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Offshore Wind Power

UK Offshore Wind Auction Failure Must Be a Watershed Moment for Global Offshore Wind Development

The failure of the UK government’s latest round of offshore wind auctions must be a watershed moment for the offshore wind industry around the globe. Desp…

Oil Price

Iraq's Oil Revenues in Europe Reach $11 Billion in 2023

Shafaq News / Iraq has seen a substantial boost in its oil revenues to Europe since the beginning of the current year 2023, with figures reaching approximately …

Oil Price

Column: US Oil and Gas Output Nears Peak

A general view of the Phillips 66 refinery, Rodeo, California, U.S. March 2, 2023. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsU.S. crude oil pro…

Offshore Wind Power

New York Offshore Wind Developers Ask For Inflation-Related Price Relief, Nyserda Argues Some Requests ‘Not Tied to Inflationary Pressures’

This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions w…

Offshore Wind Power

New York Offshore Wind Developers Ask For Inflation-Related Price Relief, Nyserda Argues Some Requests 'Not Tied to Inflationary Pressures'

This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions w…

Offshore Wind Power

Orsted Shares Fall 20% As It Faces $2.3 Billion Risk

Danish energy company Orsted saw its share price fall 20% after the company announced it faces a $2.3 billion loss in value in its US operations due to supply c…

Offshore Wind Power

Equinor, BP Seek 54% Hike in Us Offshore Wind Power Price, Filings Show

Norway's Equinor (EQNR.OL) and its partner BP (BP.L) are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, a…

LNG

Chevron's Australia Lng Facilities Face Work Stoppages, Gas Prices Surge

The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas…

Oil Price

Oil Prices Edge Higher as China Announces Further Stimulus Measures

Oil prices edged higher on Monday as China's latest stimulus measures helped to alleviate fuel demand concerns.Brent, the benchmark for two thirds of the wo…

Energy Storage System

Battery Storage Revenues Increase by 53% In a Month

Dynamic Containment Low prices increased by over 300% to £6.41/MWh in July, said Modo. Image: Getty.Modo Energy's monthly Revenue Benchmark has found …

Electric Vehicles

Tesla Launches New Model S and Model X With Shorter Range and Cheaper Prices

Tesla has launched two new vehicles of the Model S and Model X. The automaker is bringing back Standard Range versions with shorter ranges and cheaper prices.Ov…

Energy Investment

Oil Drops Over 1% On Worries About Chinese Economy

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017. REUTERS/Stringer /…

Energy Investment

Brazil's Petrobras Hikes Fuel Prices After 'Abrupt' Global Spike

A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/ Acquire …

Oil Price

Woodside Energy Set to Log Strong First-Half Profit on Resilient LNG Prices

Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/F…

Oil Price

Suncor Energy's Quarterly Profit Halves on Lower Oil and Gas Prices

Canada's Suncor Energy (SU.TO) on Monday joined its global peers in reporting a sharp drop in quarterly profit, as oil and gas prices retreated from last ye…