Eu

Oil Price

Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year

Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…

Renewable Energy

Capital Energy to Sell $1 Billion Renewable Energy Portfolio, Sources Say

Power-generating windmill turbines are pictured at a wind park in the Serra da Capelada, near Ferrol, Galicia, Spain April 13, 2023. REUTERS/Nacho Doce/File Pho…

Coal Trade

Global Coal Demand Set to Remain at Record Levels in 2023

Global coal consumption climbed to a new all-time high in 2022 and will stay near that record level this year as strong growth in Asia for both power generation…

Oil & Gas Trade

NPCC Lands $219M Adnoc Offshore Epc Project Contract

National Petroleum Construction Company (NPCC) has announced that it has received a letter of award from Abu Dhabi National Oil Company (Adnoc) Offshore for a c…

Oil&Gas Drilling

National Energy Master Plan For 2021-2030 Approved, Targeting 15-20% Renewables by 2030

It sets a target for total primary energy supply to reach 155 million tonnes of oil equivalent by 2030 and between 294 and 311 million tonnes by 2050. The total…

Photovoltaic （PV）

Irish IPP Power Capital Renewable Energy Secures €125 Million for 230MW of PV

The funding will go towards projects currently under construction. Image: Power Capital Renewable Energy.Irish solar independent power producer (IPP) Power Capi…

Energy Storage Project

New Zinc Batteries Take On Dunkelflauten & Dendrites, Too

Zinc batteries are beginning to crowd lithium-ion out of the energy storage picture, with green hydrogen also in play.More renewable energy is pouring into the …

Oil&Gas Drilling

US Drillers Cut Oil Rigs for Eighth Month in a Row, Baker Hughes Says

A drilling rig is seen in the Austin Chalk about two hours outside of Houston, Texas, U.S., May 10, 2018. REUTERS/Ernest ScheyderU.S. energy firms in July cut t…

Net Zero

EU to Squeeze Carbon Market Cap in 2024 as New Climate Policies Kick In

European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File PhotoBRUSSELS, July 28 (R…

Wind Farm

New Jersey Residents Challenge Orsted Offshore Wind Farm's $1 Billion Subsidy

Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado RuvicNew Jersey residents have …

Oil Pipeline

Venture Global LNG's Calcasieu Pass 2 Project Gets Final U.S. Environmental Nod

Venture Global LNG's proposed Calcasieu Pass 2 (CP2) project in Louisiana on Friday received the U.S. Federal Energy Regulatory Commission's (FERC) envi…

Hydrogen Fuel Vehicle

TECO 2030 Passenger Hydrogen Ferry Project Wins Horizon Europe Grant

The ferry is to be powered by TECO 2030 fuel cells.TECO 2030 (OSE: TECO, OTCQX: TECFF, ISIN: NO0010887516) and its partners have received €13.5 million ($1…

Energy Storage Project

EDP Renewables Acquires 50MW Bess Asset in Kent

EDP ventured into the EU solar market in 2021. Image: Pixabay.Wind and solar producer EDP Renewables (EDPR) will install its first standalone battery energy sto…

Offshore Wind Power

Acciona Energía Closed the First Half of 2023 With a Net Income of €405 Million (+3.9%).

ACCIONA Energía closed the first half of 2023 with a net income of €405 million (+3.9%). During the period, the company doubled its net investment c…

Solar Panel

Portuguese Solar Developer Gets $275 Million From EIG to Boost Capacity

Portugal' solar project developer Prosolia Energy said on Thursday it had received 250 million euros ($274.70 million) in financing from U.S.-based fund EIG…