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Search Results for Fuel
Shell Agrees Sale of Stake in Vivo Energy to Vitol Africa BV
Shell has signed an agreement with Vitol Africa B.V. to sell its 20% shareholding in Vivo Energy for US$250 million. Completion of this transaction is expected during the first half of 2017, subject to regulatory approval. The sale is in…
Norway’s Biggest Oil Company to Build Huge Offshore Wind Farm Off Coast of New York
If everything goes to plan, New York City and Long Island will be harnessing the Atlantic Ocean’s strong and dependable winds as a source of renewable energy. Norway’s biggest oil company will be developing an offshore wind farm outside of…
India Predicts It Will Exceed Paris Renewable Energy Target by Half
The Indian government has forecast that it will exceed the renewable energy targets set in Paris last year by nearly half and do so three years ahead of schedule. The prediction, announced this week in a draft 10-year energy blueprint…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
IEA Welcomes Italy’s Plan to Revisit Energy Strategy and Further Decarbonize Economy
In its latest country review of energy policies, the International Energy Agency praised Italy’s comprehensive long-term energy strategy and the acceleration of its efforts to comply with 2020 goals on renewable energy, climate change and energy efficiency. The IEA’s new…
It’s Official: Solar Is Becoming World’s Cheapest Form of New Electricity
For the first time, solar power is becoming the cheapest form of electricity production in the world, according to new statistics from Bloomberg New Energy Finance (BNEF) released Thursday. While unsubsidized solar has occasionally done better than coal and gas…
No, Coal Isn’t Coming Back: the Reasons in 5 Charts
The coal industry is on the decline, but the reason for that decline has become a subject of political debate. Supporters of fossil fuels blame the energy policies of the outgoing Obama Administration, claiming the emphasis on renewable energy and…