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United States

Explainer: Why the U.S. Inflation Reduction Act Has Europe up in Arms

Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy packag…

Nuclear Power Plant

Is the UK Plotting Budget Cuts to Boost Its Nuclear Power Dreams?

The Treasury is reportedly reviewing the government spending on projects such as roads, rail and schools.

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…

Natural Gas

Eastward Gas Flows via Yamal-Europe Pipeline Fall to Zero

Eastbound gas flows through the Yamal-Europe pipeline to Poland from Germany fell to zero on Monday morning, while Russian supplies to Europe via Ukraine inched…

Which ASEAN Countries Are the Most Energy-Intensive

A total of seven countries in the Association of Southeast Asian Nations (ASEAN) region are less intensive than the world average, but three are above, led by B…

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

Crude Oil

Price Cap on Russian Oil Comes Into Effect

The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…

Electric Car

The EV Transition Explained: Charger Infrastructure

How many, where, and who pays?

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Crude Oil

Poland Approves $60 G7 Oil Price Cap

Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…

Nuclear Power Plant

Nuclear Power Is Finally Poised to Ramp up Again in Japan

The Japanese have been hesitant to re-embrace nuclear power following the triple reactor meltdowns at the Fukushima Daiichi plant in 2011, but there are indicat…

Energy Transition

Sustainable, Low-Cost Hydrogen - a Revolutionary Step in the Energy Transition

Governments and corporations are under increasing pressure to adopt large-scale renewable energy sources and meet current climate goals to help mitigate the eff…

Solar Power Plant

Dubai’s Concentrated Solar Power Project Starts Supplying Electricity to the Grid

It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat.

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…