Bill

Energy Transition

G7 Makes New $15 Billion Offer to Vietnam to Cut Coal Use -Sources

The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transit…

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…

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…

Natural Gas

Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion

Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…

Electric Car

UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity

Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…

Natural Gas

Shell to Acquire Nature Energy

Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sa…

Carbon Emissions

Heat Pumps Can Reduce Carbon Dioxide Emissions by 500 Million Tonnes by 2030, IEA Says

Additional annual investment of $160 billion until 2030 will be needed to meet global climate pledges.

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…