Dec

Energy Investment

More Investment in Supply Side of Gas Need of the Hour: GECF

As the climate crisis threatens to provoke an energy crisis, the world should approach decarbonisation carefully to prevent artificial acceleration of ‘greenin…

Net Zero Emission

G20 Leaders Reaffirm Commitment to Paris Agreement

They reaffirmed their commitment to the Paris Agreement on climate change and vowed to cooperate to reach net-zero emissions by around 2050.

Energy Storage Battery

Hyundai Motor and Kia to Make Strategic Investments in U.S. Startup Factorial Energy

Hyundai Motor Co. and Kia Corp. have recently decided to make strategic investments in Factorial Energy, a U.S. battery startup, to jointly develop and produce …

Oil Price

Mideast Gulf Gasoline Premium at More Than Decade High

The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east…

Net Zero Emission

Ørsted Becomes the First Energy Company in the World with Long-Term Science-Based Net-Zero Target

The Science Based Targets initiative has launched the Net-Zero Standard as the world’s only framework and leading standard for aligning corporate net-zero targ…

Market Analysis

IAEA Modelling Shows High Natural Gas Prices Shift Optimal Hydrogen Production to Nuclear Energy

Nuclear energy will be the most cost-effective means of producing clean hydrogen when natural gas prices are well above the generally low levels seen over the l…

Oil Field

Shell Top Brass Remain Resolute in Support of Cambo Oilfield Development

Shell executives stressed the role of projects like Cambo in the UK energy mix, as the project partners await a decision on the controversial project.

Nuclear waste

Chernobyl Waste Facility Nears Operation

Final testing is underway at the facility which will receive, process and dispose of solid radioactive waste from the decommissioning of Chernobyl.

Coal-Fired Power Plants

Construction on Vietnam's Vung Ang 2 Coal Plant to Begin in December

Vietnam will begin construction on the controversial Vung Ang 2 coal-fired power plant this December, a company spokesman and local media said on Tuesday, as th…

Oil & Gas Trade

Asian LNG Traders Snap up U.S. Shale Gas

Asian liquefied natural gas traders are rushing to secure shipments from the U.S., where the fuel is among the cheapest in the world despite what’s turning int…

Carbon Neutral

Mitsubishi Power Supports El Paso Electric’s Decarbonisation Drive

Texas-based utility El Paso Electric has signed an agreement with Mitsubishi Power to develop renewable energy and storage projects that can contribute to the u…

Energy Security

Israel Declares Climate Change 'National Security' Issue

Israel's Prime Minister Naftali Bennett on Sunday declared the fight against climate change a "national security" priority and pledged to "facilitate" investmen…

Hydropower Plant

720MW Karot Hydro Project to be Completed by Dec

The Karot Hydropower Project is a 720MW run-of-river project is being constructed with the estimated cost of $1.74 billion, is likely to be completed by Decembe…

Net Zero Emission

Saudi Aramco Pledges to Reach Net-Zero Emissions by 2050

Saudi Aramco's target excludes emissions from customers burning its crude, but is a decade sooner than a government timetable for the kingdom

Net Zero Emission

Rio Tinto Outlines 6GW Australia Renewables Plan

Mining giant plans wind and solar investment to decarbonise iron ore and smelting operations