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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…

Natural Gas

After more than a Week, Gas is Still Leaking on the North Slope

Ten days after a natural gas leak was discovered at its Alpine oil development on Alaska’s North Slope, ConocoPhillips is still trying to identify the exact so…

Offshore Wind Power

Mainstream Renewable, Aker Get 50% Stake in Floating Offshore Wind Project in Japan

​Mainstream Renewable Power and Aker Offshore Wind have completed a transaction, acquiring an initial 50% of an 800-megawatt floating offshore wind project in …

Oil Exploration

Drilling Firm Challenging Denial of Oil Exploration Efforts in Big Cypress Swamp

Burnett Oil Co. did not have a rendering of its proposed exploratory oil drilling facility it might build in the Everglades should permits be granted. This is a…

Natural Gas

Average US Gas Price Rises 22% in Two Weeks to Record $4.43

The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters) as Russia…

Crude Oil

Rising US Oil Clout on Show in Houston

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the …

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Rooftop PV System

China Drives Rooftop Solar Growth

China is driving growth in rooftop solar photovoltaic (PV) capacity after it increased its installations to 27.3 gigawatts (GW) in 2021 from 19.4GW in 2017.