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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…

Natural Gas

Equinor Posts US$15bn Earnings on High Gas Prices

Equinor capitalised on high prices for gas and liquids by posting earnings of US$15bn and recording free cash flow of US$25bn in Q4 2021.

Oil Price

Big Oil Is Pumping out Cash as if $100 Oil Has Already Arrived

The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.

Oil Price

South Korea's Hyundai Oilbank to Supply 80,000 b/d Middle Distillates to Aramco Trading

South Korean oil refiner Hyundai Oilbank has agreed to provide Won 3 trillion ($2.5 billion) worth of refined oil products to oil giant Saudi Aramco's trading a…

Distributed energy

Australia Awards $451k to Boost Distributed Energy in Low Voltage Areas

The Australian Renewable Energy Agency (ARENA) has announced funding worth AUD$451,167 (£239,243) for a demonstration project to boost the use of home solar po…

CCS

Eni Signs up for Carbon Capture Deal

Oil major Eni UK has announced the signing of 19 Memorandums of Understanding (MoUs) with companies interested in having their emissions captured, transported a…

Energy Transition

RWE to Spend €15bn on German Decarbonisation Portfolio

German utility RWE has announced a plan to invest €15 billion ($17.1 billion) to expand its portfolio of green energy in a move to accelerate the energy transi…

France

France Remains Europe’s Biggest Power Exporter Despite Winter Imports

France maintained its position as the biggest net exporter of power in Europe in the second half of 2021, despite an extreme reliance on imports at the beginnin…

Hydrogen Project

DNV Launches Green Hydrogen Joint Industry Project

Together with 18 industry partners, DNV is launching a new Joint Industry Project to enhance the standardisation for reliable, safe, and cost-efficient hydrogen…

Hydropower Plant

Investments in Hydro Set to Increase in 2022 Says New Research

Hydropower capacity in 2022 is set to exceed 1200GW and investments will climb to $36.3 billion, new research from Rystad Energy has suggested, with hydro set t…

Offshore Wind Power

Norway to Launch 1.5 Gigawatt Offshore Wind Tender

Norway will launch later this year its first tender for bottom-fixed offshore wind turbines in the southern North Sea, planning to develop 1.5 gigawatt of elect…

Siemens Reports “Solid Performance” for Gas and Power

Siemens announced its results for the first quarter of fiscal year 2022 that ended Dec. 31, 2021.

Oil Price

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.

Energy Storage Battery

Solar, Wind and Energy Storage Proposals for New South Wales Renewable Energy Zone Come Flooding in

The Australian state of New South Wales (NSW) has received proposals for more than 34GW of solar, wind and energy storage for its South-West Renewable Energy Zo…

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.