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Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said. Iraqi Foreign Minister Fuad Hussein was given the clearance during a meeting with U.S. Secretary of State Antony Blinken …

The European Commission is working on plans to speed up investment in capturing and storing carbon dioxide emissions, it said on Friday, as the bloc prepares to slash its net greenhouse gas emissions to zero by 2050. In a public consultation on the plans, the Commission said infrastructure to capture …

Iran exported non-oil commodities valued at $2.418 billion to China during the first two months of the current Iranian calendar year (March 21-May 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mohammad Rezvani-Far said that China was the top export destination of Iranian non-oil goods …

European natural gas futures soared as traders reassessed supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region. The benchmark contract ended the week 35% higher, the most since last August, at the height of Europe’s energy crisis. It’s also the …

Norway’s government plans to submit to Parliament in the coming weeks plans to open a large area to deep sea mining as it seeks to access and extract critical minerals from the seabed. The government has prepared an impact assessment which was open for comments until the end of January …

The US solar industry installed 6.1 GW of capacity in the first quarter of 2023, according to the US Solar Market Insight Q2 2023 report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Several factors contributed to the record first quarter, not the least of which was the …

Carbon dioxide emissions from energy use in the European Union fell by 2.8 percent last year, thanks to reduced use of natural gas following Russia’s invasion of Ukraine, Eurostat reported on Friday. The European Union’s statistical agency said in a report that CO2 emissions from the 27 EU nations was …

China’s drive to reduce its dependence on imported oil has led to the construction of a huge concrete facility near Zhuhai, resembling the size of Monaco, which serves as the centerpiece of its deepwater drilling efforts. The facility, operated by a unit of China National Offshore Oil Corp (CNOOC), is …

China is expected to be the world’s largest importer of clean hydrogen, requiring 13 million tonnes of imported hydrogen a year by 2030 due to the huge amount of clean energy required to decarbonise its different sectors, according to a report released by Deloitte on Thursday. Europe’s demand will amount …

Mitsubishi Shipbuilding Co. Ltd. has entered a deal for technical studies on technologies that would enable ammonia to be used to power vessels. The agreement with Winterthur Gas & Diesel AG (WinGD) will test the gas commonly used for fertilizers on “large, low-speed two-stroke marine engines” currently being developed by …