Tag: energy

Sabotage suspected after Nord Stream pipeline leaks

  Copenhagen, Denmark (AFP) by Camille BAS-WOHLERT The two Nord Stream gas pipelines linking Russia and Europe have been hit by unexplained leaks, Scandinavian authorities said Tuesday, raising suspicions of sabotage. The pipelines have been at the centre of geopolitical tensions in recent months as Russia cut gas supplies to Europe in suspected retaliation against Western sanctions following its invasion of Ukraine. While the pipelines, which are operated by a consortium majority-owned by Russian gas […]

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‘Desperation’ in violence-ravaged Haiti: UN hears

UNITED NATIONS, United States (AFP) — Officials described a “humanitarian catastrophe” in Haiti to the UN Security Council Monday, as the nation hits “new levels of desperation” after two weeks of violence and attacks on food aid warehouses. Protests and looting have rocked the already unstable nation since September 11, when Prime Minister Ariel Henry announced a fuel price hike; he says subsidies are too expensive for one of the world’s poorest states. “An economic […]

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United Arab Emirates to supply Germany with gas, diesel: deal

Abu Dhabi, United Arab Emirates (AFP) The United Arab Emirates agreed Sunday an “energy security” agreement with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies. Emirati industry minister Sultan Ahmed Al Jaber called it a “landmark new agreement” that “reinforces the rapidly growing energy partnership between the UAE and Germany” as he signed the deal, which was witnessed by Chancellor Olaf Scholz, the UAE’s […]

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PBBM meets with top execs of Boeing, and US sustainable energy firms NuScale, WasteFuel

Strengthening aviation, energy sector a priority, says PHL president   (Eagle News) – President Ferdinand Marcos Jr., held a series of meetings with American private companies in New York, including top managers of aerospace firm Boeing, and two energy and fuel firms. Marcos Jr., met with top executives of NuScale Power, an American energy company founded in 2007, and with WasteFuel, a California-based company which produces renewable fuels through proven technologies. After that, he met […]

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Power cuts to plunge South Africa into darkness

  JOHANNESBURG, South Africa (AFP) — Africa’s most industrialised economy South Africa is again facing sweeping power cuts, caused by failures at ageing and poorly maintained infrastructure, the nationalised utility company said Sunday. Andre de Ruyter, the boss of state-owned Eskom, announced a series of planned outages in the coming week. Urging South Africans to use electricity sparingly, he called for office lights to be turned off at night, and for swimming pool pumps and […]

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Germany takes control of Russian firm Rosneft’s operations in the country

Berlin, Germany (AFP) Berlin said Friday it had taken control of the German operations of Russian firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft’s German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the economy ministry said in a statement. “The trust management will counter the threat to the security of energy supply,” […]

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EU presidency calls new round of energy crisis talks

  PRAGUE, Czech Republic (AFP) — The European Union presidency said Tuesday it would convene another round of talks for the bloc’s energy ministers to discuss the energy crisis linked to the Ukraine war. “I am calling another extraordinary meeting of the energy ministers’ council for September 30,” Czech Industry and Trade Minister Jozef Sikela, whose country now holds the rotating presidency, said in a tweet. At the meeting, EU ministers pledged “unprecedented measures” to […]

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Another oil price rollback set Tuesday, Sept. 13: Diesel prices down by P1.45/liter, gasoline by 45cents/liter

Second straight week of oil price rollback after tumble in world crude prices   (Eagle News) – Another oil price rollback is set on Tuesday, September 13, with gasoline prices going down by 45 centavos per liter, and diesel prices being slashed by P1.45 per liter. This is the second straight week of price rollback for petroleum products. Last week, the slash in prices was bigger. Gasoline prices were reduced by P2.60 per liter, while […]

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EU ministers seek ways to face energy shock

by Alex PIGMAN Agence France-Presse BRUSSELS, Belgium (AFP) — EU energy ministers on Friday will attempt to forge a united response to the energy shock from Russia’s war on Ukraine that has sent prices for electricity and heating skyrocketing. Moscow’s invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with all eyes on whether Russian President Vladimir Putin will cut off the energy flow entirely. Before […]

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Indonesia tapped to supply fertilizer to PHL, to continue coal exports for PHL energy needs, says PBBM

  (Eagle News) — Talks are in the works for Indonesia to provide the Philippines with fertilizer and more coal for the country’s agriculture and energy needs respectively. Philippine president Ferdinand “Bongbong” Marcos Jr mentioned this as one of the results of his talks with his Indonesian counterpart President Joko Widodo. Marcos Jr., who is also serving as the secretary of the Department of Agriculture said that he brought up the subject of agriculture as […]

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A cap on Russian oil prices? G7 eyes untried, risky plan

  New York, United States (AFP) by Thomas URBAIN Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would be an unprecedented move and one which some analysts say could backfire. – How would a cap work? – Russian oil would be purchased at a discount from prevailing market prices, to limit Moscow’s profits as it prosecutes its war against Ukraine; but it would keep the price […]

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Germany agrees 65bn-euro inflation relief package

Berlin, Germany (AFP) The German government on Sunday agreed a 65-billion-euro ($65-billion) plan to ease the pressure on households as Russian gas supplies dwindle and energy bills soar, according to a policy paper seen by AFP. “Timely and proportionate relief for citizens and businesses is necessary due to the rapidly increasing burden of high energy prices,” Germany’s coalition partners said in the document, adding that the total package came to “over 65 billion euros”. The […]

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