The energy sector refers to the segment of the economy that involves the production, distribution, and sale of energy. It encompasses a variety of energy sources including fossil fuels (such as oil, natural gas, and coal), nuclear energy, and renewable energy (such as solar, wind, hydroelectric, and geothermal). The energy sector plays a critical role in powering economies, supporting transportation systems, fueling industries, and providing electricity and heating to residential and commercial buildings. It includes various activities such as extraction, refining, generation, transmission, and retailing of energy. Additionally, the energy sector is central to discussions on sustainability and climate change, as it is a significant contributor to global greenhouse gas emissions, prompting a shift towards cleaner energy solutions and technologies.
Duke Energy is strategically focused on renewable development and grid modernization, aligning with global trends towards sustainable energy. The utility sector is experiencing transformation, driven by decreased costs in wind…
In the ever-evolving landscape of the energy industry, cybersecurity has emerged as a critical concern. Recent findings from DNV Cyber's latest report reveal that a staggering 65% of energy professionals…
In a bold move, Turkish Petroleum Corporation (TPAO) is setting its sights on Libya's energy sector. The company's General Manager, Ahmet Turkoglu, announced the investment plans at the Libya Energy…
**Poland's Orlen oil company is upping the ante!** The firm is set to invest an astounding 380 billion zlotys (approximately $91.5 billion) by 2035. This marks a significant increase from…