OMV secures €123m for Austria green hydrogen project
Austrian energy company OMV will receive up to €123m for development of what could be one of Europe’s largest green hydrogen plants. The funding deal was signed by OMV and…
U.S. Pushes for Reducing Rare Earth Dependence on China
The United States is urging G7 countries to reduce their dependence on China for the supply of rare earths and do it faster, Reuters has reported, citing an unnamed senior…
Goldman Sachs Says WTI Could Drop to $50
West Texas Intermediate could drop all the way to $50 per barrel towards the end of this year, Goldman Sachs energy analysts said in a note that cited an expected…
Trump Tells Oil Executives Venezuela Deal Will Create “Tremendous Wealth”
President Trump on Friday framed a sweeping new Venezuela oil deal as a once-in-a-generation opportunity for U.S. energy companies and the American economy, telling executives that the agreement would generate…
Moeve delivers on SAF for flights between Tenerife and Germany
Spanish integrated energy firm Moeve has completed the supply of sustainable aviation fuels (SAF) to airline Condor for flights departing from Tenerife South Airport to Hamburg, Munich, Frankfurt and Dusseldorf.…
Indian biogas could receive $135m boost this year
The Indian Biogas Association has proposed a $134.5m fund to subsidise the biogas industry in the upcoming Union Budget of India, set to take place on 1 February. The IBA…
Ukraine Strikes Lukoil Drilling Platforms in Caspian Sea
Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort.…
Climate tech startup wins eco award for lower cost SAF
UK-based climate tech company OXCCU has won the Startups 100 Sustainability Award for its efforts to develop the world’s “lowest cost and lowest emission” pathways to make sustainable aviation fuel…
Washington’s Venezuelan Oil Push Falters on Funding Questions
A week after President Donald Trump’s bold talk about U.S. oil majors “going in and spending billions” to revive Venezuela’s wrecked crude industry, the administration is now walking back the…
China Pushes for Renewable Microgrids at Industrial Sites
China looks to reduce emissions in industry by introducing a new policy for industrial parks to use more renewable energy from their micro-grids and dispatch less green energy to the…
