P

Chevron Is Buying Renewable Energy Group for $3.15 Billion

Chevron will buy the biofuels company Renewable Energy Group for $3.15 billion, the companies announced on Feb. 28.

OPEC

Saudi Crown Prince Says Kingdom Still Committed to OPEC+ Oil Agreement with Russia

Saudi Arabia remains committed to OPEC+ agreement, Crown Prince Mohammed bin Salman told French President Emmanuel Macron Feb. 27, in an endorsement for the blo…

Decarbonising Industry Can Be ‘Mission Possible and Profitable’

Decarbonising hard-to-abate sectors of industry will take a programme of co-ordination, investment and policy on a scale not seen since Europe’s post-war recov…

Energy Investment

Norway’s Equinor will End Investments in Russia, Exit Joint Ventures

Norway’s Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia’s invasion of Ukra…

Offshore Wind Power

TotalEnergies Wins Maritime Lease to Develop Wind Farm Offshore New York and New Jersey

TotalEnergies was named a winner of maritime lease area OCS-A 0538 by the BOEM (Bureau of Ocean Energy Management) in the New York Bight auction last week.

Oil Price

India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices

India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…

Oil Price

Can African Oil Producers Take Advantage of Increasing Oil Prices?

Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, A…

Oil Price

Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban

A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as …

LNG

Shell to Exit Russia After Ukraine Invasion, Joining BP

Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…

Australia

Origin Unveils Plan for Green Hydrogen Hub on Australia's East Coast

Australia’s Origin Energy has unveiled plans for a potential hydrogen hub in one of Australia’s key coal regions.

LNG

Japan's JERA Does Not Currently See SWIFT Ban Impacting Sakhalin 2 LNG Imports

Japan's largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from t…

Electric Vehicle Charging

Wireless EV Charging Coming Soon to US Market

WiTricity has unveiled plans to develop wireless charging stations for select electric vehicle models.

Smart Meter

E.ON Reaches 100,000 Smart Meter Milestone in Germany

E.ON reports Germany’s smart meter rollout is still sluggish and the country is lagging others in Europe such as Sweden and the UK.

Solar Power Plant

Cochin Airport to Be Power-positive With New Solar Plant from March 6

The Cochin International Airport Limited (CIAL), the world’s first airport fully powered by solar energy, is to become power-positive with the commissioning of…

Smart Grid

Schneider Electric and Cisco Link up to Build Egypt’s Smart Grid

Schneider Electric signed the contract, with the Ministry of Electricity and Renewable Energy, to build and transform four control centres for Egypt’s national…