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Crude Oil

Exxon to Exit Equatorial Guinea Amid Wider Africa Crude Phaseout

Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to t…

Energy Investment

Italy’s A2A Scales Down Investments to 16 Bln Euros by 2030 to Cut Carbon Footprint

Italy's largest regional utility A2A on Tuesday scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the …

Net Zero Emission

IEA Calls to End New Coal as Climate Change Threats Rise

A new IEA special report provides an analysis of what it would take to bring down global coal emissions rapidly enough to meet international climate goals.

Mexico

Mexico's Pemex to Work With EPA to Bring Down Methane Emissions

Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions - especi…

Electric Car

Indonesia Doubles Down With Downstream EV Push

Indonesia’s state-owned electric utility PT PLN (Persero) has announced extensive infrastructure rollout to accelerate the country’s EV uptake and use.

Carbon Emissions

U.S. and EU to Crack down on Fossil Fuel Sector’s Methane Emissions

The United States and the European Union will unveil an agreement targeting methane emissions within the fossil fuel industry.

OPEC

Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show

Iraq produced 4.651 million barrels per day (bpd) of crude in October, down by 11,000 bpd from September.

Nuclear Power Plant

France Headed for Winter Blackouts as EDF Cuts Nuclear Output Forecast

France is staring down a serious risk of blackouts this winter, with French utility EDF lowering its nuclear power output forecast for this year to 275-285 tera…

United Kingdom

Rishi Sunak Could Still Be at COP27

Downing Street has said his position of not being at the climate summit is “under review”

Wind Turbine

Wind Turbine Orders in Europe Show Downward Trend – Urgent Policy Support Needed

Wind turbine orders in the third quarter of 2022 fell by 36% compared with Q3 in 2021.

Coal-Fired Power Plants

US Sees Decline in Coal-Fired Generation After 2021 Surge – Report

US coal-fired generation will be down 6% in 2022 compared to 2021, according to the latest Short-Term Energy Outlook from the US Energy Information Administrati…

Natural Gas

Europe’s Gas Use Down in September as High Prices Hit Industry

Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were …

High Energy Prices Force the World’s Largest Chemicals Company to Downsize

The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…

Carbon Emissions

US Crackdown on Climate ‘Super-Pollutants’

The US Environmental Protection Agency announced additional actions to phase down hydrofluorocarbons.

Natural Gas

Uniper Shuts Down 50% Of Headquarters to Save Gas

German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.