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Oil Price

ADNOC’s Murban Cude OSP Rises to $93.99/b for April as Market Tightens

Abu Dhabi National Oil Co. hiked the April official selling price for its flagship Murban crude oil by more than 10% from March, with Middle East crudes seeing …

Wind Farm

Vestas Halts Four Wind Farm Projects in Russia

Vestas will halt its four wind farm projects under development in Russia as consequence of Russia’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reporte…

Energy Storage Battery

EIA Sees Continued Sunny Skies for Solar and Energy Storage

Power plant developers and operators expect to add 85 GW of new generating capacity to the U.S. power grid from 2022 to 2023, according to data reported by the …

Oil & Gas Trade

US and Europe Discuss Plans to Ban Russian Oil Imports, Blinken Says

US Secretary of State Antony Blinken is in Europe to co-ordinate with allies against Russia's military offensive in Ukraine. APThe US and European partners …

Electric Car

U.S. Clean Energy Investments Topped $100b in 2021

A record-breaking $105 billion was invested into U.S. clean energy assets in 2021, according to market analysis.

Ukraine Crisis Has Rewired Thinking on Future of Energy for Europe

Effects of sanctions, informal bans, war disruption and Russian counter-measures risks supplies of fossil fuels, fertilisers, food, aluminium, metals used in ba…

Electric Car

Electric Vehicle Manufacturer Lucid to Build KSA Factory

Construction of electric vehicle manufacturer Lucid's production facility to begin in KSA in the first half of 2022.

Crude Oil

China Scrambles to Ensure Energy Security as Commodities Soar

China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy secu…

Hydrogen Technology

UAE and Austria Sign Pact to Deepen Partnership in Hydrogen Technology Development

Deal builds on Comprehensive Strategic Partnership signed by the two countries last July

Wind Power Project

U.S. Added Less New Wind Power in 2021 Than the Previous Year — Here’s Why

New wind installations fell in 2021 as the industry faced a series of challenges, including supply chain headwinds, logistics logjams and international trade ba…

Oil Field

Adnoc Awards $227m Contract for Enhanced Recovery at Bab Oilfield

The deal will help to boost recoverable reserves by up to 70% and will unlock additional barrels of Murban crude

Oil Price

OPEC Has No Control over Events Roiling Global Oil Markets

OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…

Offshore Wind Power

TerraSond Supports Vineyard Wind 1 Project

TerraSond, a product and service line brand in Acteon’s geo-services segment, plans to invest in a new base in Massachusetts, US, as part of its commitment to …

Natural Gas

EU Says Independence From Russian Gas Is Possible Within Years

The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief …

Nuclear Power Plant

Karachi 3 Begins Supplying Electricity

Unit 3 of the Karachi nuclear power plant in Pakistan has been connected to the electricity grid, becoming the fourth Hualong One reactor in the world - and the…