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The U.S. has been investing heavily in boosting its battery storage capacity and developing its electric vehicle (EV) battery manufacturing capabilities, and it seems that it has paid off as the country is now home to several massive battery projects with many more in the pipeline. Since the introduction of …

U.S. shale producers have been preaching and practicing capital discipline since the price crash of 2020 and haven’t deviated from their pledge to focus on shareholder returns instead of oil production growth since then. Some of the biggest independent U.S. shale firms may have started to finally please investors with …

The Middle East is expanding its renewable energy and clean tech sectors at an accelerated pace, as several countries plan for economic diversification beyond oil and gas. While fossil fuels may continue to provide massive revenues for countries such as Saudi Arabia, the UAE, and Qatar, these Middle Eastern states …

Japan would need to increase its electricity output by between 35% and 50% by 2050 to meet a proportionate surge in demand, a government projection has revealed. Japan’s electricity output for this decade is estimated at around 1 trillion kWh but this needs to expand to up to 1.5 trillion …

OPEC saw its crude oil production decline by 48,000 barrels per day (bpd) in April compared to March, the organization’s monthly report showed two weeks before the crucial meeting at which the wider OPEC+ group is set to decide on production levels after June. Total crude oil production of all …

After U.S. oil output hit an all-time high in the final two months of 2023 with year-over-year growth clocking in at over 1 million barrels per day, the Energy Information Administration (EIA) said on Monday that American shale output from the top-producing regions would soar to a six-month high in …

Eni is considering spinning off some stakes in oil and gas projects in Asia and Africa to have partners for their development while putting aside more money into lower-carbon energy projects, sources in the Italian major have told Reuters. For years, Eni has been taking a different approach to conventional …

Turkey’s installed solar power capacity saw a record increase within a single month in April, surging by approximately 1.3 gigawatts (GW) compared to the previous month, according to a report on Sunday. The country’s solar power capacity reached 13.9 gigawatts at the end of April, marking a 1.3 gigawatt increase …

Kazakhstan is in talks with China on transit for export of uranium, the Ministry of Energy of Kazakhstan said. Kazatomprom is transporting uranium to North America and Europe via a port in St. Petersburg. Alternative route is transportation through the Caspian Sea, where the port of Aktau (Kazakhstan), port of …

China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21 percent from the previous year, while coal purchases climbed 13 percent. The increase in coal in …