Ces

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.

United States

Why Gas Prices Have Soared in America

Why gas prices are high even though the U.S. doesn't depend on Russia for oil?

Ukraine

Ukraine Impact on Energy Prices to Force UK Slowdown

Britain’s economic growth is expected to slow down as the Ukraine conflict raises the cost of energy and commodity prices.

Oil Price

IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'

The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi…