BASF announced that the company will bundle its renewable-energy activities under BASF Renewable Energy from 1 January 2022. The company will focus on supplying the BASF Group in Europe with electricity from renewable energies, European electricity trading activities and provide global consulting and expertise on renewables for BASF and group …

Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …

Head of Atomic Energy Organization of Iran (AEOI) said that Iran has shown that its nuclear path is merely peaceful via negotiating on safeguards agreements and its NPT commitments with correct legal and political behavior. Speaking in a ceremony to commemorate the anniversary of the late Iranian nuclear scientist Mohsen …

The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the …

Germany’s next government is working on a 2021 supplementary budget to pump more than €50 billion into its climate fund which could be spent over the coming years to speed up the transition towards a green economy, sources said on Thursday (25 November). The three parties set to form the …

International organizations are under influence of big powers and the International Atomic Energy Agency (IAEA) has shown inappropriate treatment towards the Islamic Republic; so, Iran has several times warned the UN nuclear watchdog over such behaviors, an Iranian official says. Behrouz Kamalvandi as the spokesman for the Atomic Energy Organization …

In a sign that green hydrogen is becoming mainstream, three large energy and chemical firms—Ineos, Repsol, and TotalEnergies—have unveiled initiatives worth billions of dollars to make hydrogen in Europe using renewable power. Ineos plans to spend $2.3 billion on green hydrogen projects at its facilities in Norway, Germany, and Belgium …

Germany’s new coalition government has reportedly set a target of installing 30GW of offshore wind capacity by 2030, up from the country’s previous target of 20GW. The coalition agreement signed by the Social Democrats, Greens and Free Democrats pledges to install 40GW of offshore wind capacity by 2035 and 70GW …

Norway currently has 90 oil and gas-producing fields, but – within a few years – it could rise to more than 130. While the world is struggling to adapt to a changing climate, the Norwegian petroleum industry is booming. Diderik Lund, an economics professor at the University of Oslo, told …

OPEC+ is not currently discussing halting oil output increases despite the United States and other countries releasing strategic reserves, Reuters reported, citing three sources. No such discussion took place among the member states of suspending current supply policy, which includes increasing oil output by 400,000 barrels per day (bpd) on …