Brent crude oil drops below $100 as China’s lockdown fuel demand fears
Oil prices have reportedly fallen to their lowest point since February this Monday, extending a two-week losing streak as demand concerns emerged from China's lockdowns. Brent crude plummeted 4.1....
UK: Ineos offers to drill shale test site to prove fracking’s safety
Ineos, the British multinational chemicals and energy company, has reportedly offered to drill out a shale gas test site in the country to showcase that fracking can be carried out safely. The news co....
Britain to boost nuclear power rollout in a bid for homegrown energy
The UK is reportedly set to boost its nuclear power development efforts under plans to improve the nation's long-term energy independence while also creating thousands of new jobs and reducing uti....
UK: EV sales boom as Britons buy more cars in March than whole of 2019
British drivers reportedly purchased more electric vehicles in March of 2022 than they did in the entirety of 2019, despite a market downturn, as per numbers that highlight Britain's expediting sh....
Germany seizes control of Gazprom Germania to ensure supply security
Gazprom Germania GmbH, a unit of Russian energy giant Gazprom in Germany, has reportedly been taken over by Bundesnetzagentur, the German regulator, in an effort to ensure energy security and uninterr....
UK Gov draw up plans to nationalize Gazprom's British supply arm
The British government is reportedly preparing to nationalize the UK supply arm of Russian state-owned energy firm Gazprom within days. The news comes in the midst of an ongoing standoff between the R....
Valmont SM raises multi-year order of USD 209 Mn with Siemens Gamesa
Valmont® Industries Inc has reportedly announced that Valmont® SM signed a supply agreement with SGRE (Siemens Gamesa Renewable Energy) to offer components for next-gen rotor houses. The USD ....
Wind and solar sources produced 10% of global energy as demand rises
In 2021, wind, solar, and other green energy sources reportedly produced 38% of electricity globally. For the first time, just solar panels and wind turbines combined created 10% of the world’s ....
National Grid under fire for £4.2B gas infra sale to foreign investors
National Grid plc, the British multinational gas and electricity utility firm, has been reportedly come under fire for selling a substantial portion of the UK's gas pipeline infrastructure to over....