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Crude Oil
As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production
Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…
Carbon Neutral
A Japanese Project Demonstrates a Carbon Neutrality Pathway for Coal Power
Osaki CoolGen Corp.’s complex three-phase demonstration project in Hiroshima Prefecture seeks to achieve highly efficient coal-fired power generation with near…
Wind Farm
Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm
Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…
Nuclear Reactor
DOE Formalises Test Reactor Decision
The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reacto…
OPEC
OPEC+ May Keep Production Quota Unchanged at Next Week’s Meeting
The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources t…
Energy Storage Battery
European Battery Stakeholders to Collaborate
The Batteries European Partnership Association (BEPA) and Batteries Europe are integrating their working groups.
Net Zero Emission
Blockchain 24/7 Carbon-Free Energy Traceability for Corporates
European blockchain start-up FlexiDAO’s energy traceability solution is to be offered in conjunction with Altenex Energy’s Insights.
Natural Gas
Europe Signs off Voluntary Gas Cuts to Combat Energy Crunch
Member states agreed to reduce their gas demand by 15% compared to their average consumption in the past five years
Natural Gas
EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
Europe Needs Faster Renewables Growth Rate to Reach Climate Goals
Wind and solar energy deployment in the European Union is not proceeding fast enough to meet global climate goals due to a slow permitting process, a report by …
Natural Gas
EU Backs €406.4M Dutch Scheme to Support Filling of Gas Storage Facility
The scheme will enable the Netherlands to ensure existing gas storage facilities are filled up to at least 80% of their capacity by 1st November 2022 and comply…
Natural Gas
US Natural Gas Hits Highest Level Since 2008, on Pace for Best Month Ever as Russia Cuts Supply
Natural gas prices are surging around the world as scorching temperatures stoke demand for the fuel, and as Europe’s push to move away from Russian fuel roils …
Natural Gas
Return of Coal a Threat to European Companies’ ESG Ratings
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to…
Spain
Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one millio…
Electric Car
Volkswagen-Backed Northvolt to Develop Wood-Based Batteries for EVs
The attempt to develop battery materials from a range of sources comes as major European economies lay out plans to move away from road-based vehicles that use …
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