New York State on Friday stalled three major offshore wind energy projects after General Electric Vernova GE.N changed the turbine design, which the state said materially altered the plans.New York provisionally approved the projects in October . They are Attentive Energy One being...

   An investment fund led by Brazilian tycoon Nelson Tanure won the privatization auction for Brazilian power generator EMAE EMAE .SA on Friday, outbidding French energy giant EDF to scoop up a controlling stake currently held by the state of Sao Paulo.Investment fund Phoenix will pay about . ...

   Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.Brent futures settled up cents, or . , at . a barrel.The front month U.S. West...

   The Biden administration took steps on Friday to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources, but pleasing environmentalists.The measures are aligned with President Joe Biden’s...

   Albemarle ALB.N , Cummins CMI.N and Siemens Energy ENR n.DE are some companies that received tax credit under a section of the Inflation Reduction Act IRA , according to details released on Friday by the U.S. Department of Energy DOE .Thirty five projects, focused on electrical grid...

   Mexican opposition presidential candidate Xochitl Galvez on Friday said state oil firm Pemex should focus on its exploration arm and could look at new business opportunities, such as geothermal energy. Pemex should start entering into the broader energy sector, Galvez said, speaking at a banking...

   Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders.Brent crude futures briefly topped a barrel last week, the highest since October. While that’s bad news for...

   The U.S. Environmental Protection Agency will temporarily expand sales of higher ethanol blends of gasoline this summer in an effort to reduce potential supply disruptions amid ongoing conflicts in Ukraine and the Middle East, it said in a letter dated Friday.Reuters exclusively reported the...

   Global flight activity passed pre pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers.Aviation fuel, a product refined from crude oil, has been the single biggest...

   U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo Pacific after Tehran’s missile and drone strike on Israel last weekend.If passed through both the House and Senate and signed by President Joe Biden and then...

   The U.S. Federal Energy Regulatory Commission FERC will announce on May its plan to speed up the development of long distance transmission lines to meet rising power demand and bring a backlog of planned clean energy projects to the grid.The long awaited plan is part of reforms to upgrade the...

   Solar panel maker Maxeon Solar Technologies MAXN.O said on Friday it had initiated a patent infringement lawsuit in Texas against REC Solar Holdings AS.The lawsuit alleges infringement of Maxeon’s patents related to TOPCon solar cell technology.Singapore based Maxeon had filed a similar lawsuit...

   Top oilfield services firm SLB SLB.N reported a rise in first quarter profit on Friday, in line with analysts’ estimates, as higher oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America.The company, which reaffirmed its previous guidance of mid...

   India, the world’s third biggest oil importer and consumer, discussed recent trends and volatility in the global oil market and their impact on global energy stability with OPEC secretary general on Friday, a government statement said.During the telephone conversation with Haitham Al Ghais India’s...

   Spain on Friday signalled it was open to a potential takeover bid of energy firm Naturgy NTGY.MC by Abu Dhabi’s TAQA TAQA.AD , saying that while the government will defend its strategic interests that did not imply it would block the deal.TAQA confirmed on Wednesday it is in discussions with the...

   Poland’s Tauron aims to expand in renewable energy as the profitability of coal assets declines, the state controlled power utility said on Friday.It had megawatts MW of installed renewable capacity at the end of and is building MW more but sees room for greater expansion. We want to...

   Wholesale power prices coming under pressure from surging solar output is not a new concept in power markets, but looks set to become a potentially divisive issue across Europe as rampant expansions in solar output upend market pricing patterns.Power generated by solar panels is the cheapest source...

   Japanese utilities have strong concerns over escalating tensions in the Middle East as any supply disruption in the region will have a big impact on fuel supply and prices, the head of an electric power industry group said on Friday.Israel launched an attack on Iranian soil on Friday, sources...

   Russia became the top oil supplier to India during the fiscal year for a second year in a row, squeezing the market share of Middle Eastern and OPEC producers to historic lows, ship tracking data from industry sources showed.New Delhi has been gorging on Russian oil sold at a discount after...

   Oil and gold prices rose and Japan’s yen rallied on Friday on reports Israeli missiles have hit a site in Iran.Israel has struck Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed Israeli drones, days after Iran launched a...

   The day after the United States announced it would reimpose costly limits on Venezuela’s oil sector, the South American nation braced for the consequences and its president warned that the grave error would also hit U.S. interests.Announced by U.S. officials on Wednesday, Venezuela’s loss of a...

   Woodside Energy WDS.AX posted a fall in first quarter revenue on Friday compared with the previous three month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects.Australia’s largest LNG exporter said production...

   Brazilian logistics firm Transpetro plans to launch by May a process to contract four large size vessels for its state run parent company Petrobras PETR .SA , its chief executive told Reuters on Thursday.Brazil’s President Luiz Inacio Lula da Silva is pushing Petrobras to help strengthen the...

   U.S. electrical systems are not expanding fast enough to meet rapidly growing power needs of technology like Generative AI, prompting data center businesses to sometimes bypass utilities, executives said at an energy conference this week.Layers of regulations, citing and permitting processes, and...

   California’s power companies PG E PCG.N , Edison International EIX.N along with state energy agencies said on Thursday they have applied for billion federal grant to increase grid capacity and deliver renewable energy.The grant applied to the U.S. Department of Energy DOE if approved would...

   The U.S. Environmental Protection Agency will announce by Friday plans to temporarily expand sales of higher ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase, three sources familiar with the matter said.The measure would lengthen the...

   Oil prices held near a three week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the Middle East.Brent futures fell cents, or ., to settle at . a barrel, while U.S. West Texas Intermediate WTI crude rose ...

   Shares of Centuri Holdings CTRI.N , the freshly spun off unit of Southwest Gas Holdings SWX.N , jumped in their market debut on Thursday, in another sign of a revival in demand for new stocks.Centuri, which builds and maintains energy networks across the United States and Canada, sold . ...

   The Biden administration wants to keep gas prices within current ranges as the United States heads into its summer driving season, White House economic adviser Lael Brainard said on Thursday. A customer uses a gas pump at a filling station in Falls Church, Virginia, U.S., October , ....

   Lower production at Russian oil refineries was partly to blame for the continued decline in the country’s exports in the first quarter of this year, the central bank said on Thursday.Goods exports fell to . billion in the first quarter, from . billion in the same period of last year, the...