Economy

Hydrogen Production

Dutch and German Cooperation in Hydrogen Production From Offshore Wind

Cooperation between the Netherlands and Germany to develop a common hydrogen market boosts opportunities for realising a decarbonised regional economy, the Hy3 …

Coal-Fired Power Plants

Australia’s Coal Conundrum: Economy, Climate at Odds

Coal has long been a lifeblood for Australia. The country is the world’s largest exporter of metallurgical coal used to make steel, and it’s the second-larges…

Aker Solutions Buys Hydropower Technology Provider Rainpower

Aker Solutions ASA said Wednesday that it has agreed to acquire Rainpower Holding AS, a technology provider to the hydropower industry, for up to 150 million No…

Energy Transition

Fueling a Cleaner Future with a Hydrogen-First Economy

Today, hydrogen is experiencing unprecedented demand. Its potential to become a key facilitator of a global transition to a net-zero emission economy, and provi…

Crude Oil

China's Sinopec Plans Its Biggest Capital Expenditure in History

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…

Shell to Invest up to £25 Billion in UK Energy System over Next Decade

Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.

Electric Car

LG Invests $1.4 Billion into First US Cylindrical Battery Plant

LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…

Offshore Wind Power

Aker Offshore Wind and Mainstream Renewable Power Complete Offshore Wind Transaction

Aker Offshore Wind and Mainstream Renewable Power (Mainstream) have closed the transaction which will see the company take an initial 50% ownership stake in Pro…

Carbon Emissions

Global Carbon Dioxide Emissions at Historic Highest in 2021: IEA

Global energy-related carbon dioxide emissions rose by 6 per cent in 2021 to 36.3 billion tonnes, their highest ever, as the world economy rebounded strongly fr…

United Kingdom

UK Falling Behind Germany and South Korea in Its Plans to Increase Low-Carbon Hydrogen and Reach Net Zero

Research conducted by Cornwall Insight into countries that have branded themselves as potential leaders in the new hydrogen economy, has seen the UK rank 5th ou…

Australia

Bids Called for Exploration Blocks in Western Australia

The state government in Western Australia has invited bids for one offshore exploration block and seven onshore permits in the Carnarvon and Amadeus basins.

Oil Price

Oil Approaches $120 as EU Considers Ban on Russian Crude

Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global ene…

LNG

France Says Ban On Russian Energy Can’t Be Ruled Out

France sees a potential ban on imports of Russian energy into the EU as an option, its Economy and Finance Minister Bruno Le Maire said over the weekend, adding…

Oil Price

India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?

India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move…

SINOPEC

Aramco in Discussions with Sinopec on Downstream Ventures

Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…