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Oil Price

‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel

Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.

Net Zero Emission

Clean Hydrogen Use Could Result in 15% Cut in GHG Emissions

Goldman Sachs research identifies clean hydrogen as a critical pillar in reaching net zero targets and could lead to 15% cut in greenhouse gas emissions.

Coal Mine

Coal Mines Transformed Society. Now, Their Flooded Remains Could Heat the Homes of the Future

The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, were huge.

Hassyan Power Plant Adds 1,200MW to Dubai’s Electric Grid

The production capacity of Hassyan power complex has reached 1,200 megawatts, according to the Dubai Electricity and Water Authority.

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…