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Crude Oil

EIA Cuts World Oil Demand Growth for 2023

The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…

Nuclear Reactor

Japan, US Governments Asked to Beef up Nuclear Energy Dev't

The JAIF and NEI asked the two governments to improve the energy market and regulation.

Cold Climate Heat Pump Tech Developed for Heating Efficiency Below Zero

Cold climate heat pump tech is being developed by Trane Technologies in the US to ensure high-efficiency heating in freezing temperatures.The Systems Extreme En…

Smart Grid

EIB and Endesa Sign €250mn Smart Grid Credit Line

Endesa and the European Investment Bank (EIB) have signed a €250 million ($249.8 million) smart grid credit line to boost Spain’s distribution network.

Net Zero Emission

World Must Double Renewable Power Targets to Achieve Net Zero, Irena Says

Despite some progress, the transition is 'far from being on track', says Irena director general Francesco La Camera.

Smart Meter

Flexibility Service Pays UK Smart Meter Homes to Reduce Energy Use

National Grid ESO is running a demand flexibility service this Winter where UK energy consumers with smart meters will be paid to reduce their consumption.

Carbon Emissions

DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…

United Kingdom

Rishi Sunak Secures £3.58bn Climate Finance Deal With Kenya

UK PM has agreed to fast-track six renewable energy projects being built in the African nation.

COP27 to Formally Discuss Climate Compensation for Poorer Nations

COP27 delegates agreed on Sunday to discuss whether rich countries should compensate poorer nations most vulnerable to climate change at the United Nations clim…

Net Zero Emission

Cincinnati Zoo Makes Net Zero Gains With 28MW Solar Project

Cincinnati Zoo & Botanical Garden, based in Ohio, US has announced that a 28MW solar project is being developed on part of their farmland.

Hydrogen Project

KBR Secures Work on Australia’s First Industrial-Scale Green Hydrogen Project

US engineering company KBR and Belgium engineering firm Tractebel, part of ENGIE, have been appointed as the Owners Engineer for the Yuri project, a new renewab…

Crude Oil

UAE Believes the Oil Industry Is in “Decline Mode”

Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.

Natural Gas

Why Overly Confident U.S. Drillers Ditched Their Hedges

Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.

Rising Interest Rates Weigh on Renewable Growth

European renewable stocks have fallen 20% since August.

Biden Unveils $13.5 Billion Package to Ease Home Energy Costs

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.