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Electric Car

GM, Honda Are Teaming up to Build a $30,000 Electric Car

Building a cheap car that is also profitable for the manufacturer is shockingly difficult. Because of the high cost of battery components, it becomes even more …

Hydropower Plant

China-Built Hydropower Station Begins Electricity Generation in Nigeria

The first unit of Zungeru Hydroelectric Power Station, the largest hydropower station in Nigeria built by Chinese enterprises, has officially generated electric…

OPEC

Opec Mulls Removing IEA as a Secondary Source

Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.

Electric Car

Saudi Aramco Partners with Hyundai Motor to Develop Advanced Fuels for Hybrid Vehicles

Saudi Aramco is teaming up with Hyundai Motor and King Abdullah University of Science and Technology to jointly research and develop advanced fuels for an "ultr…

Offshore Wind Power

U.S. Offshore Wind Supply Chain: By the Numbers

The U.S. needs 2,100 wind turbines, 6,800 miles of cable, 2,100 foundations, 58 crew transfer vessels, and up to 50,000 trained workers to meet the Biden admini…

China

China's Annual Energy Production Capacity to Be 4.6 Bn MT Coal by 2025

China recently decided to raise its annual comprehensive energy production capacity to over 4.6 billion metric tonnes of standard coal by 2025.

Natural Gas

Indonesia’s Deep-Waters Attract Explorers, Including BP and Harbour

Harbour Energy is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year.

Honda to Demonstrate Hydrogen as Backup Power Source

Honda is to install a stationary fuel cell power station at its US corporate campus in Torrance, California.

Energy Transition

Decarbonisation More Cost Effective than Polluting Alternatives in Central America

An IRENA analysis shows the Central American region can pursue a more ambitious energy transition agenda, achieving cost benefits while serving socio-economic a…

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…

Oil Price

India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?

India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move…

Oil Price

Oil Jumps as EU Weighs Russian Embargo

Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…

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…

Oil Price

Oil Climbs on Pressure From Ukraine Conflict, Tight Market

Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their…

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.