Latest Stories

German foreign minister: Russia's current actions a "factor" in delaying NS2 certification

16 December 2021

German foreign minister: Russia's current actions a "factor" in delaying NS2 certification

ACP: expanded offshore wind leasing in the US could generate $4.5bn in new federal revenue

15 December 2021

A new report by the American Clean Power Association (ACP) finds that expanded offshore wind leasing in the United States could generate up to $4.5bn in new federal revenue.

Shell acquires US solar company Savion from Macquarie

15 December 2021

Shell New Energies US, a subsidiary of oil supermajor Royal Dutch Shell, has signed an agreement to buy 100% of Savion, a large utility-scale solar and energy storage developer in the United States.

Talks lagging between Biden and Manchin on $2 trillion bill that boosts renewable energy

15 December 2021

Urgent talks between President Joe Biden and obstructionist moderate Democratic Senator Joe Manchin are not going well, according to an anonymous source speaking with the Associated Press on the morning of December 15.

Brussels outlines ambitious plans for hydrogen, methane use in bid to strengthen gas market

15 December 2021

The European Commission has published a draft bill to promote the use of hydrogen and biomethane across Europe, and to strengthen the resilience of the gas system after months of volatile gas prices and supply worries.

AsiaElec: ADB to lend $600mn to Indonesia to fund grid resilience

15 December 2021

The Asian Development Bank (ADB) is to lend $600mn to Indonesian state-owned utility PLN to improve grid reliability and resilience in western and central Java, and to renewable energy.

REM: Western Spirit transmission line sold to PNM Resources for $285mn

15 December 2021

Public Service Company of New Mexico has closed its $285mn purchase of the Western Spirit transmission line in New Mexico. The line will accommodate up to 800 MW of new wind energy in the eastern part of the state.

Libyan contradictions and contraindications

15 December 2021

The Libyan oil sector appears to be drawing interest from several major IOCs, but the impending presidential election could spark enough turmoil to prevent a new wave of investment.

Lack of funding presents a challenge for oil and gas industry – GNPC

15 December 2021

Climate change and threats to the environment have led to a global campaign to shift to renewable energy such as solar, or production of electric cars, among others.

Suncor, Cenovus to ramp up spending in 2022

15 December 2021

Canadian oil sands giants Suncor Energy and Cenovus Energy have both said that they intend to raise their capital expenditure and production in 2022.