The European Commission instructed EU governments to waive penalties for three years for oil and gas companies that breach its methane emissions law, ​following pressure from the U.S. government to roll back the rules. The U.S., ‌Qatar, oil and gas industry groups, and most EU member states have demanded changes to the law in recent…

The impacts of the war in the Middle East continue to reshape the global natural gas market, with tighter supply and elevated prices weighing on demand in key markets, according to the IEA’s latest quarterly market report. Global gas demand is expected to decline by 0.5% this year, the report forecasts, due primarily to lower…

Dominion Energy has announced plans to construct a new 2.6-gigawatt natural gas-fired power plant in Grant County that would operate alongside the existing coal-fired Mt. Storm Power Station. The proposed Mt. Storm Combined Cycle Station would represent a multibillion-dollar investment in the region and is expected to create more than 1,400 construction jobs and 150…

Xcel Energy has selected a proposed portfolio of new power generation projects that includes nearly 4,000 megawatts of wind, solar, battery storage and natural gas generation to help meet growing electricity demand across Texas and New Mexico by 2030. The utility announced Monday that it plans to add 3,928 megawatts of new generation capacity through…

A massive amount of data center power abruptly disconnected from the largest U.S. electric grid on Wednesday, causing a voltage disturbance that could be felt from Washington, D.C., to Chicago, according to experts and data from ​grid operator PJM. The epicenter of the event was in northern Virginia, home to the ​largest collection of data…

The World Energy Investment report is an annual flagship publication by the International Energy Agency (IEA). Established in 2016, it serves as the global benchmark for tracking real-world capital flows across the energy landscape. By aggregating data from corporate balance sheets and public spending, the report provides policymakers and investors with an objective map of…

Citigroup, Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter. The details of the package are still being negotiated, said the people, who declined…

A Steady Stream of Demand Industrial Info Resources is tracking 53 utility-scale power-generation projects, valued at more than $19.23 billion, with a target kickoff of June this year in North America. Not every one of these projects will actually begin construction in June, but this analysis narrows down to those projects more likely to kick…