Horizontal wells in Lea and Eddy, two counties in New Mexico, have driven growth in Permian Basin oil and gas output. According to Enverus data, 29% of all crude oil from the Permian came from these two counties in the first quarter of 2023, while associated gas production averaged 3.7 Bcf/d in January 2021 and […]
To decarbonise power by 2035, Britain needs to make tangible progress over the next three years on adding 250 GW of renewable and decarbonised generation to the system – about 2.5 times of existing capacity. More than £50 billion will have to be spent on new generation and storage capacity by 2030 alone, a study […]
Egypt – together with Eni, ExxonMobil, Chevron, Shell and BP – has embarked on a $1.8 billion programme to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta. Produced gas could cover Egypt’s fuel needs for power generation and LNG exports, though the country aims for renewables to contribute 42% of power […]
Smouldering heat and more frequent drought are challenging energy systems in the Middle East and North Africa (MENA), undermining the efficiency of power generation and networks, the International Energy Agency (IEA) warns. Performance of gas-fired plants, accounting for 74% of electricity generation in the region, can be negatively affected by warmer air mass flow entering […]
Tokyo Gas will bring green hydrogen or e-methane technology to the Philippines, according to its local partner First Gen. The Japanese utility plans to build an e-methane supply chain and First Gen CEO Federico Lopez said he expects they will bring that technology to the Philippines as well, where it could be used to revamp […]
Sweltering heat in south-central U.S. and Mexico is forecast to push Henry Hub cash prices to $2.55/MMBtu on average in July, as gas-burn for power generation soars due to rising demand for cooling and exports to Mexico stay high. Industrial gas demand, notably for refining and chemicals production, is at elevated levels as the American […]
High commodity prices drove up the value of energy trade between Mexico and the United States last year to $81.9 billion, an all-time high. More crude oil was imported from Mexico at a greater expense, while exports of U.S. pipeline gas eased by 4% year-on-year to 5.7 Bcf/d on average, though trade value fell only […]
AboitizPower is fast-tracking a feasibility study on co-firing ammonia with Japan’s largest utility JERA with test runs in the Philippines scheduled before 2030, assuming the price of the fuel will fall substantially by then. JERA is preparing to start a 20% ammonia generation test in Japan already this year, aiming for 50% co-firing by 2028.
Over $1,760 million needs to be allocated by the government of Bangladesh to import up to 2,650 MW of electricity from India in the fiscal year 2023/24, Bangladesh Power Development Board (BPDB) calculated. The state-owned utility wants to source these proceeds through public and private funding to keep the lights on and repay part of […]
Though energy start-ups still get plentiful funding for early-stage research, growth-stage funding which requires more capital to fund less risky innovation could fall by nearly 60% in 2023, the International Energy Agency (IEA) warns. With banks restraining their lending and venture capital firms reducing their risk exposure, investment is unlikely to bounce back quickly.
Oct 2 – PacificLight Power has broken ground on a S$1.2 billion hydrogen-ready power plant on Jurong Island, Singapore, a hybrid project integrated with a dedicated battery energy storage system (BEES). With an installed capacity of 670 MW, the combined-cycle gas turbine (CCGT) plant will be Singapore’s largest and most efficient single generating unit when it starts up in 2029.
Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 Singapore cents (S¢) per kWh in the period between October and December 2026. Electricity prices will be at 28.59 S¢ per kWh for the fourth quarter, down from 31.91 S¢ per kWh in from July to September.
Sept 30 – Singapore households will have to pay less for gas and electricity in the fourth quarter of 2026. SP Group, Singapore’s grid operator, confirmed the household electricity tariff will fall 10.4%, or 3.32 S$cents per kWh in the period between October and December 2026. Electricity prices will be at 28.59 cents per kWh for the fourth quarter, down from 31.91 S$cents per kWh in from July to September.
Sept 28 – European gas prices at the Dutch TTF rose nearly 2.5% on Monday after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, raising fears that disruptions to Middle East LNG shipments could persist into the winter. The bullishness at Europe’s benchmark gas trading hub is exacerbated by fear of gas shortages, given that gas storages are just under 70% full in key gas consuming markets such as Germany. The Dutch TTF front-month Oct26 contract was last seen trading at €74.05 per Megawatt-hour, while the Brent contract for November delivery was last seen changing hands at $108.08 per barrel.
Sept 25 – ProPetro Holding, has committed to supply 230 MW of behind-the-meter power to support Targa’s natural gas processing infrastructure in the Permian Basin. The new units bring the total contracted capacity to 510 MW, with full deployment expected in early 2028.
