AGP Executive Report
Last update: 2 hours agoCorporate Moves: Woodside will cut more than 500 jobs as it targets $400 million in annual savings from 2028, while forecasting higher production later this decade. Data Centre Power: A New South Wales inquiry recommends requiring new data centres to match 100% of their electricity use with renewable power hour by hour, amid concerns over their growing energy and water demand. Energy Storage: India approved a 14,500-crore-rupee support scheme for 92 GWh of grid-scale storage, aimed at strengthening the power system as clean energy expands. Energy Costs: Global oil prices fell, but Greek electricity costs stayed high: wholesale prices averaged more than €280 per MWh in the first four days of November. Industry Pressure: Nigerian manufacturers spent an estimated 1.34 trillion naira on alternative electricity in 2025, as unreliable supply and high power costs weigh on competitiveness. Venezuela Projects: Fluor and local firm Inelectra plan to combine global engineering capacity and local expertise to support energy and industrial projects.
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