National Grid, an energy transmission and distribution company, has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean, encompassing the United States (U.S.) and Western Europe. The biggest slice of this multibillion-dollar investment pie is expected to be spent in the U.S. and the UK.
The US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the US Outer Continental Shelf (OCS).
This week, Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, “more than offset significantly higher U.S. supply.”
Finance Minister Zbyněk Stanjura said on Czech Television on Sunday that the finance ministry is looking to reduce its support for renewable energy sources, possibly by changing the law to limit subsidies
Oil giant Equinor is behind the project, but renewables still make up only a tiny fraction of its total energy production.
The Permian basin of West Texas and Southern New Mexico is the premier oil and gas basin of the U.S., and one of the most prolific basins in the world. It has helped make Texas the top oil producer in the U.S. and New Mexico number two.
The pervasiveness of environmental concerns in today’s world and conversations about sustainability make renewable energy a non-negotiable imperative if the world must reverse its current course.
Mr Herbert Krapa, a Deputy Minister of Energy, says the need for Ghana to switch to Electric Vehicles (EVs) in the next few years is not a lifestyle choice but a necessity for survival.
Angola’s Ministry of Energy and Water Angola has secured $900 million in loan from the Export-Import Bank of the United States (EXIM) to fund the rollout of two large-scale solar PV projects.