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EU

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…

Electric Car

The EV Transition Explained: Charger Infrastructure

How many, where, and who pays?

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Energy Storage Battery

Major Energy Players Seal Big Deals for Renewables

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…

Energy Storage Battery

China May Need 4,300GW Storage Capacity by 2050: Report

This is to help back up renewables’ intermittency.

China

China’s Renewables Could Grow up to 6,000GW by 2050

Power demand is projected to reach 13,600TWh by 2050.

CCS

Ocean Fertilization for Carbon Storage

As per an international research team headed by Michael Hochella of the Department of Energy’s Pacific Northwest National Laboratory, the immediate necessity t…

IEA: Global Energy Efficiency Accelerates Amid Crisis

The progress toward energy efficiency is still not enough to meet climate goals, according to the International Energy Agency.

Energy Transition

Sustainable, Low-Cost Hydrogen - a Revolutionary Step in the Energy Transition

Governments and corporations are under increasing pressure to adopt large-scale renewable energy sources and meet current climate goals to help mitigate the eff…

Energy Storage System

ADB Launches Grid-Connected Hybrid Renewable Energy in Mongolia

The Asian Development Bank (ADB) has launched a hybrid renewable energy system in Mongolia.

Solar Power Plant

Dubai’s Concentrated Solar Power Project Starts Supplying Electricity to the Grid

It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat.

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…

Natural Gas

Germany’s Largest State Declares Emergency Amid Energy Crisis

North Rhine-Westphalia, the biggest state in Germany in terms of economy and population, has declared an emergency situation amid the energy crisis in order to …

OPEC

Reuters Survey: OPEC Cut 710,00 Bpd in November

Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according…

Crude Oil

Chevron to Ship First Venezuelan Oil to the U.S. By Year-End

Chevron is getting ready to ship the first oil cargo from Venezuela to the United States by late December.