business Feb 3, 2026, 8:11 AM
Venezuela signs $2 billion crude deal with the US - Delcy Rodriguez met with US envoy Laura Dogu on February 2, 2026, in Caracas to discuss bilateral relations.
- The two countries have reached a deal to export up to US$2 billion worth of Venezuelan crude to the US.
- This agreement marks a significant development in Venezuelan-US relations and reflects attempts to stabilize Venezuela's economy.
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business Feb 3, 2026, 7:56 AM
Trump pressures Mexico to cease oil shipments to Cuba - On February 2, 2026, President Donald Trump announced that Mexico would stop sending oil to Cuba.
- Cuba, heavily reliant on oil imports, could face severe humanitarian crises due to this change.
- Trump's pressure on Mexico reflects ongoing tensions between the U.S. and Cuba and concerns over U.S. national security.
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business Feb 2, 2026, 5:17 PM
East Surrey Hospital receives £1.6m for solar energy initiative - East Surrey Hospital is set to install 2,827 solar panels as part of an initiative to lower carbon emissions.
- The project received £1.6 million in funding from Great British Energy and is part of a larger government push for renewable energy.
- The solar panels goal is to be fully operational by spring 2026, contributing to sustainability in public institutions.
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business Feb 2, 2026, 3:15 PM
European gas supplies plummet amid supply risks - Gas reserves in the EU have fallen to 43% capacity, the lowest level since the 2022 energy crisis.
- Cold weather and reduced Russian gas supplies have accelerated withdrawals from storage facilities.
- The situation raises serious concerns regarding supply risks and increasing energy prices across the region.
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business Feb 2, 2026, 6:08 AM
Venezuela exports first liquefied petroleum gas shipment under Delcy Rodriguez - On February 1, 2026, Delcy Rodriguez announced Venezuela's first export of liquefied petroleum gas to the U.S.
- The shipping vessel Chrysopigi Lady left a northern Venezuelan port heading to Providence, Rhode Island.
- Rodriguez described the shipment as a historic milestone for Venezuela, aiming for further economic recovery.
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business Feb 1, 2026, 12:00 PM
ECO4 scheme offers free energy-saving upgrades for UK households - The ECO4 scheme offers free energy-saving upgrades, including insulation and heating systems, for eligible households in the UK.
- Homeowners and landlords can apply for grants up to £7,500 through the Boiler Upgrade Scheme to transition to low-carbon heating.
- These initiatives are part of the UK government's efforts to enhance energy efficiency and reduce carbon emissions.
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business Feb 1, 2026, 6:00 AM
Singapore enhances nuclear safety measures as it prepares for nuclear energy - Singapore has been actively participating in international nuclear safety drills and tests to ensure its preparedness.
- The NEA conducts routine monitoring of environmental radiation levels to establish a baseline ahead of potential nuclear energy developments in the region.
- The establishment of a nuclear safety division within the NEA reflects Singapore's commitment to enhancing its regulatory capabilities for nuclear power.
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business Jan 30, 2026, 4:06 PM
Shell faces severe earnings drop due to oil price slump - Shell is expected to announce a significant earnings drop due to a 21% decline in oil prices over the past year.
- Analysts predict that the company's underlying earnings will fall to 18.79 billion US dollars, down from 23.72 billion dollars in 2024.
- The drop in earnings is attributed to an oversupply of oil, geopolitical tensions, and a decline in trading performance.
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business Jan 30, 2026, 1:11 PM
Exxon Mobil posts strong quarterly profit amidst solid production - Exxon Mobil reported an adjusted profit of $6.5 billion for the fourth quarter of 2025.
- Chevron is developing off-grid energy parks to mitigate energy costs for consumers amidst rising demand from AI.
- The success seen by Exxon Mobil illustrates the company's strong position in the changing energy market.
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business Jan 30, 2026, 1:05 PM
UK government to decide on critical investment in Ardersier soon - Mingyang proposes to establish a £1.5bn wind turbine manufacturing facility in Ardersier, which could generate 1,500 jobs.
- Trade Minister Sir Chris Bryant insists that any investment must be secure to protect national interests amid rising tensions with China.
- The UK's decision on this investment is crucial for Scotland's renewable energy industry and reflects broader geopolitical considerations.
