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Oil Price

Oil Prices Could Jump by $20 if Ukraine Crisis Worsens, Warns BofA

Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research s…

Oil & Gas Supply

The State of Play of Africa’s Deepwater Discoveries

While global demand sees an upward trend in a post-COVID-19 environment, oil and gas producing countries have been unable to maintain supply owing to a myriad o…

Electric Car

VW E-up! Electric Hatch Makes Comeback on Europe Market

One of German automotive giant Volkswagen’s most successful electric vehicles, the e-up! small car, can once again be ordered in Germany, and is expected to gr…

Carbon Emissions

Energy Sector Methane Emissions 70% Higher than Official Figures -IEA

Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IE…

Electric Car

Tesla Model Y Electric Crossover Nabs “Best EV of 2022” Award

Hot on the heels of record-breaking sales numbers, Tesla has nabbed yet another award, this time for its mid-size electric SUV, the Model Y, which took home Car…

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.

Electric Car

MAN Accelerating Production of Heavy-Duty E-Trucks, Presents Near-Production Prototype

MAN Truck & Bus is accelerating the production of heavy-duty e-trucks in Munich to as early as the beginning of 2024 with prompt delivery of an initial 200 unit…

Geothermal Power Plant

NZ Government to Fund Geothermal Lithium Extraction Technologies

The New Zealand government will invest an equity stake of NZD 2 million (approx. USD 1.35 million) to scale up the lithium production technology of the Geo40.

21st Century, Siemens Energy Seal Turbine Technology Power Deal

Information technology company, 21st Century Technologies Limited, has struck a new deal with Germany-based energy company, Siemens Energy, to build 2 X 10MW SG…

Solar Power Plant

Turkey Provides 97% of Energy Capacity Rise from Clean Sources

Some 97% of Turkey's electricity generation capacity that came into operation last year was from renewable energy plants.

Net Zero Emission

NET Power, Baker Hughes Partner to Deploy Zero-Emission Power Plants

NET Power announced a partnership with Baker Hughes as it works toward a commercial deployment of its near zero-emission power systems.

Hydropower Plant

Lawmaker Aims to Stimulate Small Hydro Projects in Brazil

Brazil’s federal lawmaker Lafayette de Andrada, of the government-allied Republicanos party in Minas Gerais state, is working to unlock and stimulate the deplo…

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…

Carbon Emissions

Biden Administration Pauses Federal Oil and Gas Leases Again

Amid ongoing court battles over oil and gas leases with Republican state attorneys general, including Louisiana’s Jeff Landry, the Biden administration is once…

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…