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Oil Price
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…
Net Zero Emission
Global Green Finance Increased 100x in Last Decade
Green finance worldwide has grown by more than 100 times in the last decade.
Energy Transition
Chevron Comes on Board Global Centre for Maritime Decarbonisation
Integrated energy company Chevron has entered into an agreement to join the Global Centre for Maritime Decarbonisation (GCMD) and help support the centre’s eff…
Hydrogen Production
Dutch and German Cooperation in Hydrogen Production From Offshore Wind
Cooperation between the Netherlands and Germany to develop a common hydrogen market boosts opportunities for realising a decarbonised regional economy, the Hy3 …
LNG
China Signs Another Deal to Buy US LNG
US-based Next Decade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years starting as early as 2026 from…
Offshore Wind Power
Wind Installations Need to Quadruple by 2030 to Achieve Net-Zero
GWEC recently released Global Wind Report 2022 confirms that the record years for several regions and offshore wind installations reflect strong market growth, …
Offshore Wind Power
U.S. Wind Energy Is Venturing Offshore
The first major offshore wind project in the U.S. is underway, decades after similar efforts in Europe. Many other U.S. proposals are now on the horizon.
Floating Solar Project
Floating Solar Installations Growing Across Globe, Especially in Asia
Floating solar installations continue to grow globally, with Asia set to lead the way in the next decade, which presents significant opportunities for its combi…
Oil Price
Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline…
Carbon Neutral
Meta Advances Sustainability Goal with Solar Farm, Net-Zero Data Center
Meta, the parent company of Facebook and Instagram, said it is advancing its clean energy and sustainability goals with plans for a net-zero data center in Miss…
Offshore Wind Power
Norway Setting Strategy for Offshore Wind
Offshore wind is big business in the North Sea, with dozens of wind power installations commissioned in the region over the past two decades.
Net Zero Emission
Countries Can Achieve Net-Zero Carbon Emissions While Maintaining Economic Growth, Study Says
A new paper in Oxford Open Energy, published by Oxford University Press, indicates that countries can get to net-zero carbon emissions by 2050 while maintaining…
Paris Climate Agreement
Wind and Solar Energy Generate 10% of Global Electricity
Ember research found 50 countries generate more than 10% of their electricity from wind and solar energy in 2021, up from 43 in 2020.
Carbon Emissions
Australia’s Santos Deepens 2030 GHG Reduction Target
Australian independent Santos plans to deepen its greenhouse gas (GHG) emission cuts to 30pc for scope one and two emissions by 2030, up from its previous targe…
Net Zero Emission
Climate Week Opens with Strong Call to Accelerate Climate Action
The first-ever Middle East and North Africa (MENA) Climate Week, MENACW 2022, opened with a strong call to accelerate the implementation of the Paris Agreement.
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