The U.S. and 21 other countries have said they want to triple the global generation capacity of nuclear power by mid-century. The pledge, announced Dec. 2 at the United Nations’ COP28 climate summit in Dubai […]
After a year of struggles for offshore wind developments amid rising costs, canceled projects, and failed auctions, governments and policymakers in Europe and the U.S. have realized they may need to pay up to ensure […]
Part of the reason oil prices went lower rather than higher last week despite the OPEC+ announcement was the suspicion that some of the cuts will remain so only on paper. Because of algorithms-driven trading, […]
Sultan Al Jaber, who is state oil CEO, had said phase-out of fossil fuels would take world ‘back into caves’ The president of Cop28 has been forced into a fierce defence of his views on […]
Elpedison, a power firm owned by Greece’s Hellenic Petroleum and Italy’s Edison, is inviting companies willing to secure capacities at its planned Thessaloniki FSRU project to submit their bids. The firm announced on Monday it […]
Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in November, the same number of shipments as in the previous month. According to data by state-owned Perupetro, during October the […]
A 128-year-old Cleveland-area industrial equipment manufacturer is among the newest makers of fast chargers for the growing electric vehicle market. Lincoln Electric’s new Velion DC fast charger adapts and adds to technology the company has […]
World Oil (WO) – On Saturday, Dec. 2, the Biden administration unveiled a new methane emissions rule at COP28 aimed at “sharply reducing methane and other pollutants from the oil and natural gas industry” by […]
Russian exports of liquified natural gas (LNG) to Europe hit an all-time high of 1.75 million tons in November, the Kommersant business daily reported on Monday, citing data by Kpler. The previous record was set […]
The drop in new orders was off an all-time high, while unfilled orders rose to an all-time high. Orders by major category. By Wolf Richter for WOLF STREET. The headlines had a kind of shocking collapse-is-nigh quality: Manufacturing […]
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