Bill

United States

U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group

U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.

LNG

Europe to Raise LNG Import Capacity Significantly Through 2024

The EU and the UK are expected to raise their combined LNG import capacity by 34%, or by 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021.

EDF Signs for Additional 2 Billion Euros of Loans

Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

Wind Farm

Spain's Acciona to Build $1.3 Bln Wind Farm in Australia in Expansion Drive

Spain's Acciona SA announced plans on Monday to build a wind farm worth A$2 billion ($1.34 billion) in Australia, nearly doubling its investment and generation …

Hydrogen Production

Green Hydrogen Is Not a Silver Bullet Solution

In the United States, the Department of Energy is doling out billions of dollars in federal funding to create up to 10 “hydrogen hubs”.

Crude Oil

Nigeria’s Oil Industry Can Flourish Despite Oil Theft

A recent report from NEITI revealed that the Nigerian government had earned $741.48 billion from oil and gas between 1999 and 2020.

Oil Field

Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…

Net Zero Emission

ANZ Earmarks $67 Bln to Accelerate Net Zero Transition

Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030,…

LNG

Argentina Government to Send LNG Bill to Congress in Coming Months

Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming…

Canada

Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…

Nuclear Reactor

EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos

A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion…

United Kingdom

UK’s Ofgem Says Household Energy Bills to Rise to Nearly $5,200/Year

British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to 4,279 pounds ($5,170.74) a year from January to …

Green Hydrogen Export Opportunities in Africa Show Endless Promise

Africa could capture as much as 10% of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as $120 billion to the cont…

Electric Car

Mazda Unveils $11 Bln EV Spending Plan, Considers Investing in Battery Production

Japan's Mazda Motor Corp on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery produ…