Despite last year seeing a record 73GW of renewable energy utility-scale tenders, it has also witnessed a rise in undersubscribed tenders. Nearly 8.5GW of capacity was undersubscribed in 2024, a fivefold increase […]
PI News Feed
U.S. butane exports reached a new record in 2024
The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges. U.S. normal butane exports averaged nearly 500,000 barrels per day (b/d) in 2024, […]
Gas Prices Heat Up as Europe Rushes to Refill Storage
As the first proper winter in Europe in three years is drawing to an end, the continent faces a race against time – and prices – to restock with natural gas for […]
Indonesia’s Gas Demand Rising as LNG Starts to Replace Diesel for Power
Indonesia has started replacing diesel as a fuel in dozens of power plants with LNG, which is set to boost demand for natural gas in one of the world’s top LNG exporters. […]
How much longer will the good times roll for fossil fuel companies?
New study claims that asset writedowns could reach $2.3tn via Financial Times – Energy https://ift.tt/MRxqsQK
Norway Raises Estimates for Oil and Gas Resources
Estimated resource volumes on the Norwegian continental shelf rose 36 million standard cubic meters of oil equivalent (scmoe) to 15.61 billion scmoe – before accounting for production – as of year-end 2024, Norway’s upstream […]
EIA Expects USA NatGas, Petroleum, Renewables Demand to Rise in 2025
The U.S. Energy Information Administration (EIA) expects U.S. natural gas, petroleum, and renewables consumption to rise in 2025, according to figures sent to Rigzone by the EIA this week. The figures forecast […]
98.7 Percent Of Deere Shareholders Reject Anti-DEI Resolution
Shareholders of Deere & Co. voted overwhelmingly today to reject a proposal seeking to curb the company’s diversity, equity, and inclusion (DEI) plans. According to MarketWatch, this is the latest sign of […]
First Solar ships 14.1 GW of thin-film solar modules in 2024
First Solar delivered 14.1 GW of thin-film solar modules in 2024, driving $4.2 billion in revenue. The US cadmium telluride panel maker now faces global policy uncertainty. From pv magazine USA First […]
BP goes back to petroleum
If its shift to renewables was premature, its return to oil may also prove ill-timed via Financial Times – Energy https://ift.tt/4ZRvwVG