Ge

Energy Transition

Eni Sells 49% of Its Business Enipower

Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.

Carbon Emissions

EU Countries Support Plan for World-First Carbon Border Tariff

European Union countries on Tuesday backed the bloc's plan to impose a world-first carbon dioxide emissions tariff on imports of polluting goods.

Gas power plant

Japan Cuts Thermal Power Capacity with Maintenance

Japan's thermal power generation capacity is expected to fall this week on the back of increased maintenance, in line with the arrival of spring weather across …

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Crude Oil

Oil Terminal Blast In Nigeria Takes Production Offline

An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…

Offshore Wind Power

Mainstream Renewable, Aker Get 50% Stake in Floating Offshore Wind Project in Japan

​Mainstream Renewable Power and Aker Offshore Wind have completed a transaction, acquiring an initial 50% of an 800-megawatt floating offshore wind project in …

Natural Gas

Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage

Russian producer was hoping for a much-needed boost in oil reserves within large licence block in Russian sector of the Caspian Sea

Natural Gas

Average US Gas Price Rises 22% in Two Weeks to Record $4.43

The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters) as Russia…

Crude Oil

Rising US Oil Clout on Show in Houston

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the …

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Nuclear Power Plant

Ukraine Restores Power Supply to Chernobyl Power Plant

Ukraine has restored electricity supplies to the Chernobyl Nuclear Power Plant (NPP) after it was disconnected from the grid last week, the International Atomic…

Oil Field

Bohai Sea Oilfield Output Exceeds 500 Million Tons

The Bohai Sea oilfield, China's largest crude oil base, had produced a cumulative total of oil equivalent exceeding 500 million tons as of Monday, after it has …

Hydrogen Fuel Cell

Adani, Ballard Ink MoU for Hydrogen Fuel Cells Commercialisation in India

Adani Group and Ballard Power Systems entered a non-binding memorandum of understanding (MoU) last month to evaluate the commercialisation of hydrogen fuel cell…

LNG

Dutch Limit Gas Production at Groningen Despite Energy Crisis

The Dutch state announced in 2019 that Groningen output would end by October 2022 to limit seismic risks in the region, with gas only to be extracted thereafter…

Crude Oil

Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd

Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…