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Wednesday, 4 November 2026

17 briefs so farthis page grows with every cycle of the daylast update 01:03 UTC

Key points

  • Africa Energy Bank launches with USD 5 billion authorised capital to fund oil and gas projects.
  • XRG Agrees to Buy Shell's 16.67% Stake in Australia's North West Shelf for USD 1.45 Billion.
  • Aghorn Paid USD 1 Million Fine After Guilty Plea, but Chronic Leaks Persisted for Years.
  • USGS Estimates 96 tcf of Undiscovered Natural Gas on Alaska's North Slope.

Renewables

Solar PV cut Spain's wholesale electricity costs by EUR 17.02 billion over eighteen months, industry group estimates

Solar photovoltaic generation reduced Spain's wholesale electricity costs by an estimated EUR 17.02 billion between January 2025 and June 2026, according to Spanish PV association UNEF, as reported by pv magazine.

Without solar output, average day-ahead electricity prices would have been 86% higher, UNEF estimates. The recorded average price stood at EUR 60.2/MWh; absent solar, it would have reached EUR 112/MWh, according to the association.

Utility-scale PV accounted for EUR 14.23 billion of the estimated savings, while residential and commercial self-consumption contributed EUR 2.79 billion, pv magazine reported.

The wholesale cost reductions do not translate directly into equivalent savings on consumers' electricity bills, the report noted.

Source: pv-magazine.com (opens in a new tab)1 sourcePermalink

Renewables

Gold Hydrogen reports 100 kg/day natural hydrogen potential at South Australia well

Gold Hydrogen completed natural hydrogen flow testing at its Ramsay 3 well on South Australia's Yorke Peninsula after successfully flowing and separating natural hydrogen, according to gasworld.

Appraisal testing at the Ramsay Project indicated potential natural hydrogen production of approximately 100 kg per day per well, Fuel Cells Works reported. Assuming continuous production at that rate, output would reach approximately 36.5 tonnes of natural hydrogen annually per well, according to Fuel Cells Works.

The company recorded air-corrected natural hydrogen purity of up to 97% at Ramsay 3 during drilling, gasworld reported.

Source: gasworld.com (opens in a new tab)2 sourcesPermalink

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