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Clean Energy Transition
India Targets 85% of Energy Needs from Green Sources
According to the proposal prepared by the renewable energy ministry, coal-fired capacity will initially rise to 267 GW by 2030 from the present 210 GW and, subs…
Wind Farm
Scotland’s Largest Offshore Wind Farm Secures Its Backbone!
Seagreen wind project has been fitted with a 4,800-tonne offshore platform.
Coal Mine
Coal India Receives 100% Booking in its First Single-Window E-Auction
Coal India’s (CIL) on Wednesday said its first-ever offer of nearly 5.2 Lakh Tonnes (LTs) of coal under the recently revamped single-window e-auction received …
Nuclear Power Plant
S. Korea Likely to Return to Nuclear Power Generation Under New Govt.
South Korea is likely to make a U-turn from its yearslong nuclear phase-out drive as President-elect Yoon Suk-yeol has vowed to scrap the policy and make the co…
EV Market
Secondhand Tesla Prices are Shooting up as Petrol Prices and New Car Wait Times Blow out
With the price of petrol set to soar due to looming gas and oil shortages caused by Russia’s invasion of Ukraine and subsequent sanctions, observers are noting…
Oil Price
Asian Shares Surge as Russia-Ukraine Talks Buoy Sentiment
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned …
Natural Gas
Gas Prices Jump in Wake of Biden's Ban on Russian Oil
The cost to fill up the gas tank has gone from bad to worse with the national average hitting a new record. President Biden warned Americans to expect to pay ev…
Wind Turbine
Danish Wind Turbine Giant Vestas to Suspend Work on Four Projects in Russia
Danish wind turbine manufacturing giant Vestas will suspend work on four Russian wind projects in response to Russia’s invasion of Ukraine. Vestas will also su…
CNOOC
Chinese Partner Paying over $2 bln to Petrobras for More Interest in Brazilian Field
Chinese oil and gas company CNOOC has sealed a deal with the Brazilian giant Petrobras, which will allow it to acquire an additional interest in the Búzios fie…
Crude Oil
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Coal Mine
Australia Pushing Higher Coal Exports to Europe
Australia's federal resources minister Keith Pitt is pressuring the premier of Queensland state Anastacia Palazczuk to expedite coal mine developments to free u…
Oil Price
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…
Oil Price
Ukraine Speeds Global Rush to Self-Sufficiency
Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…
Oil & Gas Trade
Biden Announces Ban on Russian Oil, Gas Imports to US
President Joe Biden announced Tuesday morning that the US would ban imports of #oil, natural gas and coal from #Russia. The British government also announced it…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
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