P

Hydrogen Project

Nikola Corp is Building its First Hydrogen Fuel Plant

Nikola Corp has announced that it is moving forward in the production of battery electric semi trucks and is planning the construction of a large-scale hydrogen…

Oil Price

Petrol, Diesel Price Hikes may Restart from Next Week

Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil…

Oil Price

Russia Warns West of $300 per Barrel Oil, Cuts in EU Gas Supply

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through o…

Coal Price

U.S. Coal Prices Soar as War Drives Global Commodities Rally

Concerns of a looming global shortage of coal are driving up prices in every U.S. region that has access to export markets.

CCS

New Study Confirms CO2 Can Be Stored Below Ocean Floor Sediments

Climate change is one of the most unrelenting challenges that humanity is facing. To fight its potentially disastrous effects, researchers are looking for innov…

Thermal Coal

Russia-Ukraine War Sparks Surge in Coal Price to Unprecedented Levels

The conflict between Russia and Ukraine has sent thermal coal prices skyrocketing to new heights, as some European countries look to ban Russian coal.

Energy Transition

Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables

Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…

Oil Price

Fuel Prices on Saipan up 20 Cents

FUEL prices on Saipan went up by 20 cents on Friday and Saturday as the Russian invasion of Ukraine continues to spook global markets.

Nuclear Power Plant

‘Strong’ Nuclear Growth in Japan Seen in Next Two Year

A “strong growth” is expected in Japan’s nuclear power over 2022 and 2023 as nuclear power plants that have been suspended resume operations, Fitch Solutions…

Crude Oil

Shell to Buy Russian Crude and Use Profits to Help Ukraine

Shell, Europe’s largest oil company, said Saturday that it would probably continue to buy Russian crude oil to feed into its refineries and supply customers wi…

Oil Shale

U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal

U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.

Oil Shale

OPEC Meet with U.S. Shale Executives at U.S. Energy Conference as Oil Prices Skyrocket

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy …

Oil Price

Want Lower Oil Prices? First You Need Higher Ones

There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not …

Oil Price

Vitol’s Muller Says High Oil Prices may Lead to Demand Destruction

High oil prices are likely to lead to demand destruction amid a scarcity of crude and little spare capacity globally as the disruption to energy supplies from R…

Wind Farm

Tyrone Windfarm Project Acquired by Dublin-Based NTR

A WINDFARM project on the Tyrone-Fermanagh border has been acquired by Dublin-based renewable energy company NTR for an undisclosed sum.