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business Jan 30, 2026, 11:35 AM
Malaysia introduces 24-hour electric train service for festive periods - Malaysia will introduce a 24-hour electric train service starting from the upcoming Chinese New Year.
- The initiative aims to optimize the use of existing train sets by Keretapi Tanah Melayu Berhad during peak travel periods.
- This service is expected to increase capacity and allow more passengers to secure tickets during festive seasons.
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business Jan 30, 2026, 11:34 AM
Liberty Steel's Hartlepool pipes unit for sale as Gupta empire crumbles - Advisers have been appointed to sell Liberty Steel's Hartlepool operation, targeting bids within the next fortnight.
- The Hartlepool steel pipes unit has been making losses and employs around 170 individuals.
- Without finding a buyer quickly, the future viability of the pipes unit remains uncertain.
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business Jan 30, 2026, 1:10 AM
Ineos leads the way in EU's first large-scale offshore CO2 storage site - Greensands Future project aims to store CO2 in an old oil field off the coast of Denmark.
- The EU views carbon capture and storage technology as necessary for achieving net zero emissions by 2050.
- This initiative could significantly contribute to Denmark's emission reduction goals while facing criticism over its long-term implications.
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business Jan 30, 2026, 1:01 AM
Petrol prices hit lowest levels since 2021, offering relief to drivers - The average cost of petrol in the UK has fallen to 131.91p per litre, the lowest since July 2021.
- This drop is due to a decrease in global oil prices, which went below US$60 per barrel.
- The recent decline in fuel prices is a positive development for households, though competition issues remain.
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business Jan 29, 2026, 10:10 PM
Anker Solix C1000 power station slashes price by over 40% - The Anker Solix C1000 portable power station is currently available at over a 40% discount.
- It can power significant household appliances during outages, making it essential for emergency preparedness.
- This deal aligns with an impending winter storm, suggesting the importance of reliable energy backup options.
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business Jan 29, 2026, 5:14 PM
India's nuclear strategy shifts liability, paving way for growth - India's Ministry of Power released a draft energy strategy to enhance nuclear capacity and integrate private investment.
- The SHANTI Act modifies liability structures to attract private sector involvement in nuclear projects.
- The strategy aims to position India as a leader in nuclear energy by increasing capacity to 100 GW by 2047.
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business Jan 29, 2026, 4:43 PM
TotalEnergies restarts $20 billion gas project in Mozambique - TotalEnergies has resumed its halted gas project in Cabo Delgado, Mozambique, due to improved security conditions.
- The project is expected to generate billions in revenue and create more than 4,000 jobs, primarily for local Mozambicans.
- Resumption of the project signifies a hopeful outlook for economic growth and stability in a region previously affected by terrorism.
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business Jan 28, 2026, 12:00 PM
Brazil emerges as a major energy player with diverse strategies - Brazil has transformed its economy into a significant player in the global energy market.
- The country's offshore oil production and renewable energy developments are complementary.
- Brazil's strategic focus on energy diversification is poised to enhance its economic stability.
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business Jan 28, 2026, 11:29 AM
Hemiko launches heat network to warm London using Thames water - A new communal heat network has been launched in central London to utilize heat from the River Thames.
- The initiative aims to connect various landmarks and potentially reduce nitrogen oxide emissions by 72%.
- This project demonstrates a significant step toward low-carbon heating practices in urban areas.
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business Jan 28, 2026, 11:14 AM
India slashes Russian oil imports amid pressure from the US - India's oil imports from Russia have decreased significantly, reaching 1.3 million barrels per day.
- The Indian government is encouraging oil diversification as a response to market pressures and sanctions.
- This trend indicates India's commitment to reducing reliance on Russian oil amidst increasing global pressures.
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business Jan 28, 2026, 9:20 AM
Mossmorran plant closure threatens over 400 jobs - The Mossmorran plant closure by ExxonMobil will jeopardize over 400 jobs.
- A task force led by Fife Council is formed to support the affected workforce.
- The Scottish Government has pledged £9 million over three years to aid workers impacted by the closure.
