% as the war with Iran continues to choke off exports from the Persian Gulf, in what could become one of the…

U.S. clarifies 172 MMbbl SPR release will be oil exchange

(Bloomberg) – The U.S. Energy Department reiterated Sunday that a planned 172-million-barrel release of oil from the country’s Strategic Petroleum Reserve would be structured as an exchange.  The agency…

Trump orders restart of California’s Santa Ynez offshore oil unit

(WO) – The Trump administration has ordered the restart of offshore oil production at California’s Santa Ynez Unit and the associated Santa Ynez Pipeline System, directing operator Sable Offshore Corp.…

U.S. strike near Iran’s Kharg Island heightens risk of oil supply disruption

(Bloomberg) – A U.S. strike near Iran’s Kharg Island, the country’s main crude export hub, has heightened concerns about potential disruptions to global oil supply as conflict in the Middle…