renewables Archives - Oil & Gas 360

Energy policy crosswinds test the pace of the transition: Oil & Gas 360

March 11, 2026

(By Oil & Gas 360) – The global shift toward lower-carbon energy is facing growing pressure from a mix of investor activism, policy changes, and geopolitical turmoil, underscoring how complex the energy transition has become. At BP, a group of activist investors has pushed back after the company declined to support a shareholder proposal calling for stronger emissions commitments. The dispute

EnerCom’s 31st Energy Investment Conference to be held August 17–19, 2026 in Denver, Colorado

November 26, 2025

( Oil & Gas 360) – EnerCom Denver – The Energy Investment Conference will celebrate 31 years of bringing together the broader energy sector, including companies, investors, analysts, and industry leaders! Presentation opportunities are available for E&P, Midstream, OFS, Nuclear, Power, Data Center and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER – November 26, 2025

French power giant EDF considers full sale of U.S. renewables unit

November 26, 2025

(Oil Price) – EDF, the French state-controlled utility, considers selling up to 100% in its U.S. renewable energy business, the power giant’s chief executive Bernard Fontana told Reuters on Wednesday. Fontana, who was previously CEO at nuclear engineering company Framatome, among other roles, became EDF’s chief executive officer in May this year. Fontana won the approval of the French Parliament to lead

Trump administration restructures DOE, dropping clean-energy offices in favor of hydrocarbons

November 21, 2025

(World Oil)– The Trump administration is eliminating Energy Department offices focused on clean energy and renewables and, instead, creating units dedicated to hydrocarbons and fusion energy. The changes are part of an agency reorganization unveiled Thursday. The plan made no mention of staffing reductions as part of the realignment, and the agency didn’t immediately respond to a request for

US urges Europe to stick to oil and gas, not renewables

November 7, 2025

(Investing) – ATHENS -Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the back of the U.S. shale

Saudi Arabia awards five renewables projects worth $2.4 billion

October 28, 2025

(Oil Price) – Saudi Arabia has awarded one wind power and four solar power projects in the country worth a total estimated investment of $2.4 billion (9 billion Saudi riyals), the official Saudi Press Agency reports. Saudi Power Procurement Company, the principal buyer of the projects, awarded the five projects with a total capacity of 4.5 gigawatts (GW), as part of the

Sweden looks to lend $23 billion to new nuclear power projects

September 19, 2025

(Oil Price)– Sweden’s government will ask the Parliament to approve state loans worth $23.4 billion (220 billion Swedish crowns) to companies to build nuclear reactors in the Scandinavian country. Sweden plans to build two new nuclear reactors by 2035 in a hedge on low-carbon energy security, with 10 new reactors hoped for by 2045. The Swedish government moved to phase out

Natural gas is still a dirty word, but it’s here to stay: WoodMac

February 21, 2025

(Oil Price) – Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly in power generation, industrial processes, and transport. According

BP teases fundamental reset of strategy to boost returns and cash

February 11, 2025

(Oil Price) – BP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance,

Renewables growth won’t go away under Trump

December 20, 2024

(Oil Price) – The rise of data centers and their quest for renewable energy to power AI technology will boost the growth of renewables even under President Donald Trump, the Americas head of Japan’s biggest bank, Mitsubishi UFJ Financial Group, told Reuters. “The new administration will be more constructive on fossil fuels, but that doesn’t mean renewables go away,” Kevin Cronin,

IEA projects big renewables growth through 2030

October 11, 2024

(Oil & Gas 360) – The International Energy Administration (IEA) is forecasting 70% growth in global renewable capacity additions by the end of the decade. The projected momentum follows a record year for capacity growth in 2023. Solar and wind are expected to generate 95% of that capacity growth due to their growing economic attractiveness, according to the agency. The report

BP cuts jobs as supermajor scales back EV charging unit

April 15, 2024

Oil Price BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, Reuters reported on Monday, quoting sources at the company. BP has cut more than 100 out of BP Pulse’s 900 jobs, but many of the

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