Topic
energy sector
Commodities Philippine Department of Energy Suspends 3.3GW Offshore Wind Auction for Recalibration
The Philippine Department of Energy has suspended all activities under the fifth Green Energy Auction round, which was to award incentives for up to 3.3GW of fixed-bottom offshore wind capacity. The suspension allows for recalibration amid port readiness, permitting, environmental costs, and potential supply chain disruptions from the Middle East conflict. Nine companies had passed the initial qualification review out of over 20 bidders.
Commodities Ethanol Prices and Flex Fuel Vehicles: A Market Shift
Ethanol demand is poised to rise as India reduces the cost of high-ethanol blended fuels and flex fuel vehicles. The government's efforts to cut GST rates and promote FFVs aim to decrease crude oil imports.
Commodities Crude Oil Prices Surge Amid West Asia Tensions
Crude oil prices have surged over 2% due to escalating tensions in West Asia and stalled negotiations between the US and Iran. Brent crude is trading at $98.02 per barrel, while WTI is at $95.78 per barrel.
Commodities India's Clean Energy Ambitions to Boost Job Market
India's ambitious target of 500 GW non-fossil fuel capacity by 2030 is set to generate over 44 lakh jobs, with rooftop solar being the largest contributor. The study by CEEW and NRDC India highlights the employment potential and gender imbalance in the sector.
Commodities North Sea Oil Strike Threatens Ithaca Energy Operations
Workers on Ithaca Energy's North Sea assets are set to strike over pay disputes, potentially disrupting oil production. The industrial action involves Bilfinger employees on the Alba FSU and FPF1 facilities.
Business Eldorado Drilling Acquires Vantage Drilling for $257 Million
Eldorado Drilling is set to acquire Vantage Drilling for $257 million, marking a strategic expansion in the offshore drilling sector. The merger, funded by Eldorado's principal shareholder, aims to enhance operational capabilities and customer solutions.
Commodities Brent Oil Sees Largest Monthly Loss in Six Years
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