Ces

LNG

U.S. Natural Gas Prices Drop After Explosion at Freeport LNG Terminal

An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue to f…

Oil Price

Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems

Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.

Solar Power Panel

Polysilicon Production Growth to Stabilise Solar Module Prices: Report

Total production is expected to reach 700,000 tonnes in 2022, globally.

Energy Transition

High Fuel Prices Could Erode Public Support for Energy Transition, Chevron CEO Says

Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down …

Germany

Germans Tackle Energy Crisis With €9-A-Month Transport Tickets

A new government scheme offers unlimited travel on all local and regional public transport

Energy Storage Battery

Zinc Batteries Power Stationary Energy Storage

As solar, wind and other renewable resources play a larger role on the power grid, renewables’ essential partner—energy storage—must keep pace to provide pow…

Electric Car

How Recycling Lithium-Ion Batteries Can Boost India’s EV Adoption

The battery accounts for about half the cost of an electric car and cheaper, more sustainable solutions can help to reduce prices

Energy Security

UK Energy Services Firm Wood Sells Consulting Unit for $1.9BN

Canada-based firm WSP has bought the business.

Crude Oil

Oil Jumps After Saudi Arabia Hikes Crude Prices

Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.

Oil & Gas Supply

Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports

Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…

New York Announces 2GW of New Solar and Energy Storage Projects

The projects – the state’s largest land-based renewable energy procurement to date – will deliver green electricity to power more than 620,000 homes for at l…

Oil Shale

ExxonMobil to Sell Shale Assets in Texas to BKV for $750M

The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.

Energy Storage Battery

Solar PV and Battery Energy Storage Project a First for Sub-Saharan Africa

The 20MW Golomoti Solar PV and Battery Energy Storage Project in Malawi has successfully entered commercial operations.

Electric Car

Xiaomi Invests in NEV Charging Services Firm KBVIP

Xiaomi‘s Hanxing Venture Capital has reportedly carried out investment to become the third-largest shareholder of KBVIP.

Net Zero Emission

COVID-19 Slows Progress Towards Global Energy Access, IEA Says

At the current rate of progress, 670 million people will remain without electricity in 2030.