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Oil Price

South Africa Authorities to Cut Fuel Pump Prices From Wednesday

South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices since the Ukraine w…

Wind Farm

Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm

Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…

Natural Gas

Australia’s East Coast May Face Gas Shortfall Next Year, Watchdog Warns

Australia's competition watchdog urged the federal government on Monday to consider curbing gas exports, warning its east coast could face a major shortfall nex…

Oil Price

Oil Prices Slip Ahead of OPEC+ Meeting

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.

OPEC

OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement

OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.

Paris Climate Agreement

Why Oil Investors Should Keep an Eye on ESG Scores

Legal and regulatory initiatives promulgated as a result of the 2015 Paris Climate Accords, have been the driver of these changes.

Crude Oil

More Oil Discoveries Boost Guyana’s Offshore Boom

Guyana has seen a string of oil discoveries, quickly positioning it as one of the world’s hottest offshore drilling locations.

Oil Field

Green Light From TotalEnergies for Oil Project off Angola

France-headquartered energy giant TotalEnergies has taken a final investment decision (FID) to develop an oil development project located offshore Angola.

Plan for ‘Largest’ Solar System for a Desalination Plant Moves Forward

The photovoltaic project developed by TotalEnergies and Veolia will supply a seawater desalination plant in Oman.

Energy Transition

Green Hydrogen Can Help Latin America’s Energy Transition

Amid the energy transition, Latin American countries are investing in hydrogen.

Natural Gas

Will Centrica’s Rough Open Its Reservoir for Britain’s “Roughest” Winter?

The reopening is predicted to help the country cement its gas stocks amid fears of shortages

Natural Gas

Germany Starts Rationing Hot Showers to Save on Gas

Authorities of a German city race to save kilowatts as gas shortage scenarios are looming

Wind Farm

Total Eren, Partners Begin Construction of 16.7MW Wind Farm in South Korea

The project will start operations in Q1 2024.

Oil Field

Life Extension Granted for North Sea Field

Norway’s offshore safety regulator has granted Aker BP, a Norwegian oil and gas company, consent for a life extension for a field located in the North Sea.

Electric Vehicle Charging

Vattenfall and Netto Germany Cooperate on Charging Infrastructure for Electric Mobility

Vattenfall and the grocery discounter Netto will cooperate in setting up fast charging stations in Germany.