Russia’s first-floating nuclear power plant has arrived at its permanent base near an isolated Russian town across the Bering Strait from Alaska, Russian state nuclear energy company Rosatom said on Saturday.
Developed by Rosatom, the plant, known as “Akademik Lomonosov”, set off on a 5,000 km...
Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
The closure will impact almost 5.7 million barrels of crude production a day, about 5% of the world’s daily oil...
In a renewed push to cut dependence on fossil fuels, the Indian government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each.
The proposed ultra mega renewable energy power parks (UMREPP) of 2,000 megawatts each will help developers achieve...
Crude oil futures were marginally lower during mid-morning trade in Asia Friday after an OPEC meeting on Thursday that saw no further cuts in crude production and bearish market reports on oil fundamentals.
Ongoing trade tensions between the US and China, coupled with geopolitical risks in the...
Global oil demand will peak in three years, plateau until around 2030 and then decline sharply, energy adviser DNV GL— the world's leading classification society and a recognized advisor for the maritime industry—said in one of the most aggressive forecasts yet for peak oil.
Most oil companies...
Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Tuesday, resisting US pressure to stop the imports from its neighbor.
Iranian oil exports have tumbled since the United States imposed new...
Oil futures rose slightly on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries may agree to extend output cuts to support prices.
Brent was up 7 cents at $62.66 a barrel, while US West Texas Intermediate futures were up 15 cents, or 0.6%, at...
Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas and new Azeri supplies helped the region reduce reliance on Russia.
Russian exports to Turkey, the biggest regional market, fell 36%...
Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
The analysis found that investment plans by Royal Dutch...
Asia’s heavy and expanding reliance on coal power risks cancelling out global progress towards preventing catastrophic climate change, a top United Nations official warned Wednesday.
While developing economies such as India, Indonesia, the Philippines and Vietnam increasingly turn to cheap coal...