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Crude Oil

Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening

Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and …

Electric Vehicle Battery

EV Maker Polestar to Provide Batteries for ‘Flying’ Electric Boats

Luxury EV maker Polestar will provide battery and charging systems to electric boat firm Candela after the two Swedish companies signed a multi-year agreement.

Net Zero Emission

Toyota Recognizes California Authority to Set Vehicle Emissions Standards

Toyota Motor Corp on Tuesday said it recognized the state of California's authority to set vehicle emissions standards under the U.S. Clean Air Act.

LNG

Germany Touts Possible ‘Major Role’ for Canadian LNG in Shift Away From Russia

Germany hopes Canadian LNG will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the ec…

Solar Power Plant

STEAG Joins Forces With German PV Monitoring Start-up

Power generation solutions provider STEAG has become a shareholder in Berlin-based start-up Solytic GmbH in order to strengthen its competencies in digitalisati…

How the Energy Industry Can Take the Lead on Making the Digital World More Sustainable

Data management centres are the perfect example of areas where there is significant room for improvement.

Electric Car

UK EV Drivers to Sell Energy to National Grid

EVs will be connected with the UK’s grid through the balancing mechanism

United States

Rystad Energy: Inflation Reduction to Boost US Wind and Solar Investments

The Inflation Reduction Act is set to boost installed solar and onshore wind capacity in the US by 40% by 2030, with an extra 155 GW of capacity expected to com…

Energy Transition

Coal Companies’ Cash Balance Could Fund Indonesia’s Green Transition

The combined cash balance amounted to $6.8b in the first quarter.

France

Iberdrola Responds to Rumours of Terminating French Power Contracts

Energy price hikes have reportedly forced the energy giant to terminate contracts with thousands of its French customers

Natural Gas

Australia’s BPH Energy Explores Legal Avenues Over Project Permit

Australia's BPH Energy Ltd said on Tuesday it was conducting a review of options, including potential for legal avenues, after reports said former Prime Ministe…

Wind Farm

TotalEnergies and SSE Renewables’ Seagreen Wind Farm up and Running

TotalEnergies and partner SSE Renewables on Tuesday announced the first power generation from their Seagreen wind farm off the coast of Angus in Scotland.

Natural Gas

German Gas Levy Could Change as Soon as This Winter -Newspaper

A gas levy on German consumers meant to help utilities cover the cost of replacing Russian supplies could change as soon as this winter, the managing director o…

Mexico

As Mexico Stalls Major Solar Projects, Companies Turn To Smaller Workarounds

With alternative energy projects stalled in Mexico due to controversial energy reforms, companies are increasingly turning to smaller-scale renewable options th…

Crude Oil

U.S. Crude in SPR Hits Lowest Level Since January 1985

U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, accordin…