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Energy Transition
Ukraine War, Pandemic Set to Speed Europe’s Green Energy Transition, Report Finds
Most European Union countries have boosted their renewable plans since 2020, putting them on course to cut fossil fuel use this decade as the energy and COVID-1…
EU
EU’s Borrell Hopeful of Deal on Russian Oil Ban
European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, d…
Natural Gas
Burning Gas to Produce Electricity Is ‘Stupid,’ the CEO of Power Giant Enel Says
In Francesco Starace’s opinion, change is coming to Europe, where the EU has said it wants to be carbon neutral by 2050.
LNG
EU Plans First Joint Gas Buying Before Winter
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil…
Energy Transition
IRENA Backs UN Call to Speed up Energy Transition
UN Secretary-General Antonio Guterres outlined 5 critical actions to jumpstart transition.
Energy Storage Battery
UN Calls for ‘Global Coalition on Battery Storage’
As the global climate crisis unfolds, António Guterres, secretary-general of the UN, has highlighted the crucial role battery storage can play in tackling it. …
Oil Price
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…
Crude Oil
More Oil From U.S. Strategic Petroleum Reserve Heads to Europe
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…
Natural Gas
European decarbonisation and Fuel Independence From Russia ‘Impossible Without Energy Storage’
The European Union has no choice but to develop a coherent strategy on energy storage if it is to achieve its decarbonisation goals and end its dependency on Ru…
Net Zero Emission
UAE Ahead of the Curve as It Pursues 2050 Net-Zero Target, Enec Chief Says
The UAE is ahead of the curve as it works towards reaching net-zero emissions by 2050 due to its investment in several clean energy projects, a senior official …
SMR
Tractebel to Conduct Nuward SMR Conceptual Design Studies
Tractebel is to contribute to the development of France's Nuward small modular reactor (SMR) project. The Belgian engineering firm will conduct studies for the …
Crude Oil
Oil Slips as Investors Eye EU Vote on Russian Oil Ban
Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…
Oil Price
Oil Rises, Defying Stock Market Falls as Supply Concerns Persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …
Oil & Gas Trade
Possible to Pay for Russian Gas While Complying with Sanctions - Uniper
Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even t…
Crude Oil
EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…
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