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Wind Farm

Europe Invests €41Bn in New Wind Farms

UK tops list of 11 countries invested more than €1 billion in 2021 says report.

Oil Price

Shell Posts Record Profit on High Energy Prices and Trading Boost

Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…

Wind Farm

WindEurope: Europe Invested €41 Billion in New Wind Farms in 2021

WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41 billion…

Net Zero Emission

Bp to Invest £18 Billion in UK Energy System by 2030

bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to…

LNG

TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit

French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG…

Carbon Emissions

Canada Oil Industry Needs $51 Billion to Decarbonize

​Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increas…

Oman

H2 Industries to Develop $1.4Billion Waste-To-Hydrogen Plant in Oman

The 200,000-square-metre centre will initially convert up to 1 million tonnes of municipal solid waste each year.

Natural Gas

Germany's New Gas Storage Law - How Will It Work?

A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from…

CNOOC

China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels

Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Sh…

Carbon Emissions

U.S. to Grant $6.4 Billion Funding for Projects to Reduce Carbon Emissions

The U.S. Transportation Department said on Thursday it would award $6.4 billion over five years to states to fund projects to reduce greenhouse gas emissions.

Ammonia

Suez Canal Economic Zone Signs $3Billion Green Energy Deal

Agreement with a consortium including French company EDF Renewables will lead to nearly 350,000 tonnes of green fuel being produced annually for ships passing t…

Nuclear Power Plant

Biden Admin Launches $6 Billion Nuclear Power Credit Program

The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs as it seeks to stop t…

Natural Gas

Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA

The downward forecast is equivalent to 50 billion cubic meters of LNG.

Solar Power Plant

Top Google Exec Backs $1.3 Billion Investment in New Zealand Solar Power

A top Google executive is among investors backing a $1.3 billion planned investment in solar power in New Zealand.

Nuclear Power Plant

U.S. Is Set to Launch a $6 Billion Effort to Save Nuclear Plants

The Energy Department is expected to provide details on a $6 billion program aimed at keeping uneconomical nuclear plants in service.