Ons

Crude Oil

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.

Nuclear Reactor

Japan’s Gas Consumption to Dip 5% in 2023

This comes as nuclear restarts are expected next year.

Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Carbon Neutral

UK Professors Say Hemp Can Make Scotland’s Agricultural Sector Carbon-Neutral

Boosting hemp production in Scotland could bring “huge” environmental benefits to the agricultural sector, according to a new report.

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

Net Zero Emission

Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints

Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled custom…

Carbon Emissions

Exxon Signs With Top Ammonia Maker as Its First Client for Decarbonization Business

Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected multi-…

Ammonia

ACWA Power, KEPCO Ink Deal for Green Hydrogen, Ammonia Projects Development

The partnership is aimed to decarbonise the operations of KEPCO.

Smart Grid

Northern Ireland Smart Grid Demo Delivers Savings

Project Girona, Northern Ireland’s first smart grid project, was designed by The Electric Storage Company to demonstrate the potential benefits of a smart loca…

Nuclear Giant Westinghouse Acquired by Renewable Power Company and Uranium Fuel Supplier

A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire…

Natural Gas

Germany Launches Investigation into Nord Stream Blasts

German federal prosecutors said they had opened an investigation against “unknown persons”.

Carbon Emissions

Canada, Rio Tinto to Invest in R&D, Cutting Emissions at Quebec Plant

Canada and Rio Tinto Ltd will invest up to C$737 million ($533.6 million) over eight years to cut carbon emissions and expand research and development at a Queb…

Crude Oil

White House Leaves Door Open for Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…