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Crude Oil

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …

South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

Net Zero Emission

COP27: France, Spain Latest to Pledge Halt to Gasoline-Driven Vehicle Sales

France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to a…

Switzerland

Switzerland Can Save 4M Tonnes of Carbon Each Year

A partnership has been signed to decarbonise waste-to-energy plants in Switzerland.

Carbon Neutral

EU Reaches Deal to Increase Carbon Removals From Land Use, Forestry and Agriculture

The agreement boosts the EU’s target for net carbon removals by natural sinks to 310m tonnes of CO2 equivalent by 2030.

Hydrogen Project

COP27: Egypt and Norway to Build 100MW Green Hydrogen Plant

Plant will be built in Egypt’s Ain Sokhna region, on the Red Sea coast, and will be implemented in cooperation with Scatec, the Norwegian energy giant.

Solar Materials

51% Of Global Jinkosolar Facilities Powered by Clean Energy

Chinese solar module manufacturer JinkoSolar says it aims to have 60% of its global facilities powered by clean renewable energy by end of 2023.

Hydrogen Project

Egypt Exceeds Expectations With $83BN in Green Energy Deals at COP27

Suez Canal Economic Zone finalises nine agreements with international companies.

Hydrogen Project

UAE's AMEA Power Signs Agreement to Set up Green Hydrogen Project in Egypt

'Advanced discussions' with several companies to secure a long-term buyer for green ammonia.

Fish Friendly Hydro: Natel Energy Is Proving It’s Possible

Hydropower projects frequently face resistance from environmental groups for a variety of reasons. One of the more common objections to hydro is the high turbin…

Hydropower Plant

New Report Highlights Australia’s Massive Potential for Pumped Hydro

Researchers from The Australian National University (ANU) have released a detailed study outlining 1,500 additional locations across the country that could be u…

EU

EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’

The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…

Hydrogen Production

Egypt Signs Framework Deals in Bid to Launch Hydrogen Industry

Egypt signed eight framework agreements on Tuesday to develop green hydrogen and ammonia projects, saying it aimed to become a hub for hydrogen production and w…

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Energy Transition

COP27 Reignites the Debate About Carbon Credits

Some argue that a carbon credit scheme is an essential form of climate financing for developing countries, others argue that it could easily fall prey to green-…