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Oil & Gas Trade

Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…

India

US, India Launch Task Forces on Hydrogen, Biofuels to Decarbonize Energy Sector

The US and India are both committed to promoting a successful outcome at the 26th UN Climate Change Conference in Glasgow later this year

India

India Makes Clean Energy Commitments at UN Summit

it announced to begin a Production Linked Incentive Scheme to add 10 GW solar PV manufacturing capacity by 2025.

Hydrogen Project

Minesto Awarded Funding by Swedish Energy Agency

The Swedish Energy Agency has awarded Minesto a SEK5.8 million grant to the ongoing commercialisation of Minesto’s ground-breaking Deep Green technology.

Net Zero Emission

Sri Lanka to Cease Building Coal-Fired Plants, Aims to be Net-Zero Emitter by 2050

Renewable energy sources such as wind and solar, and small and large hydro power plants together account for half of the island nation's installed electricity c…

Electric Vehicle Battery

Mercedes-Benz Joins European EV Battery Joint Venture

Luxury automaker Mercedes-Benz is teaming up with Stellantis and TotalEnergies in a European electric vehicle battery joint venture, Automotive Cells Co.

Oil Price

Oil Price Hits Highest in Almost Three Years As Supply Tightens

Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.

Battery Recycling

Ford Invests in Electric Vehicle Battery Recycling Company

The Dearborn, Michigan, automaker will invest in Redwood Materials, a Nevada-based company founded by former Tesla executive JB Straubel

Coal-Fired Power Plants

China’s Pledge to End Building Coal Plants Abroad Improves Belt and Road’s Reputation, Development Bank Says

Coal projects were a consistent feature of the BRI in the last years.

Wind Turbine

'MingYang Plans Factory in Germany'

Facility would produce turbines totalling at least 1GW each year

Oil & Gas Supply

Norway's August Oil Output Beats Forecast, Gas Lags

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…

Oil Price

Demand Recovery Leaves $100/bl Oil on Track

Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…

Hydrogen Production

Offshore Hydrogen Production gets a Boost with New Partnership

Offshore engineering company Aquaterra Energy has partnered with green hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to de…

Hydrogen Project

Petrofac, Protium Team up to Deliver Green Hydrogen Projects

Clients will benefit from the ‘expedited delivery’ of schemes that are ‘both innovative and bespoke’

Thermal Plant

PowerChina Plans to Enter European Green Energy Market via Serbia

Power Construction Corporation of China, one of the world’s largest companies by revenue, wants its first European renewable energy investment to be realized i…