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Crude Oil
Biden Sidelined Global Energy Partners with Record Emergency Oil Release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in IEA, leaving them scrambling to match…
Energy Storage Battery
Smarter E Products: High-Voltage Residential Battery From Varta
The new high-voltage Varta.wall storage device features an aluminum design and is available in capacities ranging from 10 kWh to 20 kWh. It also boasts an emerg…
LNG
Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst
Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in U…
China
China Emerges as Top Contributor of New Renewable Capacity in Asia: Report
China emerged as the biggest contributor of new renewable capacity in Asia after it added 121 gigawatts (GW) in 2021, the International Renewable Energy Agenc…
Oil Price
IEA to Release New Emergency Oil Stock to Curb Market Turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa…
Crude Oil
U.S. Issues Formal Notice of Record Sale of Oil From Reserve
The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever…
Natural Gas
Russia Foreign Gas Buyers 'Must Pay in Roubles' Says Putin
Russian President Vladimir Putin raises the energy stakes as Germany enacts early warning level for Emergency Plan for Gas amid supply concerns.
Carbon Neutral
Coal’s a ‘Stupid Investment’ and We’re ‘Sleepwalking to Climate Catastrophe,’ Says UN Chief Guterres
The U.N. Secretary General issued a stark warning Monday, saying the planet had emerged from last year’s COP26 summit in Glasgow with “a certain naïve optimi…
Offshore Wind Power
Morocco’s Natural Resources Offer it Great Potential to Emerge as a Global Leader in Wind Energy
Morocco’s thriving offshore wind energy market has put the North African kingdom on the list of countries with the potential to emerge quickly as global leader…
Oil & Gas Supply
IEA Unveils 10-Point Plan to Cut Oil Supply Crunch
The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…
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.
Crude Oil
Can OPEC Help Manage the Ongoing Crude Price Rally with Its Spare Capacity?
The group needs to reassure consumers as to how much spare capacity it holds and that it is ready to use it in an emergency.
Hydropower Plant
Turning the Tide: Decarbonising with Hydropower
When the wind slows down and the sun stops shining, hydropower emerges as a steady, reliable renewable energy giant.
Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal
US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.
Energy Transition
Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…
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