Nda

OPEC

Kremlin Praises OPEC+ for Countering U.S. 'Mayhem'

The Kremlin on Sunday praised OPEC+ for agreeing production cuts that had successfully countered the "mayhem" sown by the United States in global energy markets…

Floating Offshore Wind

New Study to Maximise Celtic Sea Floating Wind Supply Chain

German energy company RWE has commissioned UK-based Marine Power Systems (MPS) to develop a project plan for delivering up to 1GW of floating wind using the por…

Wind Turbine

Developing the Next Generation of Direct-Drive Wind Turbines

Motivated by the need to eliminate expensive rare-earth magnets in utility-scale direct-drive wind turbines, Sandia National Laboratories researchers developed …

CCS

Carbon Capture Begins at India’s Largest Coal Power Plant

India’s largest coal-fired power plant, NTPC’s 4.8-GW Vindhyachal Super Thermal Power Station, has begun capturing carbon dioxide (CO2) from plant flue gas as…

Oil Price

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian

BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on th…

Net Zero Emission

Britain Launches Review of Plan to Reach Net Zero Climate Target

Britain's government on Monday launched a review of how the country plans to meet its climate target of net zero emissions by 2050.

Oil Price

Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns

Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession.

Natural Gas

Gazprom Says It Sees Gas Shipments to Europe via Ukraine Stable on Monday

Russia's Gazprom said on Monday that it will ship 42.4 million cubic metres of gas to Europe via Ukraine toda.

Crude Oil

Brent Crude Slides Below $85 a Barrel as Dollar Surges

Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.

Net Zero Emission

GM Backs Setting Tough U.S. Emissions Targets for 2030

General Motors Co said on Tuesday it backed establishing tougher federal emissions standards to help ensure at least 50% of new vehicles sold by 2030 are zero-e…

Wind Power Project

Vestas Receives Order for 104 MW of Wind Power in Spain

Vestas has received an order for 104 MW for the Pinta y Guindalera wind farm, which will be located in Valladolid, Castilla y León, Spain.

Natural Gas

Germany’s Natural Gas Storage Will Last for Two and a Half Months

Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.

Oil Price

U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery

The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.

Crude Oil

Neste Launches Study to Quit Crude Oil at Finnish Refinery

Finland's Neste on Monday said it was looking into replacing crude oil with renewable feedstock at its Finnish oil refinery, the last one of its plants to use t…

Hydrogen Fuel Cell

Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine

Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.