International

Wood Mackenzie has released a new energy storage market report, with a new record high for US installations for the second quarter of 2023. The United States deployed 1,680 MW/5,597 MWh of energy storage nationwide, leading to an average duration of 3.3 hours. However, second-quarter installations were significantly lower than …

China is mulling over imposing capacity fees on industrial and commercial users from 2024 to compensate local utilities for the coal-fired power capacity they have built in recent years, Bloomberg reported on Tuesday, quoting a draft of the plan it had seen. Industrial and commercial power users would be charged …

The European Union’s energy imports slipped for the second quarter in a row compared to the previous year, a reversal of a trend of significant increases in energy imports between 2021 and 2022, the European Commission said Monday. In the second quarter of 2023, compared with the same quarter of …

Russia is considering joining China in banning Japanese seafood imports after Japan released treated radioactive water from the wrecked Fukushima nuclear power plant into the sea and is seeking talks with Japan over the matter, a Russian regulator said on Tuesday (Sep 26). Japan started releasing the water from the …

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America’s crude oil production is set to hit a monthly record in September—at 13 million barrels per day (bpd), according to estimates by Rystad Energy. Production …

A German company that was previously nationalized due to its ties to Russia has resumed trading liquefied natural gas (LNG) with Russia. According to Ukrinform, Bloomberg reported this. “The German government is facing criticism over its energy ties as a taxpayer-backed company re-enters the liquefied natural gas trade with Russia,” …

After uncertainty earlier in the year, as Egypt came to rely heavily on Israel for its gas imports, the North African state finally seems to be getting its oil and gas industry back on track. A planned expansion of its Zohr gas field and new exploration projects are expected to …

The total number of active drilling rigs in the United States fell by 11 this week, after seeing a brief 9-rig rise last week, according to new data from Baker Hughes published Friday. It is the fewest number of active drilling rigs since February 4, 2022. The total rig count …

Oil-rich Libya has been fighting to get its oil industry back on track over the last decade, since the Arab Spring and subsequent political instability. Following the failed presidential elections of 2021, it finally appeared that Libya’s oil and gas industry was getting back on track. More foreign investment was …

Top executives of Exxon Mobil Corp. and Saudi Aramco voiced their backing for the global transition to cleaner energy forms, while emphasizing the lasting significance of oil in the energy sector for the foreseeable future. The statements were made on Monday at the World Petroleum Congress held in Calgary. Exxon …