Rice

Net Zero Emission

Helping EU Countries Reach Net Zero Requires a More Supportive ‘Demand’ Response

Helping EU countries lower energy prices and become carbon neutral by 2050 requires a more supportive ‘demand’ response, writes Simon Bushell, founder and CEO…

LNG

U.S. Natural Gas Prices Hit Highest Level in 14 Years

The benchmark U.S. natural gas price soared by more than 7% early on Monday.

Oil Price

Oil Prices Rise on Supply Concerns as Ukraine Crisis Deepens

Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the We…

Oil Price

OPEC Minimum Oil Production Increase During March

OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset in…

Nuclear Power Plant

Why Europe Could Be Heading for a "Nuclear Renaissance" with Energy Prices at Record Highs

The conflict between Russia and Ukraine has sent gas and power prices soaring. Alex Rankine explains why Europe could be heading for a "nuclear renaissance".

Gas and Power Prices Continue to Soar Due to Ukraine Conflict

Sky-high wholesale gas prices in Europe reached record levels in the first quarter this year as a result of the conflict between Ukraine and Russia, according t…

The Real: A Snapshot of the State of Renewable Energy in Africa

PricewaterhouseCoopers has released a report that gives insight into the current state of renewable energy in Africa.

Coal Price

India Faces Coal Shortage, Again

India faces another coal crunch as coal inventories at utilities are at the lowest for this time of the year in nearly a decade, while power demand is set to su…

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.

CCS

World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working

Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.

LNG

U.S. Gas Storage Emptied by Exports to Europe and Asia

U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below ave…

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…

United Kingdom

Ithaca Energy Gains Access to Two of the Largest Undeveloped Discoveries in UK North Sea

North Sea-focused Ithaca Energy has reached an agreement to acquire Siccar Point Energy for a price tag of nearly $1.5 billion. This is Ithaca’s second expansi…

Natural Gas

Price Volatility and Rising Demand Revive U.S. Natural Gas Trading

Natural gas trading is seeing a renaissance in the United States with the return of price volatility, while market turmoil in Europe could keep gas demand and e…

Oil Price

Shell Raises Russia Writedown to as Much as $5 Billion

Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…