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Crude Oil
U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…
Crude Oil
Switzerland Considers Switching to Oil for Power Plants
Amid a looming energy crisis, Switzerland could turn to oil for electricity production in the winter in case of an emergency, Swiss Energy Minister Simonetta So…
Wind Power Project
France Announces Emergency Renewable Energy Package
Rare earths and renewable energy are two sectors that almost every country races to dominate. One of these nations, France, takes serious strides towards this g…
Natural Gas
EU Emergency Gas Plan Can Stabilise or Even Lower Prices - German Network Chief
The head of Germany's network regulator welcomed the European Union's gas emergency plan, which came into effect on Tuesday, in comments to the ZDF broadcaster.…
Wind Power Project
Energy Security: France Takes Emergency Measures to Boost Wind and Solar
France gets around 20% of its electricity from renewable sources – 8% from wind energy, but it needs more to meet its climate goals while reinforcing energy se…
Joe Biden
Biden Stops Short of Declaring Climate Emergency, Takes Steps on Wind Power
U.S. President Joe Biden said on Wednesday that climate change is an emergency but stopped short of a formal declaration, announcing a modest package of executi…
United States
Biden Weighs More Aggressive Steps on Climate
President Joe Biden is facing pressure to declare a "climate emergency" that could unlock new executive powers after the recent collapse of talks in the US Cong…
Offshore Wind Power
Mainstream Renewable Power and Aker Offshore Wind Agree to Merge
Aker Horizons will own a stake of nearly 58.6% in Mainstream once the deal has closed.
Rooftop PV System
Emerge, Miral to Install Rooftop Solar PV on Seaworld Abu Dhabi
The project will have an 8.2MW capacity.
Germany
King Coal Makes Comeback in Europe
Old King Coal could make a comeback in some of Europe's biggest power markets as governments ponder emergency measures designed to build up gas storage as Russi…
LNG
Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier
Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.
Natural Gas
Austria Revives Coal-Fired Power Option as Russia Cuts Gas Supply
Austria's government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restr…
LNG
U.S. Natural Gas Prices Drop After Explosion at Freeport LNG Terminal
An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue to f…
AGL Energy Withdraws Demerger Proposal
The company believes it will not receive the required 75% approval threshold.
Crude Oil
US to Sell Up to 40.1M Oil Barrels From Emergency Stockpile
The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022.
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