

Stanley Reed
Posts

Britain and the Netherlands Agree on a North Sea Power Link
The undersea connection between a Dutch wind farm and Britain could be a step toward more renewable energy to counter Russia and tackle climate change.

With Russia’s Exit, Norway Becomes Europe’s Energy Champion
It is now the continent’s largest supplier of natural gas, and last year the country’s energy earnings jumped $100 billion.

Oil Prices Jump After Surprise OPEC Production Cut
Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in...

Virgin Orbit’s Failed Launch Is a Blow to the Company
Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.

Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.

Oil Prices Rise on Talk of Russian Output Cut
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.

BP, in a Reversal, Says It Will Produce More Oil and Gas
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.

Shell’s Profit Soared to $42 Billion in 2022
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach”...

Russian Diesel Is Europe’s New Embargo Target
The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.

British Battery Start-Up Files for Bankruptcy
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.