€2.4bn EU Green Transition Funds To Be Shared By 7 Nations
Seven countries have received approximately €2.4 billion (£2.1 billion) in assistance to help them expedite their green transition. It will help Romania, Poland, Czechia, Lithuania, Slovakia,...
Refiners Should Not Be Making Above Normal Profits- Biden
President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not be burdened by high...
In The Year To Come, Oil Supply Growth To Take A Back Seat
Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above pre-pandemic levels next year,...
Cluster of Businesses Want The EU To Improve Energy Security
More than a hundred business leaders have urged Europe to improve its energy security by speeding up the green transformation. This comes after a...
Toyota Japan Joins Energy Storage With Household Battery
Toyota launched a 5.5 kWh household battery storage system using its electric vehicle battery expertise on June 2. When coupled to a photovoltaic rooftop...
In A Move To Avert Blackouts Australia Halts Power Market
In the wake of a slew of coal-fired plant outages, Australia's energy market administrator took the unprecedented step of suspending the power spot market...
Central American Development Bank commits $800 million toward the fuel relief effort
On June 3, a Central American development bank announced that it had authorised an $800 million credit to protect local countries against global fuel...
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Transitioning Floating Offshore Wind into Mainstream Energy
As global electricity demand is projected to double by 2050, the role of offshore wind has never been more critical. However, traditional fixed-bottom technology...
Building A Global Presence For Growing EPC Companies
In today’s rapidly shifting energy and natural resource industry, every decision is global. New resources are discovered and developed, old ones are optimized, and...
Wind Energy Moving Ahead
As the first country in the world, Denmark has decided to lead the transition and become entirely independent of fossil fuels by 2050. One...
