Despite facing existential threats like…
The US has become a…
U.S. oil prices surpass $80…
South America’s top hydropower producer, Brazil, has been installing a lot of other clean energy sources over the past half-decade, with solar and wind power now accounting for nearly one…
Swedish utility Vattenfall is scrapping a project to explore the possibilities of hydrogen production on offshore wind farms and transportation to shore, nearly two years after it began.? The…
U.S. Export-Import Bank (EXIM), the official export credit agency of the United States, is voting on Thursday whether to underwrite a loan backing an oil and gas project in…
The oil market is shifting from a surplus to a supply deficit that will last for all of 2024 if OPEC+ further extends its production cuts until the end of…
Shell reaffirmed on Thursday its ambitions to be a net-zero energy business by 2050 but eased its carbon intensity target for 2030 as it has shifted away from clean power…
The Federal Energy Regulatory Commission (FERC) has asked U.S. liquefied natural gas exporter Venture Global LNG to justify why it keeps details of its Calcasieu Pass LNG facility confidential,…
Carmakers preparing new EV models in a bid to take over the European market are worried grid and charging network constraints could challenge sales. According to a Bloomberg report, executives…
A decline in construction activity in China has pressured independent refiners to start curbing diesel production. Diesel is the primary output of the so-called teapots and times were good while…
Mexico’s state energy company Pemex is planning to reduce its emissions and turn into a net-zero company by 2050, starting with a 30% reduction over the next six years. The…
Nigerian oil production, beleaguered by rampant theft and sabotage, hit its highest in more than three years amid a concerted effort to crack down on targeted attacks and organized theft…
Europe’s giant utility operator, German E.ON, said on Wednesday it was targeting a massive $46 billion in investment in five years for a grid overhaul and expansion to accommodate renewable…
Low natural gas prices this winter season will result in significant declines in regulated electricity prices for households in Italy in the second quarter of the year, according to the…
Oil prices surged nearly 2% on Wednesday, buoyed by a drop in U.S. crude oil stockpiles and another round of Ukrainian attacks on Russian oil refineries, countering weakening prices earlier…
Kimmeridge Energy Management proposed on Wednesday a new offer for South Texas oil and gas producer SilverBow Resources as the energy asset manager continues to pursue a deal with…
The UK signed on Wednesday a trade pact with Texas, aimed at boosting investment and trade cooperation in new energy solutions, life sciences, and professional services. The so-called Statement…
A Russian tanker, sanctioned by the U.S. in the middle of February, has arrived at a Chinese port to discharge Russian crude in the province home to most of China’s…
The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20%…
BP and the Abu Dhabi National Oil Company (ADNOC) have suspended talks to buy a 50% stake in Israel’s natural gas producer NewMed, due to uncertainty in the region, the…
A fire erupted at an oil refinery in a region southeast of Moscow following a suspected Ukrainian drone attack in the latest such incident ahead of this weekend’s presidential election…
China’s Unipec, the trading division of Sinopec, has bought a rare cargo of North Sea oil amid lukewarm local demand. Citing unnamed sources from the oil trading industry, Reuters