Aps

OPEC

U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse

U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…

Smart Grid

Iberdrola Taps EIB for €220M Smart Grid Development

The European Investment Bank (EIB) and Iberdrola have agreed to increase the green loan signed in 2021 with a top up of €220 million ($215 million) to strength…

Oil Giant Shell Snaps up African Solar Provider Daystar Power

Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.

Oil Price

Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff

Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …

Natural Gas

Germany Considers Price Caps as Energy Crisis Worsens

Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices.

Natural Gas

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project

Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in…

EU

European Utilities Rally as EU Unveils Rescue Plan

Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…

Natural Gas

Russia to Close Nord Stream 1 Taps for Three Days

Gazprom has said the gas supply will be ceased due to a “three-day servicing” in a “preventive maintenance period”

Natural Gas

German Energy Market Would Collapse Without Gas Levy - Habeck

Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …

United States

Biden Weighs More Aggressive Steps on Climate

President Joe Biden is facing pressure to declare a "climate emergency" that could unlock new executive powers after the recent collapse of talks in the US Cong…

Cryptominer Taps Underutilised Nuclear Energy on Georgia Grid

EZ Blockchain specialised in using otherwise wasted energy for crypto mining is expanding its data centre capacity in West Point, Georgia, USA.

Canada Invests $8M Into 3D Vector Mapping to Expedite Net Zero Efforts

Ecopia AI has announced a funding partnership with Sustainable Development Technology Canada (SDTC) to support the creation of digital twins via high-precision …

Energy Transition

Terna Taps US Input to Support Its Energy Transition Drive

The Italian TSO Terna has joined the MIT Energy Initiative (MITEI) to advance research and develop solutions for the energy transition.

Net Zero Emission

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with "major credibility gaps" found among the world's l…

Solar Cell

Sweden Taps Solar Energy to Address Power Shortage

Solar is catching up with wind energy to fill part of the void left by two closed nuclear reactors