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Oil Shale

US Shale Still Finding Footing amid Market Chaos

US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…

Nuclear Power Plant

Finland’s Much-Delayed Nuclear Plant Starts Producing Power

The Olkiluoto 3 nuclear reactor, Finland’s first new nuclear plant in four decades, has recently started test production.

Coal Price

Coal Prices Rise to Record Levels on Russia Supply Fears.

Coal buyers are trying to lock up supplies amid fears that Russia could respond to sanctions by cutting off exports.

Crude Oil

Saudi Considering China’s Yuan for Oil Purchases

Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.

Carbon Emissions

EU Countries Support Plan for World-First Carbon Border Tariff

European Union countries on Tuesday backed the bloc's plan to impose a world-first carbon dioxide emissions tariff on imports of polluting goods.

Oil Exploration

Deep-Water Exploration Permits Attract Attention in Australia

Offers submitted for nine exploration blocks of which six are off the south-east coast

Gas power plant

Japan Cuts Thermal Power Capacity with Maintenance

Japan's thermal power generation capacity is expected to fall this week on the back of increased maintenance, in line with the arrival of spring weather across …

Natural Gas

After more than a Week, Gas is Still Leaking on the North Slope

Ten days after a natural gas leak was discovered at its Alpine oil development on Alaska’s North Slope, ConocoPhillips is still trying to identify the exact so…

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Offshore Wind Power

Mainstream Renewable, Aker Get 50% Stake in Floating Offshore Wind Project in Japan

​Mainstream Renewable Power and Aker Offshore Wind have completed a transaction, acquiring an initial 50% of an 800-megawatt floating offshore wind project in …

Crude Oil

Global Crude Oil Prices Extend Losses Ahead of Fed Meeting

Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.

Natural Gas

Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage

Russian producer was hoping for a much-needed boost in oil reserves within large licence block in Russian sector of the Caspian Sea

Natural Gas

Average US Gas Price Rises 22% in Two Weeks to Record $4.43

The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters) as Russia…

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Crude Oil

China's Jan-Feb Daily Crude Oil Throughput Falls to Lowest Since End-2020

China's daily oil processing rate dropped 1.1% in the first two months of 2022 from a year ago, to the lowest since December 2020, as independent refiners scale…