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Crude Oil

Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…

Oil & Gas Supply

Europe’s Efforts to Shield Households From Soaring Energy Costs

Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…

Geothermal Power Plant

Enhanced Geothermal Energy System R&D Gets a Boost From DOE Money

The U.S. Department of Energy’s Frontier Observatory for Research in Geothermal Energy field laboratory announced up to $44 million for projects to develop and…

Oil Field

Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offs…

CCS

Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…

Natural Gas

Germany Hits 75% Gas in Storage Goal Ahead of Schedule

Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas Infrastructure Europe showe…

Natural Gas

Heatwave Sends European Gas Prices Higher

Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.

Natural Gas

German Households Will Foot the Bill for New Gas Tax

A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by the war in Ukraine is set to cost German families, who will have to fo…

Nuclear Power Plant

California Might Keep One Nuclear Plant Open

Anticipating electricity supply shortages well into 2026, California Governor Gavin Newsom has proposed allowing the state’s last-remaining nuclear power plant…

Wind Farm

Wind Energy in Brazil Has 22 GW and 9,294 Wind Turbines

In July 2022, wind energy in Brazil reached the mark of 22 gigawatts (GW) of installed capacity, enough to supply 28.8 million homes per month. This is equivale…

Energy Transition

American Clean Power Week 2022 Kicks Off

During a time of historic legislative action that will turbocharge the domestic clean power industry, the American Clean Power Association today kicked off Amer…

Wind Turbine

Optimizing the Energy Output of Wind Farms

Wind energy has provided society with basic power needs for centuries, from harnessing the wind to propel boats as early as 5000 BC to driving irrigation pumps …

Nuclear Technology

Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies

TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.

Electric Vehicle Battery

CATL Announces Second European Battery Plant in Hungary

CATL is to build a new battery plant in Hungary. €7.34bn plant will be built in Debrecen and will supply both cells and modules to European automakers

Hydropower Plant

Smart Tools to Enhance the Flexibility of Hydropower Turbines in the US

A team of GE Research engineers has been awarded a project through US Department of Energy’s Water Power Technologies Office to improve the operating capacity …