Latest Stories

Novatek pushes for state support for hard-to-recover gas resources

28 September 2023

Developing hard-to-recover natural gas reserves in Russia requires a special state support programme, Vladimir Kudrin, the deputy chairman of the board of the country’s top LNG exporter, Novatek, said at a forum in Tyumen on September 20.

Russia ramps up oil well commissions this year

28 September 2023

Russia commissioned 14% more oil wells in the January-July period of this year than the corresponding period of last year, sources with access to energy ministry statistics told the Moscow-based Vedomosti newspaper on September 19.

State-owned oil & gas company Pertamina participates in the launch of IDXCarbon, Indonesia's Carbon Exchange

27 September 2023

As part of its commitment to support sustainability and energy transition agendas in Indonesia, Pertamina took part in the launch of the IDXCarbon carbon exchange on September 26, Investor Daily reported.

Indonesia collaborates with JBIC to boost renewable energy development

27 September 2023

The Indonesian government has forged a partnership with the Japan Bank for International Cooperation (JBIC) to advance renewable energy development in the country, Antaranews reported.

Biden orders US agencies to account for social cost of carbon

27 September 2023

US federal agencies must now account for climate change in their budgets, such as when deciding what vehicles or equipment to buy.

Lagging policy support and rising costs put clean hydrogen investment at risk- IEA

27 September 2023

Momentum behind low-emissions hydrogen continues to grow despite the slow roll-out of financial incentives and stubborn cost pressures that threaten to delay projects, says the International Energy Agency (IEA) in a new report.

EU wind power package to be unveiled in October – report

27 September 2023

The European Union is planning to propose way to help its troubled wind sector in October. Supply chain problems and inflation have hampered projects.

QatarEnergy renews naphtha supply deal with Marubeni

27 September 2023

State-owned QatarEnergy this week signed a new 10-year deal to supply naphtha to Japan’s Marubeni Corp.

US steel company makes plans for nuclear fusion

27 September 2023

US steel company Nucor and Helion Energy plan to develop a 500-MWe nuclear fusion plant at one of Nucor’s steel manufacturing plants.

First Solar breaks ground on $1.1bn Louisiana manufacturing facility

27 September 2023

First Solar Inc. has broken ground on a manufacturing facility in Louisiana, its fifth fully vertically integrated factory in the United States. The ceremony was attended by the Governor of Louisiana, John Bel Edwards.

HSBC to offer $1bn funding for climate tech startups

27 September 2023

London-based bank HSBC will make $1bn in funding available to climate tech startups around the world.

Clean energy growth keeps narrowing Paris goal open – for now

27 September 2023

The path to limiting global warming to 1.5 °C has narrowed, but clean energy growth is keeping it open, says the International Energy Agency (IEA).

Europe’s toxic air – “severe public health crisis”

27 September 2023

Europe faces a “severe public health crisis” with dangerous levels of pollution across the continent, according to an investigation by the Guardian newspaper.

EU to demand e-fuel vehicles are carbon neutral

27 September 2023

The EU is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, reports Reuters, citing a draft document.

German onshore wind auction opens final round for 2023

27 September 2023

Germany’s Federal Network Agency (BNetzA) has launched the last round of this year’s onshore wind auction aiming for 3.19 GW of onshore wind capacity with a bid cap of €73.50 ($78.44) per MWh. This is the same as the previous auction.

Iraq to hand Akkas contract to Ukrainian company

27 September 2023

The Iraqi government is reportedly planning to award a contract for the development of the Akkas gas field to a Ukrainian company as part of its ongoing efforts to harness its underutilised natural gas reserves.

Ireland awards 646 MW of renewables in auction

27 September 2023

The latest auction, Ireland's Renewable Electricity Support Scheme (RESS) 3, has delivered 646 MW, the smallest volume of renewables so far in any Irish auction.

Microsoft mulling advanced nuclear strategy

27 September 2023

Tech giant Microsoft is getting more heavily into small-scale advanced nuclear power for its data centres.

Brazil’s diesel market hit by uncertainty as Russia halts oil products exports

27 September 2023

Brazil’s diesel importers are being hit by uncertainty after Russia suspended exports of diesel and gasoline as it tries to stabilise domestic fuel prices and reduce supply shortages, Platts reported on September 22.

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