Energy News

BPCL VC fund targets startups in energy efficiency and gas distribution

Bharat Petroleum Corporation (BPCL) has launched the ‘Emerge’ cohort under its BPCL Ankur Fund to support startups in Energy Efficiency and City Gas Distribution (CGD). This initiative aims to...

EIA revises forecast for U.S. natural gas and crude oil prices

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. natural gas and crude oil prices for 2025, reflecting changes in market...

OPEC+ to proceed with planned April oil output increase

OPEC+ has decided to proceed with a planned April oil output increase, the group announced on Monday, Reuters news report said. This decision comes after...

Chevron announces structural changes to business segments

Chevron is undergoing a major reorganization aimed at simplifying its operations, improving efficiency, and addressing financial challenges. The company has announced structural changes to its...

Chevron to slash 8,000 jobs to workers aiming $3 bn in cost reductions

Chevron said it will lay off 15 percent to 20 percent of its global workforce by the end of 2026 as part of a...

Projects: Essential Utilities, WINT Water Intelligence

Essential Utilities, WINT Water Intelligence, among others, announced their latest projects or deals in the global water management industry. Aqua Pennsylvania Buys Greenville Wastewater System in...

ONGC selects BP as technical services provider (TSP) for Mumbai High

ONGC and BP have signed a contract appointing BP as the Technical Services Provider (TSP) for Mumbai High, India’s largest offshore oil field. ONGC retains...

Why energy transition requires more investment?

The risk of a delayed energy transition scenario brings the possibility of a much greater future demand for oil and gas supply. Meeting this...

EIA releases energy outlook for 2025

The U.S. Energy Information Administration (EIA) released its January Short-Term Energy Outlook (STEO), providing forecasts for energy production, consumption, and prices through 2026. EIA projects...

e-STORAGE signs contracts for DC battery energy storage systems in Scotland

Canadian Solar announced that e-STORAGE, part of its subsidiary CSI Solar, has signed contracts with Copenhagen Infrastructure Partners (CIP) for 2 GWh DC battery...

Exxon Mobil and Shell revised financial projections fourth-quarter

Oil majors such as Energy majors Exxon Mobil and Shell have revised their financial projections for the fourth-quarter of 2024. Exxon Mobil Exxon Mobil anticipates a...