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Crude Oil

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil

Net Zero Emission

Saudi Arabia Launches Five Renewable Energy Projects

The new wind and solar farms will have a total capacity of 3,300 megawatts

Crude Oil

Brent Crude Slides Below $85 a Barrel as Dollar Surges

Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.

Oil Price

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol

The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures s…

LNG

UAE Signs Energy Agreement With Germany’s Scholz

The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerat…

Switzerland

Switzerland on Course for Mild Start to Winter, Easing Energy Supply Fears

Switzerland is on track for a mild start to the winter and above average temperatures could even stretch into February.

Hydrogen Project

UAE Strikes Deal With German Companies to Develop Hydrogen Strategy

The Emirates signs agreement with global engineering and advisory company GHD and applied research organisation Fraunhofer-Gesellschaft

LNG

Adnoc Signs Agreements to Supply LNG and Diesel to Germany

State oil company will deliver the first LNG shipment in late 2022 to a floating import terminal near Hamburg

Energy Storage Technology

Renewables and Storage Are Better Together

The growth of intermittent renewable energy across the globe has necessitated the deployment of energy storage technologies to fully replace fossil fuels with c…

Geothermal Power Plant

Indonesia’s Geothermal Energy to Reach 8.1GW by 2035

It could still meet its 9.3GW target if it is successful in the WKP auctions, amongst others.

Hydrogen Project

Global Energy Crisis Drives Demand for Green Hydrogen – Report

The global energy crisis is boosting interest in low-emissions hydrogen and the pipeline of projects is expanding, but only a small share of projects are under …

Oil Price

Volkswagen Warns: High Gas Prices Could Impact Car Production

Germany's Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord …

Power Construction

Mytilineos Completes First Phase of 650MW Power Plant in Libya

Greek energy company Mytilineos has completed the first stage of construction for a power plant in Tobruk, Libya, with 185MW having already been distributed to …

Electric Vehicle Battery

China’s CATL, a Tesla Supplier, Considers Expanding Battery Swapping Business Overseas

CATL, the world’s largest electric vehicle battery maker, is a supplier to companies such as Tesla and Ford.

Hydrogen Project

EU Approves up to $5.2 Billion in Public Funding for Hydrogen Projects

Hydrogen has a diverse range of applications and can be deployed in a wide range of industries.