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Oil Price

Oil Falls on Profit-Taking, All Eyes on Russia, Ukraine

Oil prices fell on Tuesday as investors took profits from the previous day's rally to seven-year highs and as global stock markets slumped, although losses were…

Crude Oil

Barclays Raises 2022 Crude Oil Price Forecasts on Higher IEA Demand View

Barclays raised its crude oil price forecasts for 2022 on Monday, driven by a revision to demand estimates by the International Energy Agency (IEA) last week.

Net Zero Emission

Duke Energy Aims to Double Renewable Energy Capacity by 2030

Duke Energy said it plans to double its renewable energy capacity by the end of the decade, and stop generating electricity from coal by 2035.

Wind Farm

European Energy Takes 50% Stake in Danish Offshore Wind Project

Copenhagen-based renewables developer European Energy A/S has acquired a 50% stake in an offshore wind project with a planned capacity of 160 MW, to be realised…

Wind Power Project

Shovel-Ready Wind Energy Projects Held back, President’s Office Informed

The South African Wind Energy Association (SAWEA) engaged the broader wind power sector to highlight the challenges that the industry and projects are experienc…

Oil Price

‘A Very Scary Concept’: Energy Ministers Fearful of Oil Prices Surpassing $100 a Barrel

Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel.

Solar Power Plant

Photovoltaic and Wind Power Reduce Carbon Footprint

A recent study investigated the major factors in reducing the carbon footprint of electricity consumption in Switzerland.

Nuclear Reactor

DOE Launches Credit Program to Help Preserve Nation’s Nuclear Fleet

The U.S. Department of Energy (DOE) is seeking input on a newly established $6 billion program aimed at supporting the continued operation of U.S. nuclear react…

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

Offshore Wind Power

RWE installs Substations for 350MW Polish Wind Farm

German multinational utility RWE has selected French firm Chantiers de l’Atlantique for the supply, engineering, installation and commissioning of a substation…

Net Zero Emission

UK's National Grid to Get Grid Stability Services from Renewables for First Time

Britain's National Grid said on Monday it will be able to obtain grid stability services from renewable power generators for the first time, in the path to deca…

Offshore Wind Power

Vattenfall Awarded Planning Consent for Wind Farm

The UK Government has awarded planning consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm. Consent for Norfolk Vanguard follows consent for sister pr…

Net Zero Emission

Clean Hydrogen Use Could Result in 15% Cut in GHG Emissions

Goldman Sachs research identifies clean hydrogen as a critical pillar in reaching net zero targets and could lead to 15% cut in greenhouse gas emissions.

South Africa

CSP Project Achieves Financial Milestone on Its Way to Clean Energy Provision

The Redstone Concentrated Solar Power (CSP) Project, South Africa’s largest renewable energy investment to date, has achieved its first debt drawdown.

Offshore Wind Power

Orsted and Eversource Start Building New York’s ‘First’ Offshore Wind Project

South Fork Wind, hailed as New York’s ‘first’ offshore wind energy project is now under construction.