Equinor plans shut down of Veslefrikk field after 30 years

Discovered in 1981, the field came on stream in 1989 and has produced more than 400m barrels of oil equivalent

Hyundai to manufacture fuel cells systems in China

It will be the company’s first fuel cell production base outside Korea, manufacturing the same proven fuel cell systems used for its NEXO fuel cell electric SUV

US natural gas and oil production to fall in 2021

That would be a result of a decline in drilling activity related to low oil prices, with responses to the COVID-19 pandemic also leading to supply and demand disruptions

BP kicks off production at giant Oman gas field

The block, comprising of both Khazzan and Ghazeer, has the capacity to deliver around 35% of Oman’s total gas demand

US sets new records for natural gas production and consumption in 2019

The Energy Information Administration reveals natural gas production rose by 10%, reaching a record high average of 93.1 billion cubic feet per day

London-based bank lends €51.9m to Ukraine’s largest natural gas producer

The financial support will help reduce the country’s dependence on imports

Lack of supply proves the biggest barrier to corporate EV adoption

The proportion of EV100 members citing a lack of available vehicles as the main barrier to fleet electrification has shot up from 44% in 2018 to 79% in 2019

Tesla temporarily closes Shanghai factory to limit spread of Coronavirus

The pause in production of Model 3 cars is expected to last less than two weeks

Volkswagen boosts EV production target to 1.5m by 2025

It is set to launch eight new electric or hybrid car models across all of its brands this year, including its new flagship ID.3 EV

Fossil fuels hit record low share of major power producer generation in UK

During the same period, the share of low carbon power from major power producers was up by 1.8% on the previous year, rising to 54.4%