News

Two European electric transport organizations wrote a letter to European Commission President Ursula von der Leyen on Friday, urging the European Union to reject the push from European automakers to relax the CO2 car emission targets for 2025 and the associated penalties. According to the letter, which was reviewed by Reuters, the EU exe...

Ofgem has announced plans to require energy suppliers to provide tariffs with low or no standing charges, allowing customers increased flexibility in their energy payments. A consultation that started today will investigate how these tariffs, expected to be available by the winter of 2025/26, could function in reality.Standing charges acc...

Kazakhstan's oil production has reached an all-time high despite the damage to the Caspian Pipeline Consortium (CPC), its primary export route through Russia.As of February 19, Kazakhstan's oil and gas condensate production stood at 2.12 million barrels per day (bpd), according to official data reported by sources. This week, Russia annou...

South Korea has adjusted its nuclear energy strategy after the impeachment of President Yoon Suk Yeol, who was a supporter of nuclear power.As reported by Bloomberg, the opposition Democratic Party now plays a more significant role in shaping the country’s energy policy.The government aims to increase nuclear capacity by 3.5GW b...

The Kremlin is indicating that it is once again willing to engage with American oil companies—if the political situation changes. Kirill Dmitriev, head of the Russian Direct Investment Fund, informed reporters before discussions in Saudi Arabia that Moscow views the return of U.S. companies as inevitable, suggesting that American firms previously p...

France's Hexana has established a strategic alliance with the Belgian engineering company Tractebel to assist in developing its sodium-cooled fast neutron reactor energy platform. At the same time, Swedish and French developers of lead-cooled fast reactors, Blykalla and Newcleo, are collaborating to research and develop materials for these reactors...

Citizens Advice, a British organization dedicated to consumer protection, has stated that energy infrastructure companies in the UK experienced unexpected profits funded by consumers, due to an incorrect formula for determining their returns created by the market regulator Ofgem.According to the consumer protection agency, energy network ...

The European Union is significantly lagging behind China in terms of energy transition and will struggle to catch up without embracing Chinese technology rather than restricting imports that are essential for the bloc's emissions reduction goals—though this approach comes with its own challenges.The EU has set some of the most ambitious g...

Crude oil inventories in the U.S. increased by 4.6 million barrels for the week ending February 14, according to new figures from the U.S. Energy Information Administration.Crude oil prices were rising today before the release of the crude data, as the American Petroleum Institute (API) announced a significant build of 3.34 million barrel...

The European Union aims to obtain more gas from countries like the U.S. to substitute for Russian supplies and accelerate the transition to renewable energy to lessen dependence on gas, according to the EU's energy commissioner.In response to Russia's invasion of Ukraine in 2022, the EU has committed to ending the use of Russian fossil fu...

An application has been submitted to Bulgaria's Nuclear Regulatory Agency to determine the location of the planned unit 8 at the Kozloduy nuclear power plant.The project company, Kozloduy NPP–New Build EAD, is state-owned through its parent company Kozloduy NPP EAD, which currently operates the existing nuclear power plant. On Tuesda...

The Nord Stream 2 gas pipeline, which links Russia and Germany across the Baltic Sea, was damaged in September 2022 due to an explosion. StreamTec Solutions, a company created from the management team of the Nord Stream pipelines, has researched the current status of Nord Stream 2 and its future possibilities, suggesting it may be adapted for hydro...

Fred Olsen Renewables has submitted a request to establish a 65MW wind energy project in the Scottish Highlands.The location for the proposed Balnespick Wind Farm is situated 5.6 km to the east of Tomatin and 6.6 km to the north-west of Carrbridge, within the Highlands.If approved, the wind farm is expected to produce up to 64.8...

Renewable energy producer Volta Polska announced that it has entered into a power purchase agreement (PPA) with British American Tobacco (BAT) to provide energy to its facility in northeastern Augustow from a newly operational 15-MW solar photovoltaic (PV) farm.The agreement is expected to deliver approximately 15 GWh of renewable energy ...