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Oil Price

Oil Prices to Remain Volatile as Russia-Ukraine Crisis Intensifies

Oil prices receded to below $100 a barrel at the end of trading on Friday after breaching the psychological level to reach prices not seen since 2014.

Australian Mining Billionaire to Invest $2.2 Bln in Renewable Energy Project

Australian iron ore magnate Andrew Forrest, who's been betting big on a global green revolution, said on Sunday he was investing A$3 billion ($2.2 billion) in r…

Electric Vehicle Charging

Siemens Unveils Easy-to-Deploy EV Charging Concept

Siemens Smart Infrastructure has unveiled a new sustainable, EV charging concept structure designed for electrifying fleets and high demand charging application…

United States

Progress on Iran Nuclear Deal, but Tough Issues Remain

Negotiators have made significant progress in the last week or so on reviving the 2015 Iran nuclear deal but very tough issues remain, a senior U.S. State Depar…

Natural Gas

Germany Halts Gas Pipeline, Predicts Russia Will Lose Other Energy Customers over Ukraine

Germany’s vice chancellor said Thursday that Russia’s attack on Ukraine is “completely illogical” and will backfire, causing western nations to stop buying …

Offshore Wind Power

U.S. Offshore Wind Auction Draws Record $4.37 Bln in Bids

The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from deve…

Energy Storage System

Battery Energy Storage Systems as Viable Transmission Assets

A new report from Guidehouse Insights explores the benefits of storage as a transmission asset (SATA) in power grid upgrades and provides an update on regulator…

Hydrogen Storage

Novel Hydrogen Storage to Be Piloted in UK

Australian hydrogen storage developer Carbon280’s Hydrilyte refueller is set to be trialled in a world first in UK.

Solar Developer Has Plan to Turn Oil Wells into Energy Storage

A California developer of concentrated solar power (CSP) systems has announced an innovation that it says combines the company’s technologies to turn existing …

Oil Exploration

Namibia: TotalEnergies Makes Significant Discovery In Offshore Block 2913B

TotalEnergies said Thursday it has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Bas…

Oil Exploration

Second Oil Discovery “on Trend” to Pancontinental Energy’s (ASX:PCL) PEL 87 License Area

TotalEnergies makes an oil discovery “on trend” from Pancontinental Energy’s (PCL) 75 per cent owned PEL 87 area in offshore Namibia

Energy Transition

CCC: New Oil and Gas Is Not the Best Protection Against High Prices

The CCC advocates a “tighter limit” on oil and gas production.

CCS

An Overview of Europe's Carbon Capture and Storage Developments

The EU made a target to be climate-neutral by 2050, including goals to cut 2030 net greenhouse gas emissions by a minimum of 55 percent compared to 1990.

Oil & Gas Trade

Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister

Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Uda…

Crude Oil

After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’

Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the…