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Oil Price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

Coal Price

Whitehaven Coal Output Slumps 23% As Floods Sweep New South Wales

Whitehaven Coal said on Wednesday its first-quarter production dropped by almost a fourth as severe floods in New South Wales locked it out of its key Maules Cr…

Oil Refinery

Exxon Mobil Says French Refineries Could Take 2-3 Weeks to Fully Restart

Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart aft…

Nuclear Reactor

EDF’s St. Laurent 1 Reactor Returns to Network After Shutdown

EDF's 900 megawatt (MW) Saint Laurent 1 reactor in central France has returned to the network, an EDF spokesperson said in an email to Reuters.

Clean Energy Firms’ ESG Rating May Be ‘Downplayed’: Report

This calls for an improved ESG methodology.

Coal-Fired Power Plants

South African State Utility Reinstates Rolling Power Cuts from Monday

South African state utility Eskom said on Sunday it would resume rolling power cuts from Monday till Wednesday during night-time to attend to unplanned breakdow…

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

Oil Price

Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’

Crude prices have fallen in recent weeks on fears of a global economic slowdown.

Oil Price

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian

BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on th…

Natural Gas

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter

From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas…

Nuclear Power Plant

German Nuclear Power Plant to Shut Down After Reported Leak

As Germany desperately attempts to stave off a winter energy crisis, most recently seizing Rosneft refinery assets, a leak at a nuclear plant reported by the co…

Wind Power Project

Vestas Wins 43 MW Wind Project Order

In partnership with Mercury, Vestas has secured a 43 MW order for Kaiwera Downs wind farm in New Zealand.

Wind Power Project

SA Government Doubles Wind Energy Allocation for BW6

Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme’s (REIPPPP) request for proposals, which was released in early July, has …

Net Zero Emission

Toyota, Honda, Nissan Get Greenpeace Thumbs-Down for Decarbonisation Efforts

Japanese automakers Toyota Motor Corp, Honda Motor Co and Nissan Motor CO ranked at the bottom of a new Greenpeace study on 10 automakers' decarbonisation effor…