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Oil Price

EIA Hikes Oil Price Forecast To $105 This Year

The Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO), significantly raising its February forecast of $82.87 after Rus…

Oil Exploration

PM of Barbados Defends Country’s Oil and Gas Exploration

Prime Minister Mia Mottley has defended Barbados’ plans to resume fossil fuel exploration off its coast, saying that developing nations deserved “equity” and…

Oil Exploration

ONGC Conducts Seismic Surveys in Tripura to Identify Oil Reserves

ONGC started drilling in Tripura back in 1962. The national oil and gas explorer was awarded acreages at Central Baramura, Aramura Bulge, Tichna and Khubal area…

Natural Gas

U.S. Natural Gas Little Changed as Rising Demand Offsets Global Price Drop

U.S. natural gas futures were little changed on Wednesday as forecasts for more U.S. heating demand next week slowed the U.S. market following a massive drop in…

Offshore Wind Power

Shell and ScottishPower in Offshore Wind Push

ScottishPower and Shell are to invest £75 million ($99 million) in infrastructure and facilities to support the growth of the offshore wind industry in Scotlan…

Oil & Gas Supply

European Oil and Gas Majors’ Exposure to Russia Is Limited

European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings …

Carbon Neutral

JD.com Builds China’s First Carbon-Neutral Intelligent Industrial Park

Chinese tech and e-commerce giant JD.com announced on Wednesday that its “Asia No.1” logistics park in Xi’an, Shaanxi Province, has obtained certificates for…

Oil & Gas Supply

OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia

The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for en…

Crude Oil

Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025

West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent …

India

India’s Place in the New Hydrogen World Order

Higher fossil fuel prices are making green hydrogen comparatively cheaper, which could accelerate India’s transition to the clean fuel.

Carbon Emissions

Fighting Climate Change with Carbon Capture and Utilization Technologies

Last month the Biden-Harris administration unveiled ambitious plans to reduce carbon emissions through clean manufacturing that include federal investments of m…

United States

Private Investment in California's Solar Energy Industry Increases Climate Vulnerabilities, Study Finds

Energy systems development is driven more by financial considerations than environmental ones, leaving customers more vulnerable to the effects of climate chang…

Electric Car

California Can Set Rules on Electric Vehicles, Emissions -U.S. EPA

The U.S. Environmental Protection Agency (EPA) on Wednesday restored California's ability to set its own zero-emission vehicle sales mandate and tailpipe emissi…

Investigating an Innovative Solution for Thermal Energy Storage

A PCM's ability to absorb and release energy has recently attracted more attention because of society's shift from fossil fuels towards renewable energy sources…

Coal Mine

Indonesia Coal Miners in Talks with Buyers Seeking Russian Alternatives

Indonesian coal miners are holding exploratory talks with buyers seeking alternatives to Russian coal, although some other countries may be better placed to sup…