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business Jan 27, 2026, 6:53 PM
No charges filed against critic arrested for stealing Georgia Power secrets - Patty Durand was arrested for allegedly taking a notebook containing trade secrets from Georgia Power during a meeting.
- District Attorney Fani Willis concluded there wasn't enough evidence to prosecute, despite surveillance footage showing Durand with the notebook.
- After completing community service, Durand is now free to share her experiences and continue her advocacy against Georgia Power.
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business Jan 27, 2026, 6:14 PM
Barnsley pilots innovative renewable energy project for local homes - The INNO-TREC initiative in Barnsley is targeting 150 homes for a renewable energy pilot project.
- Involvement of solar panels, battery storage, and heat pumps aims to provide cost savings and comfort for tenants.
- If successful, the initiative could expand to other communities addressing national energy and poverty challenges.
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business Jan 27, 2026, 3:15 PM
India's energy sector holds $500 billion investment potential, says Modi - Indian Prime Minister Narendra Modi addressed the energy sector's wide-ranging reforms via teleconference at India Energy Week.
- India aims to increase oil and gas sector investments to $100 billion and expand exploration by 2030.
- These developments signify a substantial opportunity for growth within India's energy industry.
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business Jan 27, 2026, 12:57 PM
Aluminum supply chain at risk of nationwide crisis warns Century Aluminum CEO - The U.S. aluminum industry is seeing a revival due to national security concerns and supply chain vulnerabilities.
- Jesse Gary warns that the current aluminum supply network lacks resilience against disruptions.
- The surge in aluminum production is essential for American defense readiness and long-term economic stability.
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business Jan 26, 2026, 3:53 PM
Trump invests $1.6 billion to reduce reliance on China for rare earths - The U.S. invested $1.6 billion in the rare earths sector through a partnership with USA Rare Earth.
- This investment includes funding for a new mine in Texas and a manufacturing facility in Oklahoma.
- The strategic move aims to reduce U.S. dependence on Chinese processing of critical minerals.
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business Jan 26, 2026, 2:41 PM
Qatar commits $400 million to revive Lebanon's electricity and aid refugees - Qatar has allocated $400 million for Lebanon to enhance its electricity infrastructure and support Syrian refugees.
- The investment aims to benefit 1.5 million residents in Lebanon, where the electricity sector suffers from significant debt and inefficiency.
- This initiative reflects a shift in Lebanon's relations with Gulf nations and a renewed commitment to combat corruption.
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business Jan 26, 2026, 1:10 PM
Bank of Scotland fined for violating Russia sanctions - The Office of Financial Sanctions Implementation fined Bank of Scotland £160,000 for processing payments to a sanctioned individual in February 2023.
- The bank self-reported the breach, which led to a 50% reduction in the penalty.
- This incident highlights the importance of compliance in financial institutions amid international sanctions.
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business Jan 26, 2026, 1:43 AM
UK commits to major offshore wind farm projects across Europe - The UK government has signed an agreement to build offshore wind farms with eight European countries.
- This initiative aims to enhance energy security and reduce dependence on fossil fuels.
- Concerns have been raised about the potential for increased electricity prices due to market competition among wind farm operators.
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business Jan 24, 2026, 8:02 AM
RHS plans major investment in water management for future droughts - The Royal Horticultural Society is implementing emergency plans to protect gardens from future water shortages.
- In 2026, the organization will prioritize investments in water capture and management projects.
- This initiative reflects the urgent need for adaptation to climate change and aims to establish sustainable gardening practices.
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business Jan 23, 2026, 6:14 PM
Europe faces urgent gas supply crisis amid high demand - Europe's gas storage levels are currently less than half full, significantly below seasonal norms.
- With Russian imports heavily reduced due to sanctions and geopolitical tensions, the EU has turned to U.S. LNG, which is more expensive.
- The current energy situation may require government intervention to replenish gas reserves ahead of the next winter.
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business Jan 23, 2026, 3:29 PM
Government overrides council to approve large solar park in Wiltshire - A government inspector granted planning consent for a solar park in Wiltshire, overturning the local council's rejection.
- The solar park will cover 114 hectares and is expected to provide power for over 9,400 homes.
- This decision highlights the tensions between local concerns about heritage and the push for renewable energy development.
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2026 All rights reserved
2026 All rights reserved