Eu

Hydrogen Project

Iberdrola Boss Pledges €3BN to Fuel Europe’s Green Hydrogen Economy

Ignacio Galán, chairman of Spanish energy giant Iberdrola, has announced at the World Economic Forum in Davos that the company will invest €3 billion ($3.2 bi…

Natural Gas

British Regulator Poised to Approve Shell North Sea Gas Project

A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on env…

Saudi Aramco Shows Interest in Buying Valvoline’s Commercial Unit

Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with …

United States

TotalEnergies to Buy Stake in US Renewables Firm Clearway Energy

TotalEnergies SE said it will acquire a stake in a large US renewables developer, another move by the European energy giant to expand its footprint in the Ameri…

Electric Car

IEA: ‘Global Ev Sales Continue to Soar This Year’

Nearly two million EVs were sold in the first three months of the year, according to a new report

Natural Gas

Burning Gas to Produce Electricity Is ‘Stupid,’ the CEO of Power Giant Enel Says

In Francesco Starace’s opinion, change is coming to Europe, where the EU has said it wants to be carbon neutral by 2050.

Natural Gas

Spain Paints Itself as the Answer to Europe’s Russian Energy Problem

Spanish Prime Minister Pedro Sanchez has said his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies from R…

Natural Gas

Could Hydrogen Ease Germany’s Reliance on Russian Gas?

The war in Ukraine has upended Germany's energy policy. The nation currently buys around 25% of its oil and 40% of its gas from Russia, contributing billions of…

Russian Federation

Gazprom Says Gas Transit via Ukraine Continues, up From Monday

Russian gas producer Gazprom (GAZP.MM) said it continues to supply gas to Europe through Ukraine via the Sudzha entry point.

LNG

EU Plans First Joint Gas Buying Before Winter

The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil…

Net Zero Emission

Ease: ‘Lack of a Dedicated Storage Strategy Is a Missed Opportunity’

While the European Association for Storage of Energy (EASE) welcomes the provisions that aim at developing energy storage – as stated by REPowerEU – it bemoan…

Wind Turbine

Wind Turbine Suppliers See Record Year for Deliveries Despite Supply Chain and Market Pressures

30 wind turbine manufacturers installed 104.7 GW of new wind power capacity in 2021 despite continuing disruptions caused by the COVID-19 pandemic and increasin…

Electric Car

Global Electric Car Sales Surge in 2022 on Strong Government Policies, IEA Says

China, Europe and the US drive most of the growth in the first quarter, IEA says.

Carbon Emissions

Tesla Investor Streur Says Carmaker Still Believes in ESG

Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a "scam" last week but one sustainable investin…

Norway

Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets

Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producin…