Renewables

Saudi’s Aramco cites halt in expansion of output capacity to energy transition

Saudi Arabia's state-owned oil company Aramco has halted its expansion of output capacity due to the growing role of renewables…

Shell announces $28bn profit in 2023; gets flak from environmentalists

Shell announced on Thursday that the company had registered a profit of $28bn (£22.03bn) in 2023, a 30% decline from…

IEA: oil supply to hit new record of 103.5mbbl/d in 2024

The world oil supply is expected to hit a new record of 103.5 million barrels per day (mbbl/d), with the…

Germany and Nigeria agree on $500m renewable projects and gas export deal 

Germany and Nigeria signed two accords on Tuesday, agreeing on a $500m investment in renewable energy and a gas export…

Poland’s Orlen secures licenses for five wind farms

Poland’s Infrastructure Ministry on Tuesday gave final approval to Polish oil refiner Orlen for licences to build five offshore wind…

Getech confirms geothermal potential for UK’s Angus Energy

Subsurface software developer Getech announced on Monday that it had completed a geothermal study for UK-based oil and gas company…

UK turns to Egypt for renewable energy imports

The UK is planning to import electricity from solar farms and wind turbines in Egypt, according to an article published…

Galp and Mitsui to invest $638m in biofuels and green hydrogen

Portuguese energy company Galp on Monday confirmed plans to enter into a joint venture (JV) with Japan-based trading company Mitsui…

Signal: APA to acquire Alinta Energy’s power assets for $1.1bn

The deal Australian energy infrastructure business APA Group has announced that it will fully acquire Alinta Energy’s power assets: Alinta…

EU fossil fuel electricity generation at record low in 2023

The first half of 2023 saw a huge decline in fossil fuel generation in the EU, leading to the lowest…

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