Energy Industry News & Market Updates

Some of Europe's leading offshore wind auctions in the U.K., Germany and the Netherlands are being called into question after some failed to attract any bids in their latest rounds.

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The United Nations' annual climate summit was not able to add details to the high-level goals of the 2023 climate summit

Belarus has decided to build a third unit at its Ostovets nuclear power plant in the northwest of the country.

The U.K. government has picked Wylfa in Wales for the country's first small nuclear reactor (SMR) plant.

Seasonal factors in the northern shale state likely curbed crude oil production this year. By next year, crude oil prices could be well below budgeted levels.

Gunvor withdrew its offer to purchase the international assets of Russia's Lukoil

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Canada's natural resources minister was showcasing the nation's CCS potential for delegates of the G7.

Phillips 66 reported its refining business took a third-quarter loss

Ecopetrol continúa avanzando con el ambicioso Proyecto LBCC (Línea Base de Calidad de Combustibles), una iniciativa clave destinada a modernizar la Refinería de Barrancabermeja con el objetivo de producir combustibles más limpios y de mayor calidad, alineados con normativas ambientales nacionales e internacionales

Columbia's Ecopetrol (Bogota) is moving forward with its ambitious LBCC Project (Baseline Fuel Quality Project), a strategic initiative aimed at modernizing the Barrancabermeja Refinery to produce cleaner and higher-quality fuels that comply with both national environmental regulations and international standards.

Countering a previous 2020 decision, the New York Department of Environmental Conservation has issued a key water permit for a controversial natural gas pipeline, bringing construction of Williams Companies' Northeast Supply Enhancement project closer to reality.

Enbridge continues to invest in its diverse North American asset portfolio, which includes the delivery of oil and gas and renewable power generation

Alberta's leaders worked the sidelines of the ADIPEC energy conference in Abu Dhabi last week as Canada courts non-U.S. trading partners

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Industrial Info is tracking more than US$2.8 billion worth of active and proposed projects from Strathcona, more than 60% of which is attributed to investments in Canada's oil sands

Industrial Info is tracking more than $5.8 billion worth of active and proposed projects from Marathon, more than half of which is attributed to crude oil-refining projects

Australia's government has officially launched a scheme to guarantee the source of renewable electricity used by companies and in the creation of key domestic and export products like green hydrogen.

Germany has announced 6 billion euro (US$7 billion) of funding in 2026 for hydrogen projects while the government has adopted the Hydrogen Acceleration Act to speed up the rollout of projects and infrastructure.

Industrial Info is tracking more than $1.8 billion worth of active and proposed projects across the U.S. and Canada from P&G, more than one-third of which is attributed to projects under construction

Industrial Info is tracking nearly $10 billion worth of active and proposed projects from Dow across the U.S. and Canada, about two-thirds of which is attributed to projects under construction

The world's leading green steel project in Boden, Sweden, needs another 975 million (US$1.1 billion) to get the project over the line due to rising costs.

U.K. petrochemical major INEOS Group (London) has warned that Europe is committing "industrial suicide" as it announced the closure of more production plants in the Germany and the U.K.

Major automakers, including Toyota, Stellantis and GM, continue to pledge investment in the U.S.

Google Incorporated this week made two significant power purchase agreements from solar projects in Ohio and Arkansas.

After a banner year in solar power additions, the U.S. Department of Energy said it's expecting even greater expansion with fewer project delays over the next 12 months.

PPL Corporationis witnessing a surge in data center development within its coverage area and is making moves to build natural gas-fired power plants in both Kentucky and Pennsylvania, where data center construction is escalating.

The U.S. Supreme Court heard oral arguments in a momentous case of whether the president can use a law as the legal basis for imposing tariffs on imported goods

The Institute for Supply Management's (ISM) latest Purchasing Manager's Index (PMI) survey indicates U.S. manufacturing activity contracted for the eighth straight month as tariffs and related uncertainty continue to have an impact

With its roadmap toward Net Zero by 2050, Vietnam is developing its Alternative Fuels Industry

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The provincial government of Alberta is carrying a message of energy security to the U.S. capital, just as the Canadian government debates a proposal for a new crude oil export pipeline

Commercial builder Webcor hopes to gain increased access to some of the most rapidly developing technological sectors in the U.S. with the announcement of its planned purchase of GCON.

Among the stated goals of the Trump administration's unleashing of tariffs, eliminating the trade deficit and reshoring jobs back to the U.S. were at the top. Neither is likely, or even possible, says one economist

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Canadian Prime Minister Mark Carney hits the road next week for bilateral meetings in the UAE and the summit of the G20.

Industrial Info is tracking more than US$2.5 billion worth of active and proposed projects from Baytex, comprising six drilling developments with programs set to kick off next year

A deferred tax payment set YPF to a net loss in the third quarter. The company's conventional hydrocarbons production continues to decline, while it focuses on boosting shale output, with 70% of investments destined for Vaca Muerta

Higher realized prices for natural gas, aided by gains on derivatives, coupled with stronger demand and aggressive cost containment were the keys to improved third-quarter earnings reports from four large, independent, gas-oriented producers

The U.S. federal government announced it was readying for offshore lease sales in the Gulf of Mexico and in the Cook Inlet off Alaska, the first such offerings from President Donald Trump's signature spending bill

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