News & Press Releases
News & Press Releases
EU States Back Energy Windfall Tax, Clash On Gas Cost Cap
The member states of the European Union will get together to approve emergency taxes on energy companies' windfall profits and start talking about their next steps to solve Europe's energy crisis, which could include putting a cap on gas...
News & Press Releases
Abu Dhabi To Obtain Regions First Underwater HVDC Network
Abu Dhabi and a Japanese, French, and Korean consortium have agreed to a $3.8 billion deal to use an undersea high voltage direct current (HVDC) transmission system to power offshore oil and gas operations from land.
It has been referred...
News & Press Releases
Study- Energy Cos On Track To Meet Energy Transition Goal
As global renewable energy efforts gain traction, energy companies are "on pace" for their energy shift, according to GlobalData. However, GlobalData observed that power companies will need to adopt a comprehensive approach to sustainability rather than merely focusing on...
News & Press Releases
Oil Cost Rise Due to US Gulf Supply limits, Weaker Currency
On September 27th, more than 1% increase in oil prices from the previous day's nine-month low, helped by supply restraints in the US Gulf of Mexico due to Hurricane Ian and a small weakening of the US dollar.
Analyst predictions...
News & Press Releases
Britain Energy Problem Leads It To Repeal Its Fracking Ban
Following Russia's invasion of Ukraine, the U.K. government removed its ban on fracking on September 22nd, claiming the need to expand domestic energy supply. Ending the moratorium on mining the U.K.'s vast reserves of shale may see gas flowing...
News & Press Releases
Saudi Arabia Starts 5 Renewable Energy-Related Projects
The world's largest oil exporter, Saudi Arabia, commissioned five new renewable energy projects to generate electricity sustainably as it works toward a net-zero emissions target by 2050. A report from the Saudi Press Agency on September 26 said that...
News & Press Releases
UK Government To Eliminate Planning Limits On Onshore Wind
Following the government's decision to remove limits on energy supply, large onshore wind projects are expected to resume in England for the first time in nearly seven years. Onshore wind's potential will be unlocked by bringing planning regulations for...
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