Eu

Oil Pipeline

All Parties Accelerate the East Mediterranean Gas Pipeline Project

The project is expected to cost 7 billion euros, with a natural gas transportation volume of 9-12 billion cubic meters per year.

Energy Storage Project

Northvolt To Build Europe’s Largest Factory For Energy Storage Solutions In Poland

Northvolt will invest $200 million in an energy storage systems gigafactory.

Thermal Plant

China’s Carbon Neutral Push Gathers Pace as Coal-Fired Power Plants Drop Below 50% for First Time

China is the world’s largest producer and consumer of coal, but it has committed to achieving carbon neutrality in 2060

Oil Exploration

Woodside to go Ahead with Myanmar Exploration Plans Regardless of Coup

Australian energy giant Woodside Petroleum believes that the military coup in Myanmar is just “a transitionary issue” and will not affect its offshore drillin…

LNG

Woodside Signs new LNG Supply Deal with Germany’s RWE

Australian independent Woodside Petroleum has signed a seven-year, 840,000 t/yr sales and purchase agreement to sell LNG to the energy trading unit of German ut…

Carbon Emissions

EU ‘on Track to Miss 2030 Emissions Target’

Wood Mackenzie has forecast the EU will fall short of achieving its 2030 emissions reduction target unless it accelerates wind and solar buildout.

China was EU's Largest Trade Partner in 2020

The EU's trade with the U.S. dropped significantly in 2020, with a 13.2-percent dip in imports and 8.2-percent in exports, Eurostat said.

Oil & Gas Trade

U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA

Throughout much of its history, the United States has imported more petroleum than it has exported.

Oil & Gas Trade

China Is Fueling The Global Crude Oil Demand Recovery

The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …

Carbon Neutral

Maersk Says it will Launch a Carbon Neutral Vessel by 2023, Seven Years Ahead of Schedule

Shipping giant Maersk said Wednesday it would launch a carbon-neutral vessel by 2023, seven years ahead of schedule, as it attempts to reduce its environmental …

Carbon Neutral

3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality

"As we grow 3M, we will lead in environmental stewardship, social equity and justice, and corporate governance," said 3M chairman and CEO Mike Roman.

Crude Oil

India Urges OPEC+ to Ease Production Cuts

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…

Energy Storage Project

Spain Targets 20GW of Energy Storage by 2030 As Part of New Strategy

Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it m…

Hydrogen Project

Paris Airports Could be Transformed into Hydrogen Hubs

Airbus, Air France-KLM, Paris Region and Groupe ADP want to transform Paris airports into hydrogen hubs to support the European Commission’s goal for zero-emis…

Nuclear Reactor

Construction Licence Issued for Russia's BREST Reactor

It will be the world's first experimental demonstration power unit featuring a lead-cooled fast neutron reactor.