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Crude Oil

Latin America’s Crude Exports Drop In August

Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July

CCS

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …

Energy Investment

‘Tepid’ Demand for U.S. Sustainable Funds in July, Report Says

Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and…

Wind Turbine

Azure Power Signs Deal With Siemens Gamesa for Wind Turbines

Siemens Gamesa to supply 96 units of SG3.6-145 onshore wind turbines to be supplied to Indian independent sustainable energy solutions provider Azure Power

Carbon Emissions

EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level

Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc's statis…

LNG

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…

Energy Storage Battery

Blackrock Makes $700 Million Investment in Australian Battery Storage

Effective, large-scale storage systems are set to become increasingly important as renewable energy capacity expands.

Wind Power Project

Nordex Receives Orders for 100 MW of Wind Power From Germany in July

Nordex will supply 19 wind turbines for various customers, including projects in Baden-Württemberg, North Rhine-Westphalia and Mecklenburg-Western Pomerania.

Crude Oil

Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…

Hydrogen Production

Total Eren Plans 2GW Solar + Hydrogen Hub in Australia

Australia’s Northern Territory Government and Paris-based energy company Total Eren have signed a memorandum of understanding (MoU) to develop a new green hydr…

Oil & Gas Supply

Europe’s Efforts to Shield Households From Soaring Energy Costs

Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…

Natural Gas

German Energy Market Would Collapse Without Gas Levy - Habeck

Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …

Oil Field

Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offs…

CCS

Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects

Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…