Energy

Oil Price

‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel

Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.

Nuclear Reactor

DOE Launches Credit Program to Help Preserve Nation’s Nuclear Fleet

The U.S. Department of Energy (DOE) is seeking input on a newly established $6 billion program aimed at supporting the continued operation of U.S. nuclear react…

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

Offshore Wind Power

RWE installs Substations for 350MW Polish Wind Farm

German multinational utility RWE has selected French firm Chantiers de l’Atlantique for the supply, engineering, installation and commissioning of a substation…

South Africa

CSP Project Achieves Financial Milestone on Its Way to Clean Energy Provision

The Redstone Concentrated Solar Power (CSP) Project, South Africa’s largest renewable energy investment to date, has achieved its first debt drawdown.

Offshore Wind Power

Orsted and Eversource Start Building New York’s ‘First’ Offshore Wind Project

South Fork Wind, hailed as New York’s ‘first’ offshore wind energy project is now under construction.

Wind Farm

RWE Installs Substations for 350MW Polish Wind Farm

German multinational utility RWE has selected French firm Chantiers de l’Atlantique for the supply, engineering, installation and commissioning of a substation…

Nuclear Power Plant

EDF to Buy Part of GE Steam Power’s Nuclear Activities

EDF has confirmed it would buy part of GE Steam Power’s nuclear energy activities, including its nuclear turbine unit in France.

Nuclear Reactor

Nuclear Power’s Future Is Looking Brighter

Between 2009 and 2019, global consumption of renewable energy grew at an annual average of 13.4%. Over that time, renewable energy consumption grew from 8.2 exa…

LNG

Qatar's Asian Gas Contracts Hamper Ukraine Planning

Qatar's deepening trade in natural gas with Asia is complicating global efforts to protect Europe from the threat of an energy squeeze by Russia.

Energy Transition

“Australia Is Falling Behind:” Clean Energy Investment Shackled by Outdated Rules

​Some of the world’s largest investors in clean energy projects have called on Australian regulators to hurry up and remove outdated energy market rules that …

Saudi Arabia

Aramco Shares Switch May Boost Saudi Renewables

Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…

Oil & Gas Supply

Cutting Russia’s Oil Flow To Europe Would Be A Disaster

The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe.

Hydrogen Project

India’s Reliance Aims to Be World’s Leading Blue Hydrogen Producer

Reliance Industries, led by Mukesh Ambani, Asia’s richest man, aims to be among the largest producers of blue hydrogen at “competitive cost” in its green ene…

Oil Price

Opec+ Supply Shortfall Could Push Oil Prices Higher, IEA Says

An oil supply shortfall from Opec+ group of countries may lead to a tighter market and push prices higher, according to the International Energy Agency.