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OPEC
Opec Mulls Removing IEA as a Secondary Source
Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.
Joe Biden
Biden Will Give Remarks on Thursday on Efforts to Lower Gas Prices
President Joe Biden will give remarks on Thursday on his administration's actions to reduce gasoline prices in the United States.
Smart Grid
Gridspertise and Analog Devices to Collaborate on Smart Grid Techs
Enel subsidiary Gridspertise and Analog Devices are to develop new hardware and software products to advance the resiliency of smart grids.
Electricity Transmission
World Bank Approves $55 Million to Boost Energy Access in Djibouti
The $55 million Second Djibouti-Power System Interconnection Project has been approved by the World Bank’s Board of Executive Directors.
China
Chinese Geothermal Company Issues First Green Bond in Geothermal Sector
China-based geothermal heating giant Sinopec Green Energy Geothermal Development Co, Ltd have successfully issued a “Carbon Neutrality” green bond in Shanghai…
Oil Price
Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks
Oil prices climbed on Wednesday on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showe…
Germany
Putin Should Think About the Consequences of Asking for Energy Payments in Rubles, Germany Says
Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles.
Oil Price
Bank of England: ‘Historic’ Energy Shock Bigger than Any Year in the 1970s
Bank of England Governor Andrew Bailey has warned the shock to inflated-adjusted incomes in Britain as a result of rising energy prices will be larger than any …
LNG
U.S., German Officials to Meet this Week on LNG, Hydrogen Supplies
U.S. and German government officials will meet in Berlin this week with energy industry executives to discuss ways to boost Germany's energy supplies, as Russia…
Crude Oil
Ukraine Crisis: Why India Is Buying More Russian Oil
Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports fro…
Wind Farm
Ørsted Sells 50% Stake in 1.3GW Hornsea 2 Wind Farm
Ørsted has signed an agreement to divest a 50% ownership stake in the UK’s 1.3GW Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts and Créd…
Offshore Wind Power
UK Faces 60 Billion STG Wind Bill and Rising Energy Import Dependence Risk
Some 60 billion pounds is required if Britain is to achieve its goal of quadrupling its offshore wind power capacity to 40 gigawatts by 2030.
Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Nuclear Fusion
Nuclear Fusion: Inside the Construction of the World’s Largest Tokamak
How close are we to achieving reliable nuclear fusion? The ITER experiment in France aims to bring the process closer to reality.
Oil Price
Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
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