Latest Stories

Will Europe's energy supply allow it to make it through the winter?

20 October 2022

Europe has filled its gas storage facilities to close to 95% of capacity, and prices are substantially down from previous spikes. How the continent’s energy system will fare this winter, however, will depend on a number of factors.

Iran unrest spreads to sugar factory, gas workers might be striking too

20 October 2022

Reports indicate that, while persistent, protests have become scattered. Widespread industrial action would give protesters fresh momentum.

GE unveils new designs for Haliade-X offshore wind turbine in midst of patent row

19 October 2022

GE has unveiled new designs for the Haliade-X offshore wind turbine because of its patent dispute with rival manufacturer Siemens Gamesa Renewable Energy (SGRE).

Siemens Gamesa calls for quotas on EU-made wind turbines

19 October 2022

Siemens Gamesa, the leading wind-turbine manufacturer, has called for a quota system on the amount of EU-produced turbines installed in the trade bloc, reports the Financial Times.

BayWa r.e. unveils subsidy-free floating wind project off Portugal

19 October 2022

BayWa r.e. of Germany has applied to secure the seabed rights for a floating offshore wind project off Portugal. The company said the project will be the world’s first floating wind project that is subsidy-free.

Volume of Russian fuel delivered to Middle East remains high in September

19 October 2022

Russia continued to deliver higher than usual volumes of petroleum products to buyers in the Middle East in September, even though deliveries dropped month on month.

Nakilat reports net profits, revenues up in Q3-2022

19 October 2022

Nakilat, the Qatari LNG shipping company, has reported that its net profits and revenues went up in the third quarter of 2022.

“Overriding public interest” essential to renewables in the EU: WindEurope

19 October 2022

The EU wants a massive expansion in renewable energy. It wants wind energy to grow from 190 GW today to 510 GW by 2030. But Europe is not building enough wind farms to reach this target, says WindEurope.

NorthAmOil: Diamondback to acquire FireBird for $1.6bn

19 October 2022

Diamondback Energy has announced a major Midland Basin acquisition, having agreed to purchase the Permian driller FireBird Energy for $1.6bn in cash and stock.