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Crude Oil

BP may Take $25 Billion Hit from Divestment from Russian Oil Company

BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…

Electric Car

Queensland Sets Target for Every New Car to be Electric by 2036

The Queensland state government has set a target for all new car sales to be electric by 2036, and all new government vehicles to be electric b y 2028, as part …

Electric Vehicle Charging

Queensland Offers $3,000 Subsidy to EVs Priced Under $58,000, Excludes Tesla

Queensland has joined three other state governments in offering a subsidy, or rebate, of $3,000 for an electric vehicle, but has put the cap at a lower level of…

India

Azure Power Commissions 300MW Solar Project in India

Azure Power has fully commissioned a 300-megawatt Interstate Transmission System connected solar power project, Rajasthan 8, in Bhadla in the state of Rajasthan…

Wave Energy

Wave-Powered Desalination Device Sets Sail

The U.S. Department of National Renewable Energy Laboratory (NREL) researchers deployed a wave-powered desalination test device and anchored it to the nearby se…

Offshore Wind Power

Hurricane Risk to Offshore Wind Farms is Study Focus

Researchers across the U.S. will study hurricane risks facing planned offshore wind installations along the Atlantic coast.

Net Zero Emission

Honda to Test Fuel Cell Power Station at California Site

Honda will begin testing its zero-emissions fuel cell power station at its corporate campus in Torrance, California in early 2023, the company announced.

Crude Oil

Norway’s Equinor Not Entering Any New Trades for Russian Oil

Following the beginning of the process to exit its projects in Russia, Norwegian state-owned oil and gas player Equinor has now also decided to stop trading in …

Oil Price

Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock …

Oil Price

Indian Govt to Make Calibrated Interventions to Keep Fuel Prices Under Control

Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index is directly related to t…

Oil Shale

US Shale Still Finding Footing amid Market Chaos

US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…

Nuclear Power Plant

Finland’s Much-Delayed Nuclear Plant Starts Producing Power

The Olkiluoto 3 nuclear reactor, Finland’s first new nuclear plant in four decades, has recently started test production.

Energy Transition

Eni Sells 49% of Its Business Enipower

Oil and gas company Eni has announced it has agreed to sell a 49% stake in its power generation business unit Enipower.

Crude Oil

Saudi Considering China’s Yuan for Oil Purchases

Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.

Wind Power Project

Vestas Secures First Estonian Wind Project

Vestas has received a 21 MW order from Enefit Green AS’s subsidiary, Enefit Wind Purtse, for the Purtse wind project in Estonia, which represents Vestas’ mark…