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HomeInternational News

International News

Oil prices
Crude Oil News

Oil plunges to eight-month low on strong dollar, recession fears

September 23, 2022 Mariel Alumit

NEW YORK (Reuters) –Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip […]

Electricity Grid
Electrical Generation / Utilities

EU Set to Pave Way for 565 Billion Euro Overhaul of Electricity Grid

September 23, 2022 Mariel Alumit

Action plan spells out ways to promote use of renewable energy Renovating networks will help end reliance on Russian energy The European Union’s executive branch will lay out a plan to digitalize its energy grid […]

RIL to invest in US-based solar technology firm Caelux Corporation
International News

RIL to invest in US-based solar technology firm Caelux Corporation

September 23, 2022 Stu Turley

RNEL will invest $12 million to acquire 20 per cent stake in Caelux. This investment will accelerate product and technology development for Caelux, including construction of its pilot line in the United States, for expediting […]

Aramco
Climate Crisis

Aramco CEO says current energy transition plan not credible

September 22, 2022 Mariel Alumit

Aramco president and CEO Amin Nasser highlighted the need for a much more credible energy transition plan, as he delivered a keynote speech at the Schlumberger Digital Forum. During the event, he stressed the importance […]

nuclear
International News

Finding a workforce may be nuclear’s largest challenge

September 22, 2022 Mariel Alumit

The global nuclear industry faces many challenges, from the technical, including waste management and fuel availability, to the political, including regulation and social acceptance, but finding sufficient workers may be its largest obstacle of all. […]

Belgium
Energy Crisis

Thousands Take To The Streets In Belgium Against Soaring Energy Prices

September 22, 2022 Mariel Alumit

Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech […]

Freeport LNG
Exports

Freeport LNG Extends Force Majeure Until September

September 22, 2022 Mariel Alumit

Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week that its Gulf Coast facility […]

UN chief
Energy Crisis

UN chief warns of ‘colossal global dysfunction’ in opening General Assembly address

September 22, 2022 Mariel Alumit

The United Nations chief has set a grave tone for this year’s general assembly, warning of a “winter of global discontent” in a world beset by perils. The message was well-received by Prime Minister Jacinda […]

European
Energy Crisis

Soaring natural gas prices are prompting European companies to move their manufacturing operations to the US

September 22, 2022 Mariel Alumit

European companies are shifting operations to the US after the jump in regional energy prices following Russia’s invasion of Ukraine, The Wall Street Journal reported. Steelmaker ArcelorMittal and chemical maker OCI are among companies making […]

Adani Transmission to become net-zero by 2050
International News

Adani Transmission to become net-zero by 2050

September 22, 2022 Stu Turley

ATL has submitted its detailed plan and targets for GHG emission reduction to SBTi within one year towards its commitment to contribute to contain global warming. Ahmedabad: Adani Transmission Ltd (ATL), India’s largest private power […]

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