The energy crisis of winter 2021 highlighted significant weaknesses in the retail energy market’s financial resilience. In response, the energy regulator is proposing the Supplier of Last Resort (SoLR) Levy Offset (SLO) as part of […]
BP said that it would be implementing a hiring freeze and pausing new offshore wind farms as it focuses on oil and gas to satisfy investors. British oil company BP is divesting its U.S. onshore […]
The stunning attacks are a setback for Hezbollah but raise risks for Israel. The stunning Israeli operations that led to the near-simultaneous explosions of pagers belong to thousands of Hezbollah members on Tuesday and then, […]
20 energy groups urge Congress to repeal the Biden-Harris EV mandate, arguing it undermines consumer choice and imposes excessive regs. Energy-focused organizations called on lawmakers to scrap the Biden-Harris administration’s electric vehicle (EV) “mandate” in […]
Rising CO2 boosts crop yields, enhancing food security and farm incomes globally, while improving water-use during droughts and tough conditions. How can carbon dioxide, which has been portrayed as a dangerous pollutant threatening the very […]
Iberdrola has launched the Saint-Brieuc offshore wind farm in Brittany, France. The €2.4 billion (£2bn) project has a capacity of 496MW and will provide clean energy to nearly one million people in the region. It […]
Nuclear energy is increasingly being discussed as a key component in global efforts to improve energy security. At the “Roadmaps to New Nuclear” conference in Paris, nuclear industry associations from various countries, including the US, […]
Wärtsilä, in partnership with Chevron Shipping, is converting one engine on six of Chevron’s LNG carriers from dual-fuel (DF) to spark gas (SG) operation, a first-of-its-kind project in the marine industry aiming to reduce methane […]
By Wolf Richter for WOLF STREET. The new motto: Lower mortgage rates and too-high prices cause demand to wilt as potential buyers wait for still lower mortgage rates, lower prices, and higher wages – something that Fannie Mae […]
Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]
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