Energy giant ScottishPower has been granted an appeal to allow it to deduct £28m in fines by Ofgem for corporation tax purposes. Investigations by regulator Ofgem found companies within the Scottish Power group had breached regulations between 2013 and 2016, in relation to mis-selling, cost-reflectivity, energy saving and complaints handling. Scottish Power entered into a...Continue Reading

With the inauguration of U.S. President Donald Trump on January 20, the future of American involvement in Africa’s energy sector is set for a significant shift. President Trump’s approach to energy has consistently focused on strengthening American interests, particularly by prioritizing domestic energy production. SourceContinue Reading

Chinese Refiners Scramble for Oil as Russian Sanctions Bite | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 21, 2025, 12:00 PM CST President Trump plans to refill the US Strategic Petroleum Reserve, which was significantly drained under the Biden administration. Sanctions...Continue Reading

Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector. SourceContinue Reading

MAGA Republican leaders, the so-called ‘climate deniers’—and its leader (Trump) label climate change a “hoax.” What does this mean for climate policy and the energy transition in the U.S.? And will the change in U.S. policy affect European policy as well? SourceContinue Reading

European and African Countries Back Green Hydrogen Pipeline Project | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 21, 2025, 11:30 AM CST Italy, Austria, Germany, Algeria, and Tunisia reiterated on Tuesday their intention to develop a pipeline that would carry renewable hydrogen from North...Continue Reading

Mergers in the U.S. upstream sector are set to decline in the current year,  Enverus has predicted. Deal-making in the U.S. shale patch hit high gear with the U.S. energy sector leveraging high oil and stock prices to go on a $250 billion buying spree in 2023; however, the wave of consolidations has emptied pocketbooks...Continue Reading

UK Electricity Prices Jump to Two-Year High as Wind Power Plunges | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 21, 2025, 10:30 AM CST Low wind speeds have pushed the UK’s power prices to their highest level in two years on Tuesday, with wind...Continue Reading

Permian Basin Oil and Gas Output Faces Disruption Due to Freezing Temperatures | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 21, 2025, 10:00 AM CST Texas is facing a major winter storm with extreme cold and snow, which could lead to...Continue Reading

Saudi Aramco Sees Oil Demand Growth at 1.3 Million Bpd in 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 21, 2025, 9:30 AM CST Saudi Aramco, the world’s largest oil exporter, expects global oil demand to grow by a steady 1.3 million barrels...Continue Reading