Energy

Indonesia

BW Offshore Wins Extension Deal for Sold FPSO

BW Offshore informed on Wednesday it had received a one-year contract extension for the lease and operation of the FPSO BW Joko Tole.

Electric Car

Tesla to Win Approval for $5.5 Billion Berlin Gigafactory on Friday

The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s 5 billion euro ($5.5 billion) gigafac…

Coal Price

Coal Prices Spike as Russia-Ukraine Crisis Escalates

The Russia-Ukraine crisis has shocked the coal and the broader energy markets, with spikes in Newcastle prices observed in recent days, says Wood Mackenzie, a V…

Natural Gas

Europe Rushes to Reduce Russian Energy Dependence

One consequence of the war in Ukraine is that Europe is now scrambling to reduce its dependence on Russian energy. The price of gas was already high before the …

Electric Car

First Hon Hai-Developed Electric Bus Delivered to Kaohsiung City

Kaohsiung, March 3 (CNA) An electric bus developed by a subsidiary of Taiwan-based Hon Hai Technology Group was delivered to Kaohsiung City government Thursday …

Rooftop PV System

Clean Energy Supply Chains Need ‘Significant’ Improvement, DOE Report Finds

A year after President Joe Biden signed an executive order calling for a review of American supply chains, the Department of Energy released what it called its …

Electric Car

Ford Announces New Plans to Strengthen Operation and Scale EVs

Ford is continuing to transform its global business by accelerating the development and scaling of breakthrough electric connected vehicles.

Nuclear Power Plant

Philippines Relaunches Nuclear Energy Programme

President Rodrigo Duterte has signed an executive order that outlines the government's position for the inclusion of nuclear energy in the Philippines' energy m…

Crude Oil

Clean Energy Broke Records in 2021 but Still Can’t Catch up with Oil and Gas

The US is way off track from meeting clean energy goals.

Crude Oil

Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged

War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intel…

Crude Oil

Russia’s Oil Exports Are Plunging Even Without Sanctions

While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are …

United Kingdom

Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year

Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall I…

United Kingdom

Energy Costs Extremely Volatile After Russia Invades Ukraine

Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb t…

Crude Oil

U.S. Crude Oil Production Unchanged Last Week: EIA

U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information …

EV Market

EV Sales Jump Again as Petrol Prices and Supply Chains Take Toll on Fossil Car Market

Electric vehicle sales more than doubled in February, compared to last year, in yet another encouraging result for the market in the light of a supply crunch, d…