Energy

RWE Cuts Investments by €10bn as Future Outlook Remains Uncertain

March 20, 2025

RWE Cuts Investments by €10bn as Future Outlook Remains Uncertain

Despite a better-than-expected performance in 2024, RWE is significantly reducing its investment plan for new projects, cutting its planned investments between 2025 and 2030 by €10bn from €45bn to €35bn. The Essen-based energy company cited regulatory uncertainties, supply chain bottlenecks, geopolitical risks, and higher interest rates as key factors driving the decision, while also raising the return requirement for new projects from 8% to 8.5%.

Turkey's Daily Oil Output Reaches 132K Barrels Amid Exploration Boost

March 12, 2025

Min

Turkey's Daily Oil Output Reaches 132K Barrels Amid Exploration Boost

Turkey's daily oil production has climbed to 132,000 barrels as of March 2025, thanks to an aggressive exploration campaign in regions including Şırnak's Gabar, Van, and Diyarbakır. Energy Minister Alparslan Bayraktar announced plans to drill 153 oil wells this year to support the country's goal of energy independence, with current production from 95 wells contributing $2bn annually. Simultaneously, Turkey is ramping up natural gas production from the Sakarya Gas Field in the Black Sea, with targets to increase output and meet rising domestic demand.

UK Proposes Tax Easing for Offshore Oil & Gas Amid North Sea Transition

March 5, 2025

Min

UK Proposes Tax Easing for Offshore Oil & Gas Amid North Sea Transition

The UK government has unveiled proposals to ease the tax burden on offshore oil and gas producers while simultaneously banning new drilling licences, as part of its strategy to transition the North Sea toward a cleaner energy future. Under the plan, the windfall tax introduced in 2022 will be scrapped from 2030 and replaced by a flexible, sliding-scale duty that adjusts with global wholesale energy prices.

E.on to Invest €43bn in Network Expansion for Energy Transition

February 26, 2025

Min

E.on to Invest €43bn in Network Expansion for Energy Transition

German energy supplier E.on has announced plans to invest €43bn by 2028—€1bn more than previously projected to modernize and expand its electricity and heating networks. The ambitious investment will support the energy transition by enhancing the grid’s ability to transport renewable energy from wind and solar sources and to store excess power during periods of overproduction. As a result, E.on now expects adjusted operating EBITDA to exceed €11.3bn by 2028.

EU Unveils €100bn Plan to Power Industry with Affordable Green Energy

February 26, 2025

Min

EU Unveils €100bn Plan to Power Industry with Affordable Green Energy

The European Commission has unveiled an ambitious industrial plan to bolster EU competitiveness by transforming the energy landscape. Central to the strategy is the creation of an Industrial Decarbonisation Bank with €100bn in capital, alongside initiatives to lower energy costs, simplify regulatory burdens, and invest in workforce training and infrastructure. The plan, which also includes a comprehensive administrative simplification package, seeks to balance the EU’s decarbonisation targets with the need to maintain affordable energy and sustain industrial growth amid global geopolitical uncertainties.

Moscow Seeks the Return of Western Energy Groups

February 25, 2025

Min

Moscow Seeks the Return of Western Energy Groups

Russian officials are actively courting major Western energy companies to return to Russia, promising lucrative investment opportunities as an incentive. Amid hopes that political tensions will ease and sanctions be lifted, companies like TotalEnergies are considering resuming operations in the country, despite significant risks. Moscow’s proposal aims to lure these firms back by offering high-profit potential, though American companies might find the prospect less attractive due to stronger alternative opportunities in regions such as the Gulf of Mexico and Brazil.

February 18, 2025

Min

Enagas Plans €4bn Investment, €3.1bn for Hydrogen Infrastructure

Spanish gas grid operator Enagas plans to invest €4.04 billion by 2030, with more than three-quarters—approximately €3.13 billion—dedicated to hydrogen infrastructure. The company, which is shifting its focus from traditional gas due to declining demand, is also venturing into ammonia and CO₂ capture through a new subsidiary, Scale Green Energy.

Air Liquide and TotalEnergies to Invest Over €1bn in Green Hydrogen Projects

February 18, 2025

Min

Air Liquide and TotalEnergies to Invest Over €1bn in Green Hydrogen Projects

French energy giants TotalEnergies and Air Liquide are set to launch two green hydrogen projects aimed at decarbonising TotalEnergies' refineries in the Netherlands and Belgium. The projects, involving the construction of electrolysers, represent a combined investment of more than €1bn and are expected to reduce CO₂ emissions by up to 450,000 metric tons annually.