Energy

BRITAIN-SCOTLAND-UN-CLIMATE-COP26-ENERGY

UK Government Abandons Hydrogen Town Pilot Amid Heating Decarbonization Efforts

The UK government canceled a crucial hydrogen town pilot, which damaged plans for hydrogen heating systems and raised questions about decarbonization strategies.


Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord

Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year.

Shell to Sell Oil Refineries and Chemical Assets in Singapore for Less Than $1 Billion

Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and strategic alignment with CAPGC.

Global Fuel Consumption Might Drop in 2024, Experts Say

Global gasoline demand growth may half in 2024 due to a return to normal consumption after COVID-19 and a shift to electric cars in China and the US.


Latest News

solar
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
SunPower Announces Mass Layoff As It Ceases Residential Installations
SunPower announced a mass layoff that would affect thousands of employees as it ceases residential installations.
Renewable Energy Supplies More Than 30% of the World's Electricity for the First Time
California achieves a historic feat, powering the grid with 100% renewable energy for 30 consecutive days, signaling progress towards ambitious clean energy goals.
Deb Haaland, Joe Biden
This milestone aligns with President Biden's goal to make the US power grid carbon pollution-free by 2035, a key initiative in combating climate change and securing energy resources.
Russia Destroys Ukraine's Largest Power Plant After Launching Widespread Attacks on Energy Grid
A devastating series of Russia's overnight strikes has left the Trypilska thermal power plant in ruins, dealing a severe blow to Ukraine.
Winter Storm Uri Brings Ice And Snow Across Widespread Parts Of The Nation
Oklahoma sued two Texas natural gas companies for purposefully reducing gas supply during Winter Storm Uri in 2021, raising prices and making huge profits.
Biden admin adjusts EV targets to 35%, balancing industry concerns. EPA's new rules ease the transition, aiming for 50% emissions cut by 2032 amidst environmental and economic considerations
Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages.
Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat.
Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets.
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