Equinor invested $2.5 billion for a 9.8% stake in Danish offshore wind developer Orsted to expand its renewable energy portfolio despite sector challenges.
Energy
Oil Prices Hit Three-Month High Due to Stronger Demand and Colder Weather
Oil prices remain high, supported by colder weather and geopolitical factors, with Brent at $76.73 and WTI at $74.19, as demand rises and sanctions tighten supply.
Biden Bans Offshore Oil Drilling to Protect US Waters, Limiting the Country's Energy Production
Biden's ban on offshore drilling protects 625 million acres of US waters, prioritizing climate goals, but may face legal challenges from future administrations.
Europe Faces Higher Gas Prices After Ukraine Cuts Off Gas Supply From Russia
Ukraine has halted Russian gas transit to Europe after its deal expired, citing national security, with European nations now relying more on alternative energy sources amid rising prices.
Trump Pushes for Faster Oil Drilling on Federal Lands, Affecting US Energy Production and Climate Goals
Trump's proposed energy plan seeks to boost US drilling, expand gas exports, and roll back climate policies, raising concerns about environmental and regulatory impacts.
Latest News
Oil prices saw a slight increase following Israel's airstrike that killed the Hezbollah leader, but no significant disruptions to oil supplies are expected as the market anticipates no major war between Iran and Israel.
Ovo has been ordered to pay $3M (£2.4M) in compensation and fines after regulators found it failed to address 1,395 customer complaints promptly, with each customer receiving $301 (£271).
In this exclusive Q&A, founder Walter Breidenstein shares insights into GasTechno® 's latest developments, the vision behind their new energy center, their ambitious plans for an IPO, and how they aim to revolutionize the renewable energy industry.
As the need for pollution reduction and decarbonization clashes with soaring power demands, the world faces an unprecedented challenge: how to deliver the peak power needed? Facilities want to replace carbon-based heating with high-power electric and non-polluting Electric Vehicles (EVs), and they need more high-power fast chargers to reduce range anxiety and accelerate EV adoption.
California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
US miners and battery recyclers are rushing to secure government loans before January due to concerns that a re-elected Donald Trump could block crucial funding for domestic mineral production.
US crude oil prices rose to $74.92 per barrel on Thursday, driven by supply disruptions in Libya and weak demand from China.
Kilows integrates patented components into an energy storage system that transforms the way charging stations are deployed. Unlike conventional deployment methods that rely on large-scale grid connections, which are impractical, expensive, and unavailable where they are needed most, Kilows technology enables rapid modular deployment and high-power charging where power is minimally available.
Oil prices are rising due to recent conflicts between Israel and Hezbollah, with fears of Iranian retaliation potentially disrupting global oil supplies and pushing Brent crude to $75-$85 per barrel in September.
