The climate commitments of global energy giants lack credibility as they rely on costly technologies that have yet to be proven at scale, according to a report published Thursday by Carbon Tracker. The non-profit think tank that researches the impact of climate change on financial markets noted that despite a...

Boris Johnson's government will consult with local communities to host onshore wind farms in return for "guaranteed lower energy bills," after the UN warned that investing in fossil fuels would be equated with 'moral and economic madness'.

Saudi Arabia, the world's second-largest oil producer that produced more than 10 million barrels of crude per day before the pandemic, plans to produce 13.5 million barrels by 2027, as well as 23 billion cubic feet of gas by 2030.

Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.