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Not Anymore New Oil & Gas Exploration Deals In Columbia

The Colombian government has decided to forego awarding new contracts for oil and gas exploration and instead focus its financial resources on developing the tourism industry and other energy sources. Gustavo Petro, president of Colombia, was elected in August after...

For Clean Energy Tech EU Brings Green Deal Industrial Plan

The European Union (EU) has brought to the fore its intention for the Green Deal Industrial Plan, a support program for clean energy technologies, including energy, which is modelled like the Inflation Reduction Act. Ursula von der Leyen, president of...

Licencing Bids For UK Oil & Gas Exploration Sees An Increase

For its most recent round of oil and gas licencing and priority blocks, those with the potential for quick development, the UK has attracted 115 bids, which could be chosen as early as April. 931 North Sea tracts were offered...

Solar Energy To See Highest Growth Among US Power Generation

In the next 3 years, solar will comprise the majority of the high-probability additions to utility-scale power generation capacity across the US. The prediction is based on the information released by the Federal Energy Regulatory Commission (FERC). As far as...

Thanks To IRA, US Renewables Investment To Surpass $100bn

The flagship legislation, the Inflation Reduction Act, which is focused on speeding up decarbonization in the US, will push the annual renewables investment from $64 billion to almost $114 billion by 2031, as per a recent report. Boom Time:...

US Proposal Looks To Lessen The Offshore Wind Regulations

In order to improve the nation's capacity to achieve its climate goals, the US Department of the Interior (DOI) presented a proposal for reducing current regulations for overseas wind installations in the US Outer Continental Shelf on January 12,...

MoU In Place For Ammonia Plants Catering To Global Hydrogen

A memorandum of understanding has been signed between the Abu Dhabi National Oil Company (Adnoc) and Thyssenkrupp, the German engineer, to develop ammonia plants that will assist the global hydrogen market. Adnoc is going to be using UHDE reformer...

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