energy industry news
Business
Zambian High Court Cancels Nationalization of Power Transmission Lines
Zambia's high court has ruled against the government's decision to declare a private company's power transmission lines as a common carrier.
Matthew Nkhuwa, the nation's...
International News
China Discovers Oil in Bohai Sea
The China National Offshore Oil Corporation (CNOOC) announced on Monday that it has found a field with 100 million tons of oil equivalent of...
Power and Energy Industry
Brazil Plans $5.4B Green Hydrogen Hub
The government of Brazil has announced plans to build a $5.4 billion green hydrogen hub in Ceará, Brazil, which will be the first of...
Automotive Industry
Natural Gas Shortage Halts Car Industry’s Operations in Mexico
Volkswagen, General Motors, Kia Motors, and Mazda announced that they are suspending some of their operations in Mexico due to a natural gas shortage...
Business and Finance
Crude Oil Prices Spike as Supply Chain Fails
Brent Crude continued to climb higher on Thursday, with US prices settling at $61.52 as refineries in Texas remained closed during the Midwest's freeze...
Business and Finance
Natural Gas and Oil Prices Climb as US Midwest Freezes
Natural gas and oil prices saw a sharp incline as parts of US struggle with energy demands and rolling blackouts following Monday's freeze.
Natural gas...
Business and Finance
Royal Dutch Shell Indicates Peak Oil Production Has Passed
Oil company Shell said it has now passed peak oil production as it sets out to achieve net-zero emissions by 2050.
In a statement, the...
Business and Finance
Protests Erupt at French Energy Giant Total’s Headquarters Over Expected Refinery Layoffs
Workers have held protests and stormed the Total S.E. Headquarters in France amid impending layoffs.
"Total does not want our struggle to be heard, for...