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Egypt targets 6.6 billion cubic feet of gas per day by next year through increased drilling and investment, with major oil companies like Eni committing billions to develop new discoveries.
The UK has approved the Jackdaw gasfield for production east of Aberdeen, years after initial approval. The decision raises questions about impacts on energy bills, carbon emissions, and Britain’s climate leadership role.
California startup Voya Energy secured $35 million for aluminum-air generators for data centre backup power, but faces challenges in securing prepared scrap aluminum supplies and managing large volumes of reaction byproducts.
The UK government will introduce an energy independence bill granting Ofgem powers to penalize energy suppliers and brokers for mis-selling, including restricting executive bonuses and imposing fines.
Oil prices fell 15% this week amid expectations of a U.S.-Iran peace deal, though attacks in the Strait of Hormuz continue as geopolitical tensions show signs of easing.
The U.S. nuclear energy sector faces a critical fuel supply challenge as the Trump administration pushes for expansion, with Russia controlling nearly half of global enrichment capacity and geopolitical tensions threatening supply chains.
