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France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
LNG
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Guyana
Exxon Makes More Oil and Gas Discoveries Offshore Guyana
U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…
Net Zero Emission
Saudi Aramco Unveils $1.5BN Sustainability Fund
It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.
Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels
Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…
NASA Instrument Detects Dozens of Methane Super-Emitters From Space
An orbital NASA instrument designed mainly to advance studies of airborne dust and its effects on climate change has proven adept at another key Earth-science f…
Europe’s Energy Crisis Heaps Pain on Heavy Industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…
Wind Turbine
Chinese Wind Turbines Fuel Thailand’s Green Transition
In Thailand’s northeastern Chaiyaphum province, several 120-meter-high wind turbines tower over picturesque hills while delivering clean energy into the local …
Britain’s Lightsource BP Races to Hook Solar Farms to Batteries
Lightsource BP aims to rapidly grow battery capacity at its solar farms around the world to reach 4 gigawatts (GW) by 2025 in order to store and supply power at…
Carbon Emissions
Apple Announces New Clean Energy Investments, Asks Suppliers to Decarbonize
Apple Inc said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations rela…
BlackRock Raises $4.5 Bln for Climate-Focused Infrastructure Fund
BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects.…
Electric Car
U.S., EU Launch Formal Group to Discuss Conflict Over EV Subsidies
U.S. and European Union officials will formally launch a task force next week to discuss new American laws that Europeans fear will discriminate against foreign…
Electric Vehicle Battery
France Enters ‘White Gold’ Rush as Top Producer Aims to Supply Europe With Lithium
The company is targeting 34,000 metric tons of lithium hydroxide production each year from 2028.
Electric Vehicle Battery
Hyundai Motor Considering Setting up Battery Joint Venture in the U.S.
Hyundai Motor Co. is considering establishing a joint venture battery plant in the United States.
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