Port

Coal Production

Indonesia’s Pivot Away From Coal Will Require Massive Investments

As the world’s largest coal exporter, Indonesia will play a key role in reducing global emissions, but it needs help to do it.

Net Zero Emission

U.S. Groups Urge Kerry to Back Climate Compensation Fund

Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that h…

Electric Vehicle Battery

Biden’s EV Minerals Cash Fruitless Without Permitting Reform

Washington's growing financial support for companies that produce metals used in electric vehicles will likely prove fruitless unless the federal government str…

Natural Gas

Factbox: How Is Germany Replacing Russian Gas?

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…

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…