Bill

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.

United States

Washington Hydrogen Economy Gets a Boost from New Bipartisan Legislation

The Washington Green Hydrogen Alliance has praised the new bill for its spectrum of potential.

Oil & Gas Supply

Uganda’s Oil and Gas Prospects Expected to Improve in 2025

Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…

EU

EU Can Tap Geothermal Potential to Cut Russian Gas - EGEC

EGEC has calculated that the EU can reduce its use of Russian gas by 3 billion cubic metres (bcm) this year with the help of geothermal district heating and coo…

Africa Can Adopt Renewable Energy on a Massive Scale and Save Billions Along the Way

When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance.

Crude Oil

BP may Take $25 Billion Hit from Divestment from Russian Oil Company

BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…

Ukraine

Russia Could Destroy Nearly Half of Ukraine’s Renewables, Worth Nearly $6B

Almost half of Ukraine’s renewable energy facilities, which have a combined capacity of almost 4 gigawatts (GW) and worth of more than $5.6 billion, are in the…

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Australia

Australian Billionaires Put More Money into $15 Bln Solar Power Export Project

Australia’s two richest men joined a A$210 million ($152 million) capital raising for an ambitious project to supply Singapore with solar power via an undersea…