Wind and solar power surges to record 12% of global electricity

Global wind power blew away records last year, enough to power almost all of the UK, according to a report

OPEC+ oil cuts deepen energy crisis

Several major oil-exporting nations, including Saudi Arabia and Iraq, have announced surprise production cuts as the world continues to grapple with an ongoing energy crisis

IRENA calls for targeted public spending and policy action to maximise post-Covid recovery

According to the energy agency, an annual energy spending of $4.5 trillion could boost world’s economy by 1.3% and create up to 19 million jobs by 2030

Oil and gas execs’ confidence in economy wilts

The buoyant mood of senior oil and gas execs about the global economy improving has wilted, going by new research from EY. The analysts’ bi-annual Capital Confidence Barometer found oil and gas executives are more cautious than ever before. Andy Brogan, EY’s Global Leader for Oil and Gas Transaction Advisory Services said: “A conservative view […]

Utility firms’ confidence in global economy at ‘highest levels’

Confidence among power and utility (P&U) companies is at its “highest levels” for two years, with 89% of executives saying global economy is either improving or is stable. They are anticipating global growth of more than 3% in the next 12 months, according to a new survey by Ernst & Young. Half of the P&U […]