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Companies including the venture arms of BP Plc and Chevron Corp. invested $40 million in a startup that aims to use the fossil fuel industry’s drilling experience to expand a technology that harvests low-carbon energy from heat below the earth’s surface. Eavor Technologies Inc. plans to expand geothermal power beyond …

Russian energy giant Gazprom on Monday (15 February) announced a drop in its exports to Europe in 2020, when prices and demand in the energy industry collapsed due to the coronavirus pandemic. Gazprom, which includes Turkey in Europe, said its European exports fell by 12.1% in 2020 year-on-year, down to …

Solar and wind generated 30% of Britain’s electricity in 2020 according to Drax’s latest Electric Insights report. This was an increase of a sixth on 2019, with solar and wind suppling over 100TWh of electricity. Last year was a bumper year for solar generation, breaking a number of records including …

Last week, the US Energy Information Administration said it expected Brent crude oil prices to average $56 per barrel in the first quarter and $52 over the rest of the year. US West Texas Intermediate futures surged by 2.5 percent Monday, higher than $60 per barrel for the first time …

Saudi Arabia’s Crown Prince Mohammed bin Salman and Russian President Vladimir Putin discussed the OPEC+ agreements in a phone call on Monday, the Kremlin said. They said they would continue close coordination between Russia and Saudi Arabia “in the interests of maintaining stability in the world energy market,” the statement …

Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Islamic Republic show little sign of easing under Joe Biden’s presidency. Washington claims the crude on the Achilleas ship was …

Shell is accelerating its commitment to reach net zero emissions, with the oil company now aiming to zero out its impact on the environment by 2050. The 2050 date isn’t exactly new for Shell, it had already promised that its energy business would achieve net zero by this date, although …

Iran’s Permanent Ambassador to the Vienna-based International Organizations Kazzem Qaribabadi said his country has urged the International Atomic Energy Agency to ensure that the information of its nuclear program would not be leaked. “The Islamic Republic of Iran has officially informed the IAEA of its concerns regarding the principle of …

Managing Director of the National Iranian Oil Company (NIOC) has outlined the main Health, Safety and Environment (HSE)-related priorities of the company to its major subsidiaries namely Iranian Offshore Oil Company (IOOC), National Iranian South Oil Company (NISOC), and Iranian Oil Terminal Company (IOTC). In a directive addressed to the …

Corvus Energy was selected to provide an energy storage system (ESS) to Kawasaki Heavy Industries for the zero-emissions electric e5 tanker it is building, the world’s first zero-emissions tanker. The electric tanker is under construction for Tokyo’s Asahi Tanker Co. The battery-powered vessel was designed by e5 Lab Inc., which …