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Business
Offshore Wind Power
UK Green Lights East Anglia Offshore Wind Projects
The UK’s Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, has granted development consent for the East Anglia ONE North and Eas…
Offshore Wind Power
Norway Setting Strategy for Offshore Wind
Offshore wind is big business in the North Sea, with dozens of wind power installations commissioned in the region over the past two decades.
Hydrogen Project
McDermott’s CB&I to Build Spheres for Green Hydrogen Production Facility
McDermott’s storage business, CB&I, will design and build two 500 000 gal. double-wall liquid hydrogen spheres for Plug Power Inc.’s new green hydrogen produc…
Offshore Wind Power
UK Looks to Triple Solar and More than Quadruple Offshore Wind Power
The UK’s Department for Business, Energy and Industrial Strategy is set to soon unveil targets to triple solar power capacity, quadruple offshore wind installa…
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.…
South Africa
Competitive Market for Electricity Generation Part of SA Reconstruction and Recovery Plan
As South Africa continues along the path of reconstruction and recovery, President Cyril Ramaphosa has called on investors, entrepreneurs and business people to…
Offshore Wind Power
ScottishPower and Shell Confirm Offshore Wind Funding
ScotWind partners ScottishPower and Shell are set to invest a total of £75 million to help the supply chain and businesses support the growth of the offshore w…
Electric Car
Ford Plans Seven Electric Models in Europe by 2024
Ford has created a new global business unit – Ford Model e – focused on the design, production, and distribution of electric and connected vehiclesAutomotive …
Energy Transition
Eni Sells 49% of Its Business Enipower
Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.
Offshore Wind Power
GE Exec Expects Rebound for Renewables
The leader of General Electric’s (GE’s) global energy business said the company expects its power and renewable energy units should be profitable in 2023, and…
United Kingdom
UK Steel Firms Suspend Imports of Russian Coal
Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday.The decision follows sustained pressure from…
Oil Price
Petrol Prices to ‘Keep Climbing’
Sky News business reporter Edward Boyd says US inflation has hit a 40 year high, with fuel prices up 38 per cent.
Crude Oil
US Shale Investors Worry over Impact of Output Jump
US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod…
Energy Transition
Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…
Electric Car
Why Ford’s Big EV Split Decision May Get Even Bigger in the Future
Ford’s move says the EV business, while promising, isn’t ready for independence, and some on Wall Street agree.
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