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Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

Hydrogen Production

BP Is Betting Big on Green Hydrogen

UK supermajor BP sees low-carbon hydrogen as one of its key growth areas and is betting on green hydrogen to advance the energy transition and the decarbonizati…

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…

India

Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India

Once completed, it is expected to produce 1.163 million MWh of clean energy.

Solar Power Plant

Dubai’s Concentrated Solar Power Project Starts Supplying Electricity to the Grid

It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat.

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…

Natural Gas

Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion

Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…

Wind Power Project

EU Determined to Secure Its Wind Energy Industrial Base

The European Commission is launching “Clean Tech Europe”, a new platform to strengthen its value chains for clean energy.

Hydrogen Production

Recovering Hydrogen Fuel from Non-Recyclable Waste

Recovering hydrogen from waste generates clean fuel and helps deal with the growing amount of non-recyclable waste polluting our environment.

Nigeria

Nigeria Aims to End Imports of Petroleum Products Next Year

Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.

Energy Saving

Reduced French Energy Consumption Largely Owing to Mild Weather, Says Govt

Energy saving measures by households and businesses accounted for only a small amount of a reduction in French electricity consumption in November, most of whic…

Carbon Emissions

Heat Pumps Can Reduce Carbon Dioxide Emissions by 500 Million Tonnes by 2030, IEA Says

Additional annual investment of $160 billion until 2030 will be needed to meet global climate pledges.

SMR

How SMRs Can Aid Romania’s Energy Independence

Small modular reactors (SMRs) offer Romania a reliable, affordable, and clean energy source, writes Mihai Darie of Last Energy.

United States

U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group

U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.

Hydrogen Production

ACWA Power, Thai Energy Firms Partner for Hydrogen Projects Development

The facilities to be developed have an investment value of around $7b.