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Oil Price

Oil Climbs on Pressure From Ukraine Conflict, Tight Market

Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their…

Geothermal Power Plant

US Firm Plans Geothermal Deep Closed-Loop Cooling System in Bali, Indonesia

U.S. company GEIOS together with Indonesian partner plans the first deep closed-loop geothermal system for geothermal heat transfer for district cooling in Bali…

Geothermal Power Plant

Significant Increase in Geothermal Development in Kenya

With an installed capacity of 863 MW, geothermal produced around 48% of all electricity supplied in Kenya in 2020/ 2021.

Hydrogen Project

European Investment Bank Looking to Invest in Hydrogen Projects

The European Clean Hydrogen Alliance has announced a call to action for projects in the hydrogen sector to submit proposals by 5 April 2022 for funding from the…

SMR

Boris Johnson to Host Nuclear Energy Roundtable to Remove Barriers to New Developments

The Prime Minister is set to host a meeting on how to remove the barriers to increasing the UK’s nuclear power output, No 10 has announced.

Hydrogen Production

New Partnership to Pave Way for Next-Generation, Cost-Competitive Green Hydrogen Production

The efficiency of electrolysers will be explored in order to generate cost-competitive green hydrogen with the creation of a Partnership Research Chair at the U…

SINOPEC

Aramco in Discussions with Sinopec on Downstream Ventures

Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

Hydrogen Fuel Cell Vehicle

First Hydrogen Fuel Cell Car in India is the Toyota Mirai

The vehicle will be used as a part of a pilot project in the country along with the ICAT.

LNG

Germany in Talks with Qatar on Long-Term Gas Supplies to Reduce Russian Dependence

Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe's biggest economy seeks to become …

Carbon Neutral

Will 30 Years Be Enough to Achieve Carbon Neutrality?

Countries need time to decarbonise old assets, too, Black & Veatch claims.

United States

Energy Major BP Aims to Double Convenience Earnings by 2030

Energy major bp recently unveiled a series of new initiatives for innovating the future of fuel and convenience stations in the US.

Oil & Gas Supply

Europe Can Survive Throughout Summer Without Russian Gas

If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.

Electric Car

Maserati Goes all Electric

Maserati has announced it is ready to unveil its Folgore Gran Turismo, the first car in the Italian luxury car brand’s history to be powered entirely by batter…

Crude Oil

National Daily Oil Output Totals 684,100 Barrels

Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.