The Zaporizhzhia nuclear power plant in Ukraine, which has been under Russian control since early 2022, could resume operations within a year and a half after a potential end to the war, the head of the plant’s Russian operating company said on Monday. “If this (the end of the conflict) …

CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has announced the discovery of a major new oilfield in the Bohai Sea. The Qinhuangdao 29-6 discovery in the shallow Neogene formations of the Bohai Sea is yet another oilfield estimated to hold more than 100 million tons of …

During the Covid-19 pandemic, when oil prices fell to a record low, governments and energy companies worldwide began to shift their focus to green alternatives. Many governments introduced ambitious climate pledges and introduced decarbonisation targets, encouraging industries to explore ways to cut carbon. One of the most promising energies for …

The European Union is looking to expand its rare earths production to help fuel an accelerated green transition, as the demand from countries in the bloc continues to grow in line with the deployment of more renewable energy capacity. Ramping up production would also help the EU reduce its reliance …

For most of the past decade, oil markets have treated decisions by OPEC as the primary signal for price direction. That hierarchy is being tested, but not overturned. What has changed is where traders look for short-term cues. Increasingly, those cues are coming from China, not because Beijing controls supply, …

Libya’s vast fossil fuel potential and “investor-friendly reforms” are attracting global energy firms despite the inherent political risks, a boost for the oil-rich African nation. The latest bid round from the country offers 22 blocks with an estimated 10bn barrels of available resources and 18bn barrels yet to be discovered, …

Oil prices settled more than 2% lower on Saturday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. Brent crude futures settled down $1.60 or …

The annual solar power generation at PetroChina Tarim Oilfield, China’s third-largest onshore oil and gas field, has surpassed 2 billion kWh as of Sunday. To date, Tarim Oilfield has completed five centralized solar power projects with a total installed capacity of 2.6 million kilowatts. There are also 239 distributed photovoltaic …

BP is closing out the year with a flurry of moves that underline a decisive shift in strategy, marked by major portfolio changes, a leadership transition, and continued momentum in upstream project delivery. The company has agreed to sell a majority stake in its Castrol lubricants business, one of BP’s …

Global trading in oil and precious metals was suspended on Thursday due to the Christmas holiday, leading to subdued market activity and the absence of daily price updates. According to the latest closing data before the holiday, Brent crude settled at $62.29 per barrel, while US West Texas Intermediate (WTI) …