Oil
IEA: Oil and gas industry must reduce emissions by 60% by 2030 for 2050 net-zero scenario
In a report released on Wednesday, the International Energy Agency (IEA) stated that the oil and gas industry will need…
Adani to raise up to $800m for renewable projects
India’s biggest energy conglomerate Adani Group plans to raise approximately $800m for renewable energy projects, Bloomberg reports. According to sources…
National Grid quits North Sea carbon capture project
The UK’s National Grid will quit its carbon capture and storage (CCS) venture in the UK North Sea in a…
Conducive environment for oil and gas companies’ push into renewables
Renewable energy-based power generation is expected to grow at a CAGR of 6.9% between 2022 and 2030. As of 2022,…
TotalEnergies puts green hydrogen deal with Adani Group on hold
France’s biggest energy company TotalEnergies, previously named Total, announced yesterday that it will postpone an agreed deal with Indian conglomerate…
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French bank to cut 80% of oil extraction and production funding by 2030
French bank BNP Paribas announced on Tuesday that it intends to cut its oil extraction and production funding by 80%…
Moldova faces winter darkness as Russia weaponises energy
The Republic of Moldova faces rolling blackouts this winter. The country is already suffering an energy crisis and household energy…
“You must have partnership with the private sector”: in conversation with the African Energy Chamber’s N J Ayuk
Africa’s state-owned electricity generation and distribution companies need partial or full privatisation to make the region’s energy market a lot…
Ørsted instructed to restart oil and coal-fired power plants
Danish authorities have ordered energy company Ørsted to resume operations at its oil and coal-fired power stations to ensure the…
Germany nationalises Uniper to prevent bankruptcy
On Wednesday, the German Government announced it had reached an agreement to nationalise power generator Uniper to prevent the company’s…