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Crude Oil

Argentina Agrees Fuel Price Rise Caps with Firms, Pledges FX Access

Argentina on Monday reached an agreement with major oil firms operating in the country to put a cap on fuel price increases in a bid to keep costs at the pump d…

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…

Brazil

Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan

Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestm…

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

SMR

UK to Unveil Plans to Push Ahead with SMRs

The government has ambitions to triple UK’s nuclear power generation

Hydrogen Production

ACWA Power, PTT, and EGAT Support Thailand Through Use of Green Hydrogen

ACWA Power, PTT, and EGAT have signed a landmark MoU with a view to embarking on green hydrogen and derivatives projects that meet the Southeast Asia country’s…

Natural Gas

Ofgem’s Market Reform Proposals Criticised by British Gas Owner

Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”

Energy Saving

UK Government Unveils £1bn ECO+ Energy Efficiency Scheme

It will extend support to those who currently do not benefit from any other government support to upgrade their homes, targeting the least energy efficient home…

Italy

Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows

Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…

China

China’s Solar and Wind Power Capacity Continues to Expand

China’s installed capacity of renewable energy has sustained growth momentum since the beginning of this year amid the country’s pursuit of green development.…

Wind Farm

Spain's Acciona to Build $1.3 Bln Wind Farm in Australia in Expansion Drive

Spain's Acciona SA announced plans on Monday to build a wind farm worth A$2 billion ($1.34 billion) in Australia, nearly doubling its investment and generation …

Energy Transition

COP27 Climate Summit Missed Chance for Ambition on Fossil Fuels, Critics Say

Fossil fuel producers benefited from sympathetic treatment in Egypt at the COP27 climate talks, government officials said, bringing their influence to bear in r…

Solar Technology

EU Continues to Be at the Forefront of Clean Energy Research

The rapid development and deployment of home-grown clean energy technologies in the EU is key to the response to the current energy crisis, the European Commiss…

Hydrogen Production

What Are the Future Prospects of the Green Hydrogen Market?

Hydrogen’s vast reserves make it an attractive option amid increased demand for renewables to meet its stated decarbonization targets.

Solar Cell

'Simple' Tweak to Perovskite Solar Cells Could Boost Renewable Energy Generation

A 'simple' tweak to perovskite solar cells during the fabrication stage could help to unlock the untold potential of the renewable energy source, claims researc…