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Crude Oil

Equinor Announces New Oil and Gas Discovery in the North Sea

Preliminary estimates suggest between 25m to 50m barrels of recoverable oil equivalent.

ADF Invests $5.5m for Desert to Power Renewable Energy Initiative

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert …

LNG

Energy Spending to Hit Record High of over $2t in 2022: Report

​Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.

Natural Gas

Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says

Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult gl…

Carbon Emissions

EU to Fund Bulgaria’s €6.3bn Recovery Plan

The European Commission has approved Bulgaria’s latest recovery and resilience plan, providing €6.3 billion in grants.

Carbon Emissions

Methane Emissions Surged by a Record Amount in 2021, NOAA Says

Global methane emissions jumped by a record amount in 2021, U.S. National Oceanic and Atmospheric Administration said Thursday.

Electric Vehicle Battery

CATL Licensed to Mass-Produce EV Batteries in Germany This Year

EV battery maker CATL announced Wednesday that its plant in Thuringia, Germany had received approval for making 8 GWh cells per year. The company is installing …

Net Zero Emission

Has Renewable Energy Reached an Inflection Point Globally?

Wind and solar power hit a new record in 2021, generating 10 percent of the world's entire electricity needs for the first time ever.

Offshore Wind Power

Wind Installations Need to Quadruple by 2030 to Achieve Net-Zero

GWEC recently released Global Wind Report 2022 confirms that the record years for several regions and offshore wind installations reflect strong market growth, …

Wind Farm

WindEurope Announces Sven Utermöhlen of RWE Renewables as Its New Chair

WindEurope’s Board of Directors has elected Sven Utermöhlen, CEO Offshore Wind at RWE Renewables, as the Association’s new Chair for an 18-month term.

Hydrogen Project

EU Injects $157m into Hydrogen Iron and Steelmaking Project

The HYBRIT-initiative, driven by SSAB, LKAB and Vattenfall, has received €143 million ($157 million) from the European Union.

Natural Gas

High Natural Gas Prices Could Lift Green Hydrogen Investment

Companies in Europe and U.S. allies such as Australia have recently announced major green hydrogen deals and projects.

Natural Gas

US LNG Exports Surge 16% amid Higher Demand From Europe

US liquefied natural gas exports rose nearly 16 per cent last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continui…

Oil Shale

China's Major Shale Gas Field Records Output Growth in Q1

The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.…

Natural Gas

Gas Power Outlook: Volatility and Viability

Natural gas generation’s future hinges on a precarious and exceptionally volatile set of issues that the conflict in Ukraine intensified.