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Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
Electric Car
U.S. Senate Democratic Deal Would Expand EV Tax Credits
A Senate Democratic deal includes a new $4,000 tax credit for used electric vehicles and other new tax credits and grants for automakers to retool factories to …
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
Oil Refinery
NTPC, IndianOil Partner to Form JV for Renewable Energy
IndianOil plans to supply the additional power requirements of its refineries with RE by December 2024.
United Kingdom
Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
Net Zero Emission
New Zealand to Review Industry Support for Emissions Costs
New Zealand will review the provision of free climate pollution credits to local industry in a move to stop over-allocations to some businesses and encourage de…
Uniper: How Long 2 Bln Euro Credit Facility Will Last Depends on Market
Embattled German utility Uniper said that how long a 2 billion euro ($2.02 billion) credit facility it drew down earlier Monday would depend on how the market d…
OPEC
OPEC+ to Assess Oil Market, Take Necessary Steps: Saudi FM
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would con…
Saudi Arabia
Saudi Arabia: No Additional Capacity to Increase Oil Production Beyond 13 Million Bpd
The kingdom said it is targeting production capacity of 13 million bpd by 2027
Renewable Power Remains Most Affordable Amid Energy Crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs.
Gastech Unveils 2022 Programme and Speakers
Gastech, with co-hosts Baker Hughes, Chevron, Eni, and Tellurian, has announced the conference programme for its 50-year anniversary edition, Gastech 2022 in Mi…
Energy Saving
‘Smart Window’ Demonstrates Energy Saving Potential
The Dutch innovation organisation TNO has reported its solar smart window is performing successfully in real world conditions.
Canada Invests $8M Into 3D Vector Mapping to Expedite Net Zero Efforts
Ecopia AI has announced a funding partnership with Sustainable Development Technology Canada (SDTC) to support the creation of digital twins via high-precision …
United States
Wärtsilä to Deliver Five Solar + Storage Projects in the US
Image credit: 123rf.comTechnology group Wärtsilä is delivering a 500MW/2GWh portfolio of solar energy and storage systems to clean energy developer an…
Offshore Wind Power
Offshore Wind Industry Sees 21.1GW Additional Capacity in 2021
The GWEC marked this as the industry's “best-ever” year.
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