Lithium-ion batteries are ubiquitous, whether it be in consumer products, electric vehicles (EVs) or commercial and industrial energy storage. Nowhere is this more evident than in EVs, which are making meaningful inroads into the transportation market, with market data company Canalys estimating 6.5 million EVs were sold worldwide in 2021, more than double the prior year.
The oversubscribed £10m placing of Anglo African Oil and Gas plc last week, an introduction to the stock market facilitated by finnCap, highlights an increasingly buoyant fundraising environment enabling companies to capitalise on the growing confidence in the oil and gas sector. The company will use the cash to acquire Petro Kouilou, with a plan to increase production six times of what the field in Congo is currently producing, demonstrating a strong start for the company.
There are still too many questions and not enough answers when it comes to decommissioning costs and liabilities, an industry analyst has said.
Despite a particularly mild winter, the US power market used 2.2tcf of gas between December and February, an increase of over 10% on the previous year. So what’s driving the growth in gas demand?