Scientists estimate natural hydrogen deposits may meet global energy demand for 170,000 years, potentially transforming clean energy markets. Researchers have identified vast underground hydrogen reserves capable of supplying global energy needs for 170,000 years. The disc
The start of production at ACG block deepens Western energy ties in the Caspian and bolsters Europe’s gas supply alternatives. BP has begun commercial natural gas production from the deeper reservoirs of Azerbaijan’s Azeri-Chirag-Gunashli (ACG) block, the country’s largest
Cuba targets solar power to offset a 60 percent fuel deficit as US sanctions and Venezuelan supply cuts deepen its energy crisis. Cuba is accelerating solar energy projects to address a severe fuel shortage, fulfilling only 40 percent of its daily 100,000-barrel demand dom
The country targets green hydrogen and sustainable shipping as it reduces coal dependence, now accounting for 60 percent of electricity generation. Morocco is accelerating its transition to renewable energy, leveraging solar power and private investment to reduce reliance
Active oil rigs in the US increased by 4 this week, reaching 429, while gas rigs held steady at 125. The US oil and gas rig count climbed this week, driven by a 4-unit increase in oil rigs to 429, according to industry data. The total rig count now stands at 562, nearly un
Chevron CEO reports multiple vessel attacks in the Strait of Hormuz, cutting shipping traffic to 10% of pre-war levels. Multiple commercial ships have been attacked this week in the Strait of Hormuz, a critical chokepoint for global oil transport, according to Chevron’s CE
Bank of America forecasts a short-lived silver spike above $100 in late 2026 before prices retreat to $75 by mid-2027. Silver may rebound to $100 an ounce in the fourth quarter of 2026, driven by a potential gold rally and speculative flows, according to Bank of America an
The U.S. energy major aims to expand its Eastern Mediterranean footprint through a partnership with Helleniq Energy. Chevron has filed to acquire a 70% stake in an offshore oil and gas exploration block in southwest Greece. The block is currently fully owned by Helleniq En
The U.S. energy major aims to expand its Eastern Mediterranean footprint through a partnership with Helleniq Energy. Chevron has filed to acquire a 70% stake in an offshore oil and gas exploration block in southwest Greece. The block is currently fully owned by Helleniq En
Energy giant Uniper warns that Germany could face natural gas shortages in the winter if it doesn't accelerate the rate of filling gas storage sites. Uniper's chief executive Michael Lewis called for incentives for companies to stock up gas in storage in an interview with
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