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Energy Transition

BP Sees Energy Transition Progress and Challenges

BP released its latest Energy Outlook to 2050 on Monday, which sets out its thinking on how the energy transition will unfold.

EV Technology

Interest in Electric Aircraft Grows as NASA Nears Test of X-57 Maxwell

NASA is planning its first crewed test flight of an all-electric plane, the X-57 Maxwell test aircraft, in the next few months as interest in electric aircraft …

Oil Price

EIA Hikes Oil Price Forecast To $105 This Year

The Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO), significantly raising its February forecast of $82.87 after Rus…

Natural Gas

US Off-Target to Reach Biden Decarbonisation Goals Despite Wind and Solar Boom

Despite rapid growth of renewables plant construction across America, nation will still be relying on coal and natural gas for 44% of power generation in 2050, …

Nuclear Reactor

Indian Test Reactor Reaches Operation Landmark

India's fast breeder test reactor (FBTR) has reached its full 40 MWt design power level for the first time, more than 35 years since it first started operating.…

Oil & Gas Supply

U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX

U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer pric…

Energy Transition

Why $100 Oil Could Hurt the Energy Transition More Than It Helps

The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the glob…

Natural Gas

Italy Considers Increasing Natural Gas Supply from Algeria

The latest move by Italy comes as Western sanctions on Russia threaten to disrupt the gas flow.

Wind Power Project

Three Boralex Projects Selected in the Latest Call for Tenders in France

Boralex Inc. is announcing that three of its wind projects totalling 61.9 MW have been selected in the latest CRE 09 onshore wind call for tenders conducted by …

Wave Energy

Eni Joins Technical Advisory Board of EU-backed Wave Energy Project

Italian energy giant Eni has joined the technical advisory board of the IMPACT project, a collaborative research and innovation scheme which aims to develop nex…

LNG

Shell to Exit Russia After Ukraine Invasion, Joining BP

Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…

LNG

Japan's JERA Does Not Currently See SWIFT Ban Impacting Sakhalin 2 LNG Imports

Japan's largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from t…

Oil & Gas Supply

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output

Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …

Natural Gas

Is Hydrogen a Better Bridge Fuel Than Natural Gas?

With the latest events unfolding in Ukraine, the topic of natural gas dependence and its implications has once again taken center stage.

OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data

OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…