BP announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tons […]
A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be a new supercycle — an extended period during which demand drives prices well above their long-run trend. […]
Over the past decade, no major energy source has grown faster than solar power. According to the 2020 BP Statistical Review of World Energy, installed solar photovoltaic (PV) capacity has grown at an average annual […]
Oil topped $66 a barrel as traders assessed prospects for further recovery from the pandemic and the outlook for rising global demand as the OPEC+ alliance presses on with output curbs to drain inventories. West […]
Mexican President Andres Manuel Lopez Obrador said on Wednesday he would send an initiative to Congress to reform the constitution if a new law to increase state influence over the electricity market is deemed unconstitutional. […]
Late last year, the Trudeau government unveiled its new climate plan, which calls for the federal carbon tax to reach $170 per tonne by 2030, with revenues rebated to households or spent by Ottawa. This […]
Energy News Beat Publishers Note: There are some real nuggets in the full International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) STEO released this morning. The bottom line: Global economic growth in […]
Oil markets aren’t on the verge of a new price supercycle as plentiful supplies mean any concerns of a shortfall are misguided, the International Energy Agency said. Crude rallied to a 14-month high last week after Saudi Arabia and […]
The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s biggest supertankers are actually subsidizing the delivery of cargoes. Strange to think, then, that shares of two […]
Duke Energy Florida (DEF) today announced the locations of its two newest solar power plants, which continue the expansion of its renewable generation portfolio. The solar plants are the latest milestones in the company’s […]
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