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South Africa

South Africa’s Eskom to Implement ‘Stage 4’ Power Cuts From Sunday Noon

South Africa's Eskom will implement "Stage 4 power" cuts from noon on Sunday until early Monday morning.

Oil Price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

Oil Refinery

Exxon Shares Surge to Record High on Strong Earnings Outlook

Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…

Carbon Emissions

Global Climate Disclosures to Cover Full Gamut of Carbon Emissions

Planned new global corporate sustainability disclosures will include the full range of carbon emissions, but with 'relief provisions' on measuring greenhouse g…

Energy Transition

S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources

South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…

Carbon Emissions

Deutsche Bank Sets 2030 Targets to Cut Emissions Tied to Loans

Deutsche Bank on Friday said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of tar…

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

Electricity Transmission

EIB Invests Nearly Half a Billion Euros in Major German Grid Expansion Plan

The European Investment Bank (EIB) is providing Dutch-German TSO TenneT with a loan of €450 million ($440 million) for the construction of a 185km electricity …

Nuclear Reactor

Key Milestone Achieved in Development of Molten Chloride Fast Reactors

Georgia-based utility Southern Company and nuclear reactor design firm TerraPower have installed a test facility at TerraPower’s laboratory in Everett, Washing…

LNG

World’s First Emissions-Reducing Integrated Hybrid Drive System for an LNG Plant

​Northeast Energy Center (NEC) and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being bui…

Net Zero Emission

Zero-Emission Transport a Step Closer Thanks to New UCL-HORIBA Partnership at UCL East

A new HORIBA Chair will work with industry and academia to champion and develop new propulsion technologies, creating the next generation of battery and fuel ce…

Wind Turbine

Siemens Gamesa Seals Deal to Supply Finland With 105 MW of Wind Power

Siemens Gamesa selected by Energiequelle for first wind farm together in Finland.

Oil Refinery

Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal

Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.

Natural Gas

EU Leaders to Keep Studying Gas Price Caps

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early ho…

Oil&Gas Drilling

Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History

New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in th…