Ears

Nuclear Reactor

Belgium's Plans to Scrap Nuclear Energy Delayed by 10 Years Because of Russia-Ukraine War

Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, worried by the rise in energy prices caused by the Russian intervention in Ukraine…

Crude Oil

Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%

Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the thr…

Wind Power Project

Germany Has Turned the Corner on Onshore Wind Energy

The German Energy Regulator (Bundesnetzagentur) has announced the results of Germany’s latest onshore wind auction. After almost two years of undersubscribed a…

EV Market

Ontario Aims to Boost EV Industry as it Announces First Critical Minerals Strategy

As part of its five-year critical minerals strategy announced today, Ontario will invest C$24 million over three years in its Junior Exploration Program, half o…

Natural Gas

Petrobras Nears Agreement to Sell Bolivia-Brazil Gas Pipeline to EIG

EIG could pay between $500m and $1bn for Petrobras' stake in Transportadora Brasileira Gasoduto Bolivia-Brasil.

Coal Mine

Ohio Utility Says Two Coal Plants Could Close Next Year

An Ohio-based utility said it plans to deactivate or sell the remaining coal-fired units at two of its power plants in 2023, five years earlier than previously …

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.

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…

Oil Field

Bohai Sea Oilfield Output Exceeds 500 Million Tons

The Bohai Sea oilfield, China's largest crude oil base, had produced a cumulative total of oil equivalent exceeding 500 million tons as of Monday, after it has …

EU

EU Will Need Five Years to Ditch Russian Energy

Europe plans to phase out its dependency on Russian oil, gas and coal by 2027.

Rooftop PV System

Rooftop Solar Installations to Almost Double by 2025, Says Rystad

Rooftop solar photovoltaic (PV) installations are set to surge in the next three years, with total capacity reaching 94.7 gigawatts (GW) by 2025.

Electric Car

Ford to Ramp up EV Offering in Europe, Plans Major Battery Facility in Turkey

Ford Europe’s chair, Stuart Rowley, says “electrification represents the most transformative change in our industry in over 100 years.”

EV Technology

Interest in Electric Aircraft Grows as NASA Nears Test of X-57 Maxwell

NASA is planning its first crewed test flight of an all-electric plane, the X-57 Maxwell test aircraft, in the next few months as interest in electric aircraft …

Nuclear Power Plant

11 Years Later, Fate of Fukushima Nuclear Plant Cleanup Uncertain

Eleven years after the Fukushima Daiichi nuclear power plant was ravaged by a meltdown following a massive earthquake and tsunami, the plant now looks like a sp…