The new shareholder-focused approach of shale companies, supply chain restrictions, and inflation have all combined to change how the sector functions. The US shale boom is officially over.
Gazprom and Iran sign a tentative $40BN energy deal as Russia threatens the Europe gas supply. Gazprom will help the NIOC construct six oil fields in addition to the offshore gas reserves in the Kish and North Pars regions.
Walmart has announced its plans to build a nationwide electric vehicle (EV) charging network in a press release on its website.
According to France24, the French police are checking fuel tanks before allowing people to fill up, and only those with "priority occupations" are permitted to refuel.
Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a study shows. The main reason drivers said they made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market.
Due to the decline in Russian imports, the European Union is currently experiencing an energy crisis. The developing world may fall into energy poverty due to Europe’s increasing demand.
Poland's government is embroiled in a political scandal for failing to increase the nation's coal reserves. But Poland isn't the only country that is facing a dreadful scenario, there is a looming coal crisis over all of Europe. For Poland and Germany in particular, a fuel shortage would be devastating.
Chile's President Gabriel Boric has stunned markets and EV makers by nationalizing the lithium industry overnight.
The biggest refinery in Europe, Shell’s Pernis in the Netherlands, suffered a malfunction late on Wednesday, which could exacerbate an already worsening fuel supply situation in northwest Europe due to the strikes in France.
Facing energy crisis the Gujarat government has decided to buy power from Tata at a rate higher than mentioned in the purchase agreement. The move came after Adani’s plant at Mundra and Essar Power’s plant at Salaya stopped supplying power to Gujarat, after the prices of Indonesian coal doubled.
