German airline Lufthansa says it would consume half of Germany’s electricity if it were to switch to green fuels

German airline Lufthansa has tried to make a sustainability push in recent years—the introduction of Green Fares earlier this year is one example, wherein customers can opt for fares in which the carbon offsetting feature is already built in.

Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says

Oil prices are set to rise in the second half of the year as supply struggles to meet demand, according to the Secretary General of the International Energy Forum. 

No fuel subsidy in 2023 budget – NNPC clarifies

Alhaji Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has said that contrary to speculations, the immediate past government did not make provisions for petroleum subsidy in the 2023 budget.

Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in US

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.

US to buy 3 mln barrels to refill emergency oil reserve

The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, and asked that offers be submitted by May 31.

Microsoft says commercial use of fusion-produced energy will be available within 5 years as part of new deal with Sam Altman-backed Helion

Microsoft and Helion, a research company backed by OpenAI CEO Sam Altman, are teaming up to make fusion-produced energy available commercially much sooner than experts previously estimated.

Kuwait Oil Company declares ‘state of emergency’ after oil spill

The Kuwait Oil Company declared a “state of emergency” on Monday following an oil spill on land, but said no injuries or disruption to production had been reported.

UK backs Rolls-Royce project to build a nuclear reactor on the moon

The UK Space Agency said Friday it would back research by Rolls-Royce looking at the use of nuclear power on the moon.

A new nuclear reactor in the U.S. starts up. It’s the first in nearly seven years

For the first time in almost seven years, a new nuclear reactor has started up in the United States.

900,000 more households to benefit from £400 of government energy bill support

UK Government launches portal for 900,000 additional GB households to apply for £400 payments towards energy bills

Ministers meet to discuss coordinated actions to limit impact of energy crisis on natural gas markets

Forty governments took part in a Special IEA Ministerial meeting today on natural gas markets and supply security, discussing additional ways to work together to limit the impacts from the global energy crisis triggered by Russia’s invasion of Ukraine and proposing measures to support affected countries.

South Africa Declares ‘State of Disaster’ Over Energy Crisis

South African President Cyril Ramaphosa on Thursday declared a national “state of disaster” over his country’s crippling power shortages, saying they posed an existential threat to the economy and social fabric.

UK Labour leader Starmer slams PM’s Davos no-show, touts new ‘inverse OPEC’ alliance

U.K opposition Labour Party leader Keir Starmer on Thursday hit out at Prime Minister Rishi Sunak for opting not to attend the World Economic Forum in Davos, Switzerland.

IEA says clean energy manufacturing set for substantial growth as world enters ‘new industrial age’

The world is moving into “a new age of clean technology manufacturing” that could be worth hundreds of billions of dollars per year by the end of the decade, generating millions of jobs in the process, according to a new report from the International Energy Agency.

Tata Power Renewable Energy gets award to set up 255 mw hybrid project in Karnataka

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has received the “letter of award” (LoA) from Tata Power Delhi Distribution Ltd, a joint venture of Tata Power and the NCT of Delhi, for setting up a 255 MW hybrid (wind and solar) power project in Karnataka.

Scientists Achieve Nuclear Fusion Breakthrough With Blast of 192 Lasers

The advancement by Lawrence Livermore National Laboratory researchers will be built on to further develop fusion energy research.

China, Saudi Arabia stress importance of oil market stability as Xi visits Riyadh

China and Saudi Arabia stressed the importance of global oil market stability and Riyadh’s role in achieving this balance, following a three-day Saudi visit by Chinese President Xi Jinping.

Russian oil revenues could weather EU ban, G7 price cap

Russian oil output could fall by 500,000 to 1 million barrels per day (bpd) early in 2023 after the European Union imposes a ban on seaborne imports from Monday, two sources at major Russian producers said.