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Oil Shale

China's Major Shale Gas Field Records Output Growth in Q1

The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.…

Nord Stream 2

Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned

One of the early casualties of Russia’s invasion of Ukraine has been the Nord Stream 2 gas pipeline, a massive energy project that took several years to build …

Wind Turbine

Green Power Generation in Germany Rises Almost 25% in Q1

The generation of renewable electricity in Germany grew by nearly 25% to about 74.5 billion kWh in the first quarter of 2022 driven mainly by favourable weather…

Electric Vehicle Charging

BP Pulse to Invest $1.2 Billion into UK Electric Vehicle Charging

bp pulse, bp’s EV charging business, announced a £1 billion ($1.2 billion) investment into EV charging in the UK, which will be unfurled over the next decade.…

Offshore Wind Power

UK Faces 60 Billion STG Wind Bill and Rising Energy Import Dependence Risk

Some 60 billion pounds is required if Britain is to achieve its goal of quadrupling its offshore wind power capacity to 40 gigawatts by 2030.

Solar Cell

Solar Cells Market revenue to cross USD 37 Bn by 2028: Global Market Insights Inc.

The solar cells market size is expected to record a valuation of USD 37 billion by 2028, according to the most recent study by Global Market Insights Inc.

Energy Transition

AfDB Pledges $2.8bn Towards South Africa for Energy Transition

African Development Bank Group President Dr Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for t…

LNG

U.S. to Supply 15 bcm of Additional LNG to Europe in 2022

The United States will work to ensure it supplies 15 billion cubic metres (bcm) of liquified natural gas (LNG) to European Union markets this year, as Europe se…

Shell to Invest up to £25 Billion in UK Energy System over Next Decade

Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.

China

China's Annual Energy Production Capacity to Be 4.6 Bn MT Coal by 2025

China recently decided to raise its annual comprehensive energy production capacity to over 4.6 billion metric tonnes of standard coal by 2025.

Electric Car

LG Invests $1.4 Billion into First US Cylindrical Battery Plant

LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…

Smart Meter

Smart Electricity Meters Market to Surge to $15.2 Billion by 2026

A new market study by Global Industry Analysts Inc. (GIA) shows that the global market for smart electricity meters is expected to reach $15.2 billion by 2026.

Carbon Emissions

Global Carbon Dioxide Emissions at Historic Highest in 2021: IEA

Global energy-related carbon dioxide emissions rose by 6 per cent in 2021 to 36.3 billion tonnes, their highest ever, as the world economy rebounded strongly fr…

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

Oil & Gas Supply

Europe Can Survive Throughout Summer Without Russian Gas

If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.