New research has shown that sources of renewable energy provided more electricity to the UK’s national grid than fossil fuels during the last quarter, in a symbolic tipping point for the clean energy transition in the UK. The combined energy produced by wind farms, solar panels...
India’s oil minister has revealed that companies are investing $60 billion in a national gas grid and import terminals as the nation attempts to boost its gas usage and cut carbon emissions. Oil Minister Dharmendra Pradhan told reporters at India Energy Forum by Ceraweek that the...
Junior oil and gas explorer Reabold Resources has discovered what could be the UK’s largest onshore gas field, if preliminary data is accurate. The West Newton gas field, located near the city of Hull in Northeast England, could be the largest onshore hydrocarbon discovery made in...
French oil major Total has cemented its position as the UK’s top gas producer after bringing online the Culzean field in the North Sea ahead of time and under budget. The Culzean field, operated by Total with a 49.99% interest along with BP and JX Nippon,...
A new report by Green Energy Markets has found that renewable sources provided significantly more electricity than brown coal and gas in Australia during the recent summer months. Renewable energy produced 128% more MWh of electricity than gas and 23% more than brown coal over the...
Royal Dutch Shell (LSE:RDSA) has agreed to sell almost two thirds of its stake in Australian company Woodside Petroleum, in a deal which will raise US$1.7 billion for the Anglo-Dutch oil major. The divestment was agreed with two investment banks and includes the sale of a...
Chevron has halted its plans to explore in the deep waters off Australia’s South coast as the low oil price environment makes the project unjustifiable. The US oil giant had long seen the waters known as the Great Australian Bight as a very promising location, Wood...
BNP Paribas, France’s largest listed bank, has announced that it will no longer do business with companies working in shale oil or gas and it transitions to supporting renewable energy projects. The bank will stop working with and financing any companies or projects whose principal business...
Glencore will assume a 75% stake in Chevron’s Southern African assets after agreeing a US$973 million acquisition deal. The transaction means Glencore will secure its first major refinery in Africa in line with its aim to expand through strategic acquisitions, which comes after inking a near...
BP (LSE:BP) has announced it has commenced production from the giant Khazzan gas field in Oman, delivering the first phase of the project ahead of schedule and under budget. The British oil major delivered the project in partnership with Oman Oil Company Exploration and Production, which...