Ea

Natural Gas

Group of Countries to Push EU for Gas Price Cap

A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen b…

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…

Net Zero Emission

Britain Launches Review of Plan to Reach Net Zero Climate Target

Britain's government on Monday launched a review of how the country plans to meet its climate target of net zero emissions by 2050.

Tesla Gigafactory Catches Fire in Germany

A major fire appears to have broken out at Tesla's Berlin recycling plant, prompting a local group of environmentalists who have been fighting the company to ca…

Carbon Emissions

Emirates Steel Arkan Teams up With Japanese Companies to Produce Low-Carbon Steel

Partners plan to build a ferrous raw material production facility in Abu Dhabi to meet growing demand for green steel

Natural Gas

Egypt’s Natural Gas Exports Value Increases 13-Fold in Eight Years

Country exported $8bn worth of natural and liquefied gas in the 2021-2022 fiscal year, compared with $600m in 2013-2014

Wind Power Project

Over 100 Wind Firms Call For ‘Dramatic Action’ to Scale up Re Transition

This comes ahead of the COP27 in November.

Coal-Fired Power Plants

Converting Coal Power Plants to Nuclear Gains Steam

A U.S. Department of Energy report identifies over 300 coal plants that could be swapped over

Oil Price

Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns

Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession.

Crude Oil

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil

Nuclear Power Plant

Jacobs to Support Refurbishment of UK Nuclear Research Labs

Engineering services company Jacobs was selected as lifecycle delivery partner to support infrastructure renewal projects at various facilities run by the UK’s…

Crude Oil

Brent Crude Slides Below $85 a Barrel as Dollar Surges

Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.

Oil Price

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol

The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…

Switzerland

Switzerland on Course for Mild Start to Winter, Easing Energy Supply Fears

Switzerland is on track for a mild start to the winter and above average temperatures could even stretch into February.

Hydrogen Project

UAE Strikes Deal With German Companies to Develop Hydrogen Strategy

The Emirates signs agreement with global engineering and advisory company GHD and applied research organisation Fraunhofer-Gesellschaft