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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…

Offshore Wind Power

GE Exec Expects Rebound for Renewables

The leader of General Electric’s (GE’s) global energy business said the company expects its power and renewable energy units should be profitable in 2023, and…

EU

EU Will Need Five Years to Ditch Russian Energy

Europe plans to phase out its dependency on Russian oil, gas and coal by 2027.

Coal Production

China's Jan-Feb Coal Output Jumps 10.3% for Winter Heating

China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heatin…

LNG

China’s CNPC to Start LNG Production in Mozambique in October

China’s CNPC and its partners are set to start liquefied natural gas (LNG) production in Mozambique in October, the Mozambican government announced.

LNG

Japan Eyes LNG Investments to Cut Dependence on Russian Energy

Japan aims to reduce its dependency on Russian energy supply by taking steps.

Crude Oil

India Hopes for Oil from Iran, Venezuela; Higher Output from OPEC+ to Cool Prices

Replying to supplementaries during question hour in the Rajya Sabha, Oil Minister Hardeep Singh Puri said oil export from Venezuela and Iran had been hit due to…

Crude Oil

Chevron Set to Trade Venezuelan Oil if US Relaxes Sanctions

Sources say Chevron is asking the US government for a license broad enough to have a greater say at its joint ventures in Venezuela.

Natural Gas

Niti Aayog for End to Price Curbs on Local Natgas

The Aayog has sent its gas price reform proposal to the petroleum ministry for consultation. It also wants natural gas included in the ambit of the goods and se…

Crude Oil

As West Shuns Moscow, Officials Say India Eyes More Cheap Russian Oil

India may take up a Russian offer to buy crude oil and other commodities at a discount.

Coal Company

MCL Becomes the Largest Coal Producing Company in India

On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a gro…

Floating Offshore Wind

What’s the Potential of Floating Offshore Wind?

The U.S. could soon emerge as a leader in floating offshore wind development, according to a new report.

Coal Price

Coal Prices Soar to 200 Year High

Coal prices are soaring, hitting US$462/t on 10 March, up from US$186/t on 23 February and likely to pass US$500/t this year, Rystad Energy research suggests.

Rooftop PV System

Rooftop Solar Installations to Almost Double by 2025, Says Rystad

Rooftop solar photovoltaic (PV) installations are set to surge in the next three years, with total capacity reaching 94.7 gigawatts (GW) by 2025.

United Kingdom

UK Prime Minister Johnson to Visit Saudi Arabia for Oil and Gas Talks

Boris Johnson will meet Crown Prince Mohammed bin Salman on Tuesday in a bid to have oil and gas production boosted.