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Energy Storage System

Subsea 7 and FLASC Awarded Grant for Offshore Energy Storage Project

Subsea 7 and technology partner FLASC B.V., have been awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for …

Pumped Storage

Bilfinger to Support Construction of Limberg III Pumped Storage in Austria

Bilfinger has received an order to support Austria’s VERBUND Hydro Power GmbH with the construction of the 480 MW Limberg III pumped storage power plant in Kap…

Nord Stream 2

Biden Unveils Sanctions on Russian Businesses After 'Premeditated' Ukraine Attack

President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia's ability to do business in major …

Nuclear Reactor

France Counting on Nuclear Power to Help Replace Natural Gas, Other Fossil Fuels

France plans to build at least six nuclear reactors, and possibly another eight, under the latest national low carbon strategy unveiled by President Emmanuel Ma…

Crude Oil

Sinochem Completes China’s First Blockchain Warehouse Receipt Pledge for Crude Oil

Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cl…

Oil Price

Oil Rises as Ukraine Issues State of Emergency, Suffers Cyber Attacks

Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cy…

Hydropower Plant

Hydro Production Likely to Rise in Pacific Northwest, EIA Says

With “mixed water supply conditions” in the Pacific Northwest, hydroelectric production should rise in 2022.

Oil Price

Average Gas Prices Climb for the 8th Week in a Row

Average gas prices in the U.S. have climbed for the eighth consecutive week.

Nuclear Policy

A Nuclear Deal Could Be Reached in a Matter of Hours

​Hossein Amir-Abdollahian told The Global Conversation that Tehran had shown flexibility and seriousness in negotiations with the West over its nuclear policy.…

Carbon Emissions

Shell Reiterates Commitment to Lower CO2 Emissions in NigeriR

Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target.

LNG

China CNOOC to Add Giant New Tanks at LNG Terminal by End-2023

China National Offshore Oil Company, or CNOOC, aims to complete by the end of 2023 a project to install the world's largest storage tanks at a liquefied natural…

Offshore Wind Power

North Sea Decarbonisation at the Forefront of Scotland’s Leasing Round Connecting Offshore Oil & Gas with Wind

A new leasing opportunity has been unveiled in Scotland, connecting offshore oil and gas with offshore wind in a push to boost innovation and help decarbonise t…

Oil Price

India’s Fuel Appetite Seen at a Record even as Oil Nears $100

Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past tw…

Hydrogen Project

Unseen Green Hydrogen Volumes Set to be Produced at Proposed Texas Gulf Coast Project

In the latest move to develop the state of Texas into a leading player in the world of hydrogen, plans have today (Feb 22) been unveiled for a gigawatt-scale gr…

EIB, ISIF Among Backers of Solas EU Energy Efficiency Fund

The European Investment Bank (EIB) and Ireland Strategic Investment Fund (ISIF) are among backers of a fund that is seen as closing the gap between energy effic…