Ces

OPEC

OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement

OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom

Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…

Smart Meter

Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study

The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…

Natural Gas

Japan Should Consider Alternative Power Sources to Avoid Supply Shortage: Fitch

Natural gas holds the largest share in the country’s power mix.

Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results

Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…

OPEC

OPEC+ May Keep Production Quota Unchanged at Next Week’s Meeting

The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources t…

Solar Power Panel

ENERPARC Refinances 315 MW Solar Portfolio

ENERPARC, Commerzbank, and Landesbank Baden-Württemberg have concluded one of the largest German transactions to refinance a 315 MW photovoltaic (PV) portfolio…

Nuclear Reactor

Canada’s National Nuclear Lab Backs Fuel Development for Arc Fast Reactor

Canadian Nuclear Laboratories and ARC Clean Energy Canada have agreed to collaborate on a two-year joint project to “deliver a technology demonstration for the…

Energy Storage Battery

Northvolt Turns to Trees With Wood-Based Batteries

Volkswagen-backed battery developer Northvolt and Stora Enso are joining forces to create sustainable batteries using lignin-based hard carbon produced with woo…

Shell Reports Record Profit of $11.5 Billion

Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.

Hydrogen Fuel Cell

Will Hydrogen Cars Replace Electric Cars?

The demand for clean power sources in vehicle-related technology is increasing daily due to harmful effects caused by toxic emissions from internal combustion e…

Natural Gas

EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms

Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices

Net Zero Emission

Canada Advances Rules to Reach a Net-Zero-Emission Grid by 2035

The Canadian government published its proposed Frame for the Clean Electricity Regulations (CER), a follow-up to a discussion paper published in March.

Europe Needs Faster Renewables Growth Rate to Reach Climate Goals

Wind and solar energy deployment in the European Union is not proceeding fast enough to meet global climate goals due to a slow permitting process, a report by …

Oil Price

Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink

IMF slashes global GDP growth forecasts for this year, to 3.2%.