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Wave Energy
AWS Ocean Energy Starts Shakedown Trial for Waveswing Converter
Scottish wave energy firm AWS Ocean Energy has started sea trials of its Waveswing wave energy converter at the European Marine Energy Centre’s (EMEC) Scapa Fl…
Coal-Fired Power Plants
Australia Plans to Slow Power Plant Closures
The Australian federal government plans to slow down the accelerated rate of power plant closures with proposals requiring utilities to provide a five-year noti…
Oil Price
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…
Coal Trade
Europe’s Russia Coal Ban Foreshadows Higher Global Energy Prices
Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the wo…
Crude Oil
U.S. Issues Formal Notice of Record Sale of Oil From Reserve
The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever…
Electric Vehicle Charging
UK Policy Paper Doubles Down on Vehicle Electrification
A new white paper from the UK Department for Transport lays out their strategy and action plan for the rollout of electric vehicle (EV) charging infrastructure …
Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Ukraine
Ukraine Impact on Energy Prices to Force UK Slowdown
Britain’s economic growth is expected to slow down as the Ukraine conflict raises the cost of energy and commodity prices.
Electric Car
Shell Is Offering Tesla & Other EV Subscriptions in Germany
In Germany, Shell launched its Shell Recharge Auto Subscription, where a customer chooses their desired EV and can order it without a down payment, the final in…
SINOPEC
Aramco in Discussions with Sinopec on Downstream Ventures
Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…
Oil & Gas Supply
US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA
The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…
Coal Mine
Balkan States Say Supply Security more Pressing than Ditching Coal
A surge in power costs and concerns about reliance on Russian energy have prompted Balkan utilities to reassess plans to shut down coal-fired power plants, desp…
Oil Price
WTI Crude Dives Below $100 on China Demand Concern
WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…
Crude Oil
Brent Crude Down Almost 6% but Still Above US$100 a Barrel
Brent crude was off almost 6% but remained above US$100 barrel with a potential cessation to violence in Ukraine helping quell sentiment-driven panic price rise…
Crude Oil
Oil Terminal Blast In Nigeria Takes Production Offline
An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…
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