O

Coal Price

India Buys Discounted Venezuelan Petcoke to Replace Coal

Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation…

Crude Oil

Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…

Hydrogen Production

Total Eren Plans 2GW Solar + Hydrogen Hub in Australia

Australia’s Northern Territory Government and Paris-based energy company Total Eren have signed a memorandum of understanding (MoU) to develop a new green hydr…

Electric Car

SoftBank-Backed Ola Electric Wants to Launch a Made-In-India EV in 2024

Ola Electric is the EV arm of ride-hailing firm Ola, which was established in 2011.

Offshore Wind Power

Massive Norfolk Offshore Wind Project Takes Step Forward

Vattenfall has awarded the contract for the onshore cable installation scope of wind farms off the coast of Norfolk.

Oil & Gas Supply

Europe’s Efforts to Shield Households From Soaring Energy Costs

Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…

Geothermal Power Plant

Enhanced Geothermal Energy System R&D Gets a Boost From DOE Money

The U.S. Department of Energy’s Frontier Observatory for Research in Geothermal Energy field laboratory announced up to $44 million for projects to develop and…

Natural Gas

German Energy Market Would Collapse Without Gas Levy - Habeck

Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …

Oil Field

Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offs…

Oil Shale

Oil Output in Permian to Rise to Record High in September -EIA

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…

CCS

Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…

Norway

Norway Is Right to Preserve Hydropower Water Supply -German Chancellor

Norway is right to preserve water in its hydroelectric dams in order to secure the country's power supply, German Chancellor Olaf Scholz said while on a visit t…

Electric Car

U.S. States Urge Postal Service to Halt Gas Vehicle Purchases

A group of 17 state attorneys general urged the U.S. Postal Service (USPS) to halt planned purchases of gasoline-powered delivery vehicles pending a new environ…

Natural Gas

Germany Hits 75% Gas in Storage Goal Ahead of Schedule

Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas Infrastructure Europe showe…

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…