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Crude Oil

UK’s Market-Defying North Sea Oil IPO Falls Flat

After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …

Ammonia

ABS Green-Lights Cosco’s Ammonia-Fueled Vessel Design

COSCO Shipping Heavy Industry Co. and COSCO Shipping Heavy Industry Technology have won two approvals in principle from ABS classification society for their amm…

Mauritania

Bp and Mauritania to Explore Green Hydrogen at Scale

bp has signed a memorandum of understanding (MoU) with the Government of Mauritania.

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.

Crude Oil

EIA Cuts World Oil Demand Growth for 2023

The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…

Hydrogen Production

Fortescue Metals to Help Develop Green Fertiliser Supply Chain in Kenya

Australia's Fortescue Metals Group said on Tuesday its green energy unit will help fast-track the development of an affordable green fertiliser supply chain in …

Australia

ACEN Australia Greenlights Stubbo Solar Project

The 400MW project will produce enough clean energy to power 185,000 households.

UN Chief: ‘the Answer Is in Our Hands’

During his speech at COP27, António Guterres said that “we are losing the fight of our lives” against climate change.

SMR

Fortum and MIT Launch SMR Cost Estimation Tool

Finnish energy company Fortum has collaborated with MIT to launch a Nuclear Cost Estimation Tool (NCET) that enables more precise cost estimation and risk asses…

Hydrogen Technology

Shell and GE Gas Power Pursue LNG Decarbonisation Path Using Hydrogen

GE Gas Power and Shell Global Solutions have signed a development agreement to pursue potential pathways to reduce the carbon intensity of Shell’s liquefied n…

LNG

Canadian LNG Exports to Asia Could Cut Emissions by the Equivalent of Removing All Vehicles From Canadian Roads, New Study Shows

Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads.

Carbon Emissions

Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince

Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…

Smart Meter

Flexibility Service Pays UK Smart Meter Homes to Reduce Energy Use

National Grid ESO is running a demand flexibility service this Winter where UK energy consumers with smart meters will be paid to reduce their consumption.

Nuclear Power Plant

Czech Govt Proposal for Revenue Cap on Power Producers Hits Nuclear Hardest

The Czech industry ministry has proposed a cap on power producers' revenue ranging from 70 to 230 euros per megawatt hour, depending on the source.

Carbon Emissions

DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…