Energy

Electric Car

Vehicle Manufacturers to Double Spending on EVs, Batteries to $1.2 Trillion by 2030

Car makers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.

Brazil

Wind Power Will Quadruple in Brazil by the End of the Decade

The 13th edition of Brazil Windpower, the main congress and fair in Latin America on wind energy, promoted this morning the panel “Production chain and its inp…

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

Offshore Wind Power

Vena Energy to Develop 2,000MW Offshore Wind Project in Australia

The project will be located off the Victorian Coast in the Gippsland Basin.

LNG

World’s First Emissions-Reducing Integrated Hybrid Drive System for an LNG Plant

​Northeast Energy Center (NEC) and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being bui…

Oil Field

UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields

Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…

Electric Vehicle Battery

VW Steps up EV Battery Development and Production

Volkswagen has established partnerships to investigate new battery materials and to establish a large scale battery supply chain.

Electric Car

Nikola Expects Inflation Reduction Act to Lower Hydrogen, Truck Costs

Incentives provided by the recently passed Inflation Reduction Act (IRA) will help Nikola Corp by lowering costs of its electric trucks and hydrogen energy busi…

Norway

Norway Eyes New Rules to Protect Hydropower Supply in Spring, Says Energy Minister

A mechanism to safeguard sufficient hydropower supply in Norway, which could ultimately curb power exports, will likely come in the spring, its oil and energy m…

Hydrogen Project

Germany Is the Site of the World’s Largest Green Hydrogen Project

Fortescue Future Industries and Tree Energy Solutions have agreed to develop the world’s largest green hydrogen integrated project "to help Europe mitigate its…

Natural Gas

German Government May Have to Inject Another $39 Billion in Energy Giant Uniper

The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.

Oil Refinery

Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal

Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.

Electric Car

U.S. Boosts EV Purchases, but Faces Supply Chain Hurdles

The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles.

Natural Gas

EU Leaders to Keep Studying Gas Price Caps

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early ho…

Natural Gas

Energy Crisis Poses Existential Threat to Europe’s Industry

European industries are struggling to stay competitive amid soaring energy costs.