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Oil Price

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.

Geothermal Power Plant

Geothermal Power Needs Policy Boost to Stay on the Net-Zero Track

Its annual capacity additions averaged only 500MW annually in the last five years.

Hydrogen Fuel Cell Vehicle

212 Hydrogen Fuel Cell Buses to Serve at the 2022 Winter Olympic

With the 2022 Winter Olympics heading to Beijing, China, hydrogen will play a significant role in ensuring a smooth operation of the event in addition to reduci…

Electricity Transmission

France Power Imports Fall in January

France kept its position of net power importer for the third consecutive month, despite being traditionally a net power exporter, but flows declined on the mont…

Oil & Gas Trade

Algeria-Morocco Dispute Hits LPG Trade

A diplomatic breakdown between Algeria and Morocco has disrupted traditional LPG trading flows, with the former looking east to sell and the latter looking west…

Market Analysis

Renewable Energy to Meet Over 70 per cent of China’s Additional Power Needs in Next Three Years, Says IEA

Even as state subsidies are being phased out, the rapid growth of onshore wind and solar farm installations is expected to continue

EV Market

Soaring Lithium Prices Become Major Headache For EV Makers

With lithium prices already trading at a record high in Asia, there is no sign that the rally in this much-sought-after commodity will come to an end this year

Oil Refinery

Saudi Aramco Buys Stake In Refinery In Russia’s Backyard

Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refiner…

Wind Power Project

Eolus and Hydro REIN Partnership to Develop Wind Power

All conditions for the partnership agreement have been fulfilled and payment has occurred.

Natural Gas

Go Fuel Retail Additional Expansion Approved

Oil & Gas Regulatory Authority has granted permission to Gas & Oil Pakistan Limited to operate additional fuel storage facility as well as expand fuel retail ne…

Oil Exploration

Eni Wins Five New Exploration Licences in Egypt

Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – …

Wind Farm

Eolus Partners on 672MW Swedish Wind

All conditions have been fulfilled for Hydro REIN to take 50% stakes in nine projects

Oil Exploration

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery

In addition, COPL provides an operational update on its Barron Flats Shannon Field production.

EU

EU Green Finance Rules to Include Nuclear and Gas Projects

A draft of the bloc’s green finance taxonomy sets out conditions for projects to receive transition funds.

Energy Storage Technology

RNESL to Acquire UK’s Battery Technology Firm Faradion

RNESL has also agreed to invest $33m in Faradion as growth capital to expedite commercial roll out.