Energy

California Sets Renewable Energy Record: Solar Power Surges, Exceeds 100% Grid Demand for 30 Days Straight

California achieves a historic feat, powering the grid with 100% renewable energy for 30 consecutive days, signaling progress towards ambitious clean energy goals.


Biden Administration Permits Over 25GW of Clean Energy on Public Lands, Surpassing 2025 Renewable Energy Goal

This milestone aligns with President Biden's goal to make the US power grid carbon pollution-free by 2035, a key initiative in combating climate change and securing energy resources...

Russia Destroys Ukraine's Largest Power Plant After Launching Widespread Attacks on Energy Grid

A devastating series of Russia's overnight strikes has left the Trypilska thermal power plant in ruins, dealing a severe blow to Ukraine...

Oklahoma Claims Natural Gas Firms Cut Supplies to Raise Prices During Winter Storm Uri: Lawsuit

Oklahoma sued two Texas natural gas companies for purposefully reducing gas supply during Winter Storm Uri in 2021, raising prices and making huge profits...


Latest News

Mexico to boost fuel purchase to attract investments
Mexico is currently aiming to increase its fuel imports in order to attract investment as well as to bring down the fuel prices for buyers. This energy reform activity will boost the competition among
Investment in oil, gas projects shrinking
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
Power and Utilities Company in Japan battles with Gorillas, Bears and Dogs to control Market
Japan's retail electricity market is about to be liberalized, which has the top power companies as well new entrants vying for a share. The companies have come up with their mascots to lure the custom
Rosneft to invest $500 million to increase stake in Venezuelan state-owned company
Russia's leading oil producer, Rosneft has proposed investing another $500 million in Venezuela's state-owned Petroleos de Venezuela SA, to increase their stake from the original 16.7%. The propositio
S&P downgrades Saudi Arabia to 'A Minus / A-2'
Standard & Poor's (S&P) has cut rating on Kingdom of Saudi Arabia (KSA) as it's suffering from lower oil prices. The long -term foreign and local currency sovereign credit has been lowered to 'A minus
Sultan Al Jaber to lead Adnoc
UAE Minister of State Sultan Al Jaber has assumed the charge as Director General at Abu Dhabi National Oil Company (Adnoc). Al Jaber has to overcome turbulent conditions in the oil industry as the low
Joi Scientific Claims For Producing Hydrogen From Water, Raises $5.5 Million Series A Round Fund
Joi Scientific has claimed for discovering technology to produce hydrogen from water on Tuesday. At the same time, the research firm discloses for raising $5.5 million fund for its Series A round. If
Appaloosa Management Founder Tepper, Acquired Millions of Shares from Energy Transfer Partners and Kinder Morgan
David Tepper, the pioneer in distressed debt, buys millions of shares in Energy Transfer Partners and Kinder Morgan in the face of plaguing oil slump and toxic energy market. He has tapped these pipel
Iran Delivers First Crude Oil Shipment to Europe After Nuclear Deal, Planning To Increase Oil Production
Iran has started to export its crude oil to Europe after a landmark nuclear deal was achieved. The sanctions lifting becomes a new chapter for Iran to rebuild its oil industry, and increase the produc
Oil price drop to $30 per barrel as Iran begin delivery to Europe
The price of the oil dropped once again to $30 per barrel after Iran delivered its first shipment to Europe. This fall is seen as a boon for some nations while it is considered as a disaster for other
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