Energy

Ukraine

Could the Russia-Ukraine Conflict Accelerate the Shift to Green Energy?

The crisis in Ukraine has forced Western countries to reevaluate their reliance on Russian energy.

Coal Price

Peabody Gets a $534 Million Margin Call on Coal, and Goldman Steps In With a 10% Loan

Locking in a price to sell coal at $84 a metric ton must have seemed like a good bet for Peabody Energy Corp. a year ago.

Joe Biden

Solar Costs Jumped in 2021, Reversing Years of Falling Prices

Solar costs rose in 2021 partly because of supply chain constraints, according to a report released Thursday by the Solar Energy Industries Association and Wood…

Clean Energy Transition

India Targets 85% of Energy Needs from Green Sources

According to the proposal prepared by the renewable energy ministry, coal-fired capacity will initially rise to 267 GW by 2030 from the present 210 GW and, subs…

Carbon Emissions

Global Energy-Related CO2 Emissions ‘Hit Highest Level in History in 2021’

Increased use of coal was the main factor driving up emissions by over two billion tonnes, according to the IEA.

Hydropower Plant

Turning the Tide: Decarbonising with Hydropower

When the wind slows down and the sun stops shining, hydropower emerges as a steady, reliable renewable energy giant.

EV Market

Secondhand Tesla Prices are Shooting up as Petrol Prices and New Car Wait Times Blow out

With the price of petrol set to soar due to looming gas and oil shortages caused by Russia’s invasion of Ukraine and subsequent sanctions, observers are noting…

Solar Power Plant

Solar and Energy Storage to Dominate US Power Installs Through 2023 as Wind Flags: EIA

Utility PV to account for half of 85GW of planned generating capacity nation forecast to deploy, with 60% paired with battery-banks, according to Energy Informa…

CPS Energy Exploring Novel Geomechanical Pumped Storage Technology

Texas-based CPS Energy, the largest municipally owned electric and natural gas company in the U.S., has entered into a 15-year commercial agreement to explore i…

Electric Car

Gas Prices Are Spiking — Don’t Expect Sales of Electric Vehicles to Follow

Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, while Russia’s invasion of Ukraine pushes gas prices to record highs, will largel…

Natural Gas

Demand for Natural Gas on Australia's East Coast Falls

The uptake in renewable energy could see gas demand from Australia’s East Coast decline by around 60% by 2050, depending on the pace of the energy transition, …

LNG

Germany to Build Its Own LNG Terminal

European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions …

CNOOC

Chinese Partner Paying over $2 bln to Petrobras for More Interest in Brazilian Field

Chinese oil and gas company CNOOC has sealed a deal with the Brazilian giant Petrobras, which will allow it to acquire an additional interest in the Búzios fie…

World’s most Advanced Oil Rig Commissioned at ONGC Well in Bhimavaram

As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for d…

Crude Oil

Africa: Nigeria to Maintain Top Positions As Africa's Biggest Oil Producer, Production to Peak in 2023 - Report

Nigeria will retain its number one position as Africa's biggest oil producer as well as maintain the top three gas suppliers on the continent between 2022 and 2…