News & Press Releases
News & Press Releases
Russia Says It Might Cut Oil Output After The Price Ceiling
In response to price limitations on its crude and processed products, Russia may reduce oil production by 5 to 7% in early 2023 and stop exports to nations that support it, Deputy Prime Minister Alexander Novak said on state...
News & Press Releases
Mid-2023, Newest Mexican Oil Refinery Will Run Half Strength
According to the reports that came in on December 24, the newest refinery of the Mexican state oil corporation Pemex will complete half of its capacity for processing crude oil in July. This announcement represents the most recent change...
News & Press Releases
US Officials Say Nuclear Fusion Will Boost Renewable Energy
Officials from the US Department of Energy revealed on December 20, a nuclear fusion breakthrough: For the first time, US researchers outperformed the amount of laser energy needed to run the experiment by producing more fusion energy.
A so-called net...
News & Press Releases
Offshore Wind Power Helps Britain Tackle Its Energy Shortage
This year, Britain's wind farms produced a record quantity of power as the effects of rising natural gas costs were mitigated by stormy weather and an expanding fleet of turbines. The addition of several significant offshore wind farms contributed...
News & Press Releases
EU Approves 28-Billion-Euro German Plan For Renewable Energy
The German government's 28-billion-euro ($29.69 billion) support programme for renewable energy, which aims to rapidly expand the use of wind and solar power, was approved by the European Commission, the commission announced on December 21.
The policy, which replaces an...
News & Press Releases
Gas Discovery In Cyprus Brings Considerable Energy Potential
According to the Cypriot government, a recent gas discovery off the coast of Cyprus demonstrates the bright energy potential of the eastern Mediterranean.
The Italian energy juggernaut Eni and France's TotalEnergies, who together play a key role in Nicosia's offshore...
News & Press Releases
$674m Gas Project Halted After Australian Market Meddling
The Australian government's radical intervention in the gas market has shown that it could hurt future investments. For instance, Senex Energy stopped a A$1 billion (US$674 million) domestic gas supply expansion that would have created hundreds of new jobs...
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