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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…
Oil Shale
U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal
U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.
Nuclear Power Plant
'There's so many Uncertainties': Expert Reacts to Ukraine Nuclear Power Plant Fire
CNN's Anderson Cooper reports that a nuclear power plant is on fire in Ukraine. Nuclear policy expert Graham Allison explains the risks associated with this eme…
Oil Price
IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman
The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…
Oil Price
Oil Soars as Emergency Crude Release Fails to Quell Supply Fears
Oil extended gains after the close as a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns of a major shortf…
Crude Oil
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…
Crude Oil
India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies
India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.
Oil Price
Oil Rises as Ukraine Issues State of Emergency, Suffers Cyber Attacks
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cy…
Coal Mine
Glencore Coal Mine in Spotlight as Methane Hotspot Emerges
Satellite data showing methane emissions near a Glencore Plc coal mine in Australia is putting pressure on one of the world’s largest commodity trading houses …
Banks Haven’t Quit Coal. Study Says Commercial Lenders Have Channeled $1.5 Trillion to the Industry Since 2019
Banks and investors have channeled massive sums of money to support the coal industry in recent years, according to new research, propping up the world’s dirti…
Power Construction
Millions Left without Power After Huge Blackout Hits Central Asia
Major cities in Kazakhstan, Uzbekistan and Kyrgyzstan hit by power outages after an ’emergency imbalance’ in a power grid.
Energy Security
Moldova Declares State of Emergency in Energy Sector
The Moldovan parliament approved a measure by prime minister Natalia Gavrilita to declare a state of emergency in the energy sector for 60 days to ensure uninte…
Electricity Transmission
Details Emerge About DOE, FERC Grid Plans for Clean Energy
The Biden administration’s plan announced yesterday to pump $20 billion into expansion of the nation’s transmission networks will target “shovel ready” proj…
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