Sept 24 – Fitch Ratings has upgraded the credit rating of INNIO to BB from B+, with a stable outlook, following a recent upgrade by Moody’s. Analyst said these upgrades reflect INNIO’s strong operating performance and cash flow generation, supported by a growing installed base for power gen assets that helps underpin service revenues.
Sept 23 – Emerson today announced plans to build its first certified flow calibration lab and an associated automation solution service center in Qatar’s Umm Alhoul Free Zone. The new 3,500-square-metre facility will expand Emerson’s local capabilities for customers across the Middle East and Africa.
Sept 21 – MOL Group has inaugurated a new 37.4 MWp solar park and an associated electricity storage system with 20 MW of nominal power and 40 MWh of storage capacity at its Algyő site in Hungary. The hybrid power unit will strengthens the energy independence of MOL’s own operations at Algyő and reduce operating costs by replacing electricity purchased from the grid.
Sept 16 – GE Vernova is fast-tracking delivery of new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, UK. The new substation is part of National Grid’s Brinsworth-to-Chesterfield and Chesterfield-to-High Marnham project, with the upgrade using SF₆-free technology to strengthen grid resilience across England and Wales in generations.
Sept 14 – Singapore’s experience in the Middle East crisis highlights the country’s exposure to external energy supply shocks. Over 95% of Singapore’s electricity generation is fuelled by imported LNG, hence diversification is paramount for supply security, said Gan Siow Huang, Singapore’s minister of trade and industry. Singapore is hence developing a second LNG terminal with a view to increasing import capacity to 15 mtpa by 2030.
Aug 31 – The number of gas-fired power plant projects, linked to US data centres, has nearly doubled in the first half of 2026. According to Global Energy Monitor, 378 MW of gas capacity is currently under development in the US, one-third of total projected capacity worldwide, led by Texas with 122 MW.
Aug 27 – GE Vernova has been chosen by Laing O’Rourke to deliver a new 400 kV Gas-Insulated Switchgear (GIS) substation at Chesterfield, UK. The new substation is part of National Grid’s Brinsworth-to-Chesterfield and Chesterfield-to-High Marnham project, with the upgrade using SF₆-free technology to strengthen grid resilience in a sustainable manner. The projects form part of The Great Grid Upgrade, the largest overhaul of the electricity grid across England and Wales in generations.
Aug 26 – Net Power has agreed to purchase 123 MW of new power generation equipment to increase the installed capacity of its Project Permian to nearly 200 MW. The gas-fired power project in West Texas is being gradually scaled up to 1 GW.
Aug 24 – Singapore’s Economic Development Board (EDB) has provisionally allocated 200 MW of new data centre capacity to Digital Realty, Equinix, Keppel Data Centres and ST Telemedia Global Data Centres, with each receiving 50 MW for facilities on Jurong Island. All sites will be developed within JTC’s planned low‑carbon data centre park on Jurong Island, and operators must source more than 50% of their capacity from green or low‑carbon energy such as biomethane, low‑carbon ammonia or hydrogen.
Aug 21 – Germany’s underground gas storage facilities are only about 50% full as of mid-August, well below last year’s roughly 67%. To achieve the targeted 70% filling levels by November, the government is preparing additional intervention options although traders remain cautious amid elevated prices and geopolitical uncertainty.
Aug 19 – A Russian air strike has damaged one of DTEK’s thermal power plant, forcing the Ukrainian operator to shut down one unit. DTEK’s thermal power fleet had an installed capacity of about 13.3 GW as of early 2022, spread across eight plants, though repeated attacks since then have destroyed much of that installed capacity, jeopardising regional electricity supply security.
Aug 17 – Wärtsilä is preparing to deliver an off-grid power solution for a new data center, under construction in Texas. The 790 MW power plant will operate with 42 Wärtsilä 50SG engines running on natural gas.
July 29 – Electricity demand in India is on course to rise 4-5% year-on-year in 2027, Fitch Rating reckons, referring to the country’s higher cooling needs and economic growth. Coal remains king in the Indian energy mix, fuelling more than 70% of power stations, while gas-burn fell to 15% in June 2026, down from 22% a year earlier amid supply constraints and higher LNG prices.
July 27 – The Japanese government is considering foreign debt finance for gas-fired power projects in the United States that form part of its $550 billion U.S. investment pledge. “If financing from foreign banks materialises, it should further facilitate the procurement of foreign-currency funding needed to implement the investment initiative,” the finance ministry said on the platform X late on Sunday.
July 24 – EU Carbon Emission Allowances are expected to continue their mean-reversion trading around €80/t for the rest of this month, as the Commissions adjustments leave supply-demand balances for carbon credits tight through 2035. Further out, Energy Aspects reckons there may be 250 Mt more allowances in the market through 2040 as the pace of how fast the ETS cap falls has been slowed down for 2036 onwards.
