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Oil & Gas Supply

IEA Unveils 10-Point Plan to Cut Oil Supply Crunch

The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…

Electric Car

Porsche Sets Goal for 80% of Sales to Be Electric by 2030

Porsche has updated its electrification goal today with the release of its financial results. The German automaker now sets a goal for 80% of sales to be all-el…

Wind Turbine

GE's Produces World's Largest Recyclable Wind Turbine Blade

Through its massive wind turbines and innovative offshore designs, GE continues sharpening its toolkit in a bid to built the future of sustainable energy, and a…

Oil Exploration

Proceeds of Oil and Petroleum Exploration to be Equally Divided Between States in DAB

Chief Minister of Assam has positively indicated for equally dividing the proceeds of Petroleum and Oil exploration and extraction between the two states in sec…

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.

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.

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.

Nuclear Power Plant

Court Orders South Africa Government to Clean up Air in Coal Belt

A South African court on Friday upheld a complaint by activists that poor air quality in the coal belt is a breach of constitutional rights, giving the environm…

Nuclear Power Plant

IAEA Continues Efforts for a Safety Framework for Ukraine

The International Atomic Energy Agency (IAEA) director general says consultations about an agreement for the safety and security of Ukraine's nuclear facilities…

Electric Car

India to Pilot Hydrogen Vehicles

In the initiative Toyota’s Indian operation Toyota Kirloskar Motor is partnering with the International Centre for Automotive Technology (ICAT) to evaluate the…

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.

Crude Oil

Indian Purchase of Russian Oil not Violation of Sanctions: US

The White House has said that India would not be violating sanctions if it purchased discounted oil from Russia but doing so would put New Delhi on the wrong si…

Crude Oil

Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%

Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the thr…