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Australia

EU Crisis Opens Opportunity for Australian Green Energy Exports -Fortescue

The energy crisis in Europe presents a huge opportunity for Australia to export more green energy, the chief financial officer at Fortescue Future Industries (F…

Nuclear Fusion

Fusion in the UK Takes Another Step Forward

Tokamak Energy announces collaboration with UK Atomic Energy Authority on developing fusion energy.

Hydrogen Production

Scotland’s Offshore Hydrogen Production and Storage Awarded £2m

The funding will support the HOP2 project, which aims to demonstrate the feasibility of storing hydrogen in repurposed oil and gas assets.

United Kingdom

British Households Should Cut Energy Use Where Possible This Winter -Ofgem

British households should reduce their gas and electricity use where possible this winter to help cut costs and reduce the risk of power cuts.

Natural Gas

EU Leaders May Back New Gas Price Benchmark, Document Shows

European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers an…

Crude Oil

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.

Crude Oil

Oil Slides as U.S. Crude and Gasoline Stocks Surge

Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Electric Car

GM Launches Energy Storage Business

GM Energy is aimed to provide a range of home, business and electric vehicle (EV) energy storage and charging products and services.

Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Carbon Neutral

UK Professors Say Hemp Can Make Scotland’s Agricultural Sector Carbon-Neutral

Boosting hemp production in Scotland could bring “huge” environmental benefits to the agricultural sector, according to a new report.

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

LNG

Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive

U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…