Algeria aims to increase gas exports to Europe Algeria is preparing for its 2026 hydrocarbon bidding round, seeking to capitalize on high oil and gas prices. The country is trying to cement its position as Europe's second-largest natural gas supplier. Europe is l
Trafigura has entered into a $350m (S$450.64m) loan facility agreement to support Develop Global’s two new mining projects in Western Australia (WA). The loan will fund the development of the Sulphur Springs copper-silver-zinc project and the Pioneer Dome Lithium Project</
A consortium led by private equity firms KKR and Energy Capital Partners is in advanced discussions to acquire Irish energy distributor DCC in a deal that could value the company at more than £5 billion ($6.7 billion), according to a Reuters report citing Sky News. The lat
Solar power held a record-high 12.8% share of U.S. electricity supply in May, overtaking coal-generated power for the first full month on record, energy think tank Ember said in a report on Wednesday. While the share of solar-generated power jumped to a record high for a f
The fintech firm's global arm aims to secure fresh capital to fuel expansion amid investor interest from existing backers. Ant International, the overseas unit of Ant Group, is in talks to raise approximately $1 billion in new funding. The capital raise targets existing in
China’s CATL projects energy storage systems will comprise 50% of sales as demand surges for renewable grid reliability. Contemporary Amperex Technology Co. (CATL) expects battery storage systems to account for half of its total sales in the coming years, reflecting rising
The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies amid climate policy rollbacks, especially at U.S. and Japanese banks. Since the Paris Agreement of 2015, the w
Alberta aims to attract tech firms with low-cost natural gas for data centers, conflicting with Canada’s clean energy expansion plans. Alberta is marketing its cheap natural gas and cooler climate to lure tech companies building AI data centers, positioning itself as a cos
XAG/USD falls nearly 8% this week, nearing its 200-day SMA after stronger-than-expected US payrolls data. Silver prices plunged to a nine-week low of $68.03, extending weekly losses to nearly 10% as robust US Nonfarm Payrolls data strengthened the USD. The metal now tests
The agreement averts a potential disruption to Norway’s oil and gas output amid heightened global energy supply concerns. Norway’s offshore oil and gas workers reached a wage agreement with industry, preventing a strike that could have halted production. The deal was final
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