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Wind Farm
Ørsted to Sell 50% Stake in US Renewables Portfolio
Global wind project developer Ørsted has announced that it is selling a 50% ownership stake in a US portfolio to the investment group Energy Capital Partners. …
Oil Price
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…
Natural Gas
Floene – Largest Gas Distribution Operator in Portugal
Portugal’s largest gas distribution network Galp Gás Natural Distribuição has been renamed Floene.
LNG
Philippines Sees Room for LNG Despite Renewables Push
The use of LNG imports for power generation in the Philippines next year should not be a disincentive for investors in renewables.
Hydrogen Project
Asia’s Richest Person Adani Aims for Europe With Huge Morocco Clean Energy Project
Billionaire's conglomerate is considering building wind and solar generation plants in the North African nation and units to produce green hydrogen for export. …
Wind Farm
Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets
Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…
Net Zero Emission
Zero-Emission Transport a Step Closer Thanks to New UCL-HORIBA Partnership at UCL East
A new HORIBA Chair will work with industry and academia to champion and develop new propulsion technologies, creating the next generation of battery and fuel ce…
Oil Field
UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields
Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…
Norway
Norway Eyes New Rules to Protect Hydropower Supply in Spring, Says Energy Minister
A mechanism to safeguard sufficient hydropower supply in Norway, which could ultimately curb power exports, will likely come in the spring, its oil and energy m…
Natural Gas
German Government May Have to Inject Another $39 Billion in Energy Giant Uniper
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.
Natural Gas
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding tha…
Carbon Emissions
Cities Must Slash Emissions 50% By 2030 for 1.5°C Pathway
Cities must halve their per capita emissions by 2030 to remain on a 1.5°C trajectory, finds a new report that prescribes low-emissions mass transit, better was…
Ammonia
Blue Ammonia Production Efforts for Fuel Supply, Exports in High Gear Along U.S. Gulf Coast
Energy giants Chevron and Uniper are pairing with Air Liquide and LyondellBasell to explore a hydrogen and ammonia production facility along the U.S. Gulf Coast…
Hydrogen Production
High Gas Prices Spur Green Hydrogen Investment -Report
Soaring natural gas prices have made hydrogen produced from fossil fuels increasingly uneconomic and spurred more than $70 billion of new investment in hydrogen…
20th CPC National Congress
20th CPC National Congress | Report Charts Way to Energy Security, Greener Future
The active and prudent approach to climate actions that Xi Jinping has vowed China will pursue is suitable to the nation's conditions, with coal serving as the …
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