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Floating Offshore Wind

Oil Firm Equinor Looks to Celtic Sea for Floating Wind Development

Norwegian oil and gas major Equinor on Monday said it was interested in developing a "gigawatt scale" floating offshore wind project off the coast of Britain i…

Oil Pipeline

Curbing Oil Theft Has Helped Pipeline Availability, Nigeria LNG Says

Nigeria LNG said there had been an improvement in the availability of some oil pipelines since the government and state oil firm NNPC LTD stepped up efforts in …

Nuclear Power Plant

Czech Govt Proposal for Revenue Cap on Power Producers Hits Nuclear Hardest

The Czech industry ministry has proposed a cap on power producers' revenue ranging from 70 to 230 euros per megawatt hour, depending on the source.

Carbon Emissions

DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…

Net Zero Emission

Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand

Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…

Oil Price

Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High

The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.

Oil&Gas Drilling

Biden Says “No More Drilling” at a Rally

“No more drilling…there is no more drilling,” said U.S. President Joe Biden at a campaign rally in New York state on Sunday when asked by a person in the cro…

OPEC

German Economist Sues OPEC, Wants $50 in Compensation

A German economist has filed a lawsuit against OPEC with a Berlin court.

United Kingdom

Rishi Sunak Secures £3.58bn Climate Finance Deal With Kenya

UK PM has agreed to fast-track six renewable energy projects being built in the African nation.

Carbon Neutral

World’s Greenest Warehouse to Be Built in Sweden

The project will lead the way to urgent CO2 reductions as called for by COP27.

Electric Car

Uk’s First Large-Scale Lithium Site Gets Green Light

The Middlesbrough facility will put the UK on the map when it comes to processing the metal critical to EVs, phones and wind farms.

Nuclear Reactor

UK Announces £95m for Advanced Materials’ Research and Development

The Henry Royce Institute at the University of Manchester will use the funding to advance its research in ‘super-materials’ that are critical to sectors inclu…

Wind Turbine

Türkiye’s New Wind Power Capacity in 2023 Represents an Investment of One Billion Dollars

Türkiye could install another 1,000 megawatts (MW) in wind energy capacity next year, an addition that could attract $1 billion (TL 18.57 billion) in fresh inv…

Energy Technology

Rolls-Royce Provides Uninterruptible Power Systems for Saudi Supercomputer

Rolls Royce will deliver mtu Kinetix PowerPacks for a supercomputer in Saudi Arabia where, in the event of a power outage, the constantly rotating accumulator w…

Carbon Emissions

Brazil's Lula Hopes to Unite Rainforest Nations, Tap Funding at COP27

A new alliance of rainforest nations - sought by Brazil's President-elect Luiz Inácio Lula da Silva - could be key to unlocking conservation funding and bolste…