Ces

LNG

LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed

Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in E…

Oil Price

Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM

Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…

LNG

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

High Energy Prices Force the World’s Largest Chemicals Company to Downsize

The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…

Crude Oil

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.

CCS

Babcock & Wilcox to Test Carbon Capture for Waste Coal and Biomass Project

US-based energy services company Babcock & Wilcox (B&W) was awarded a contract to study its carbon capture solution at a waste coal and biomass plant currently …

Offshore Wind Power

Ørsted Unveils Massive Offshore Wind Plan in Home Waters

Ørsted and Copenhagen Infrastructure Partners have joined forces to develop offshore wind

Britain’s Lightsource BP Races to Hook Solar Farms to Batteries

Lightsource BP aims to rapidly grow battery capacity at its solar farms around the world to reach 4 gigawatts (GW) by 2025 in order to store and supply power at…

Carbon Emissions

Apple Announces New Clean Energy Investments, Asks Suppliers to Decarbonize

Apple Inc said on Tuesday it would make fresh investments to set up solar and wind projects in Europe and called on its suppliers to decarbonize operations rela…

Oil Price

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…

Offshore Wind Power

Latest Developments in Wind Harvesting Technology

Wind energy is one of the most sustainable and environmentally friendly ways to generate electricity. This article will review recent advances in wind harvestin…

United Kingdom

New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis

Sunak faces a set of unique challenges including a cost-of-living crisis and an energy crisis.

Electric Vehicle Battery

Biden’s EV Minerals Cash Fruitless Without Permitting Reform

Washington's growing financial support for companies that produce metals used in electric vehicles will likely prove fruitless unless the federal government str…

Natural Gas

Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices

60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.…

Oil Price

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…