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Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA

It reached $560b this year.

Which ASEAN Countries Are the Most Energy-Intensive

A total of seven countries in the Association of Southeast Asian Nations (ASEAN) region are less intensive than the world average, but three are above, led by B…

Natural Gas

European Gas Consumption Is 24% Below the Five-Year Average

Europe’s natural gas demand in November fell by nearly a quarter compared to the five-year average for the month.

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

Hydrogen Production

BP Is Betting Big on Green Hydrogen

UK supermajor BP sees low-carbon hydrogen as one of its key growth areas and is betting on green hydrogen to advance the energy transition and the decarbonizati…

Geothermal Power Plant

Mitsubishi Power Will Build New Geothermal for Indonesia

Mitsubishi Power is expanding its geothermal infrastructure in Indonesia.

Crude Oil

Price Cap on Russian Oil Comes Into Effect

The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…

EU

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Crude Oil

Poland Approves $60 G7 Oil Price Cap

Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…

India

Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India

Once completed, it is expected to produce 1.163 million MWh of clean energy.

Energy Storage Battery

Major Energy Players Seal Big Deals for Renewables

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…

Nuclear Power Plant

Nuclear Power Is Finally Poised to Ramp up Again in Japan

The Japanese have been hesitant to re-embrace nuclear power following the triple reactor meltdowns at the Fukushima Daiichi plant in 2011, but there are indicat…

Energy Storage Battery

China May Need 4,300GW Storage Capacity by 2050: Report

This is to help back up renewables’ intermittency.