Energy Storage System

Energy Storage to Surge to 89GW by 2040 Across Major European Markets

Energy storage systems look set to win out over other flexibility providers, as solar and wind generation continues to soar.

LNG

Avenir LNG Carrier Nearing Completion

Singapore's Offshore Technology Development has recently completed the installation of a ballast water treatment system on Avenir LNG's small-scale vessel.

Geothermal Power Plant

Daldrup & Söhne AG Successfully Drills Production Well for Geothermal Heating Plant Project in the Netherlands

The drilling technology and geothermal energy group Daldrup & Söhne has successfully drilled the first well of the triplet for Aardwarmte Combinatie Luttelgees…

Solar Power Plant

Somalia: Energy Firm Tackles Solar Power Transition

A solar photovoltaic power plant recently commissioned by BECO is now operational in Mogadishu, the capital of Somalia.

Africa Energy

Sharara Reopens in Libya

As the Government of National Accord makes gains in its military struggle with the Libyan National Army, the Sharara oilfield has restarted production.

Trice Resigns as Hurricane Energy Chief Executive

Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.

Venezuela's New Gasoline System Fails to End Epic Lines

Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend.

Energy Technology

Electric Vehicles Boom will Push Nickel Sulphate Supply to Peak in 2027

With the demand from the electric vehicle sector continuing to accelerate, Nickel Sulphate production is expected to rise from 211 kilo-tonnes in 2019 to its pe…

Hydropower Plant

Uzbekistan Issues Tender for 23 MW Hydropower Capacity

JSC Uzbekhydroenergo, Uzbekistan's state hydropower producer and developer, has announced a tender for the design and construction of the 6 MW Rabat, 8 MW Chapp…

Market Analysis

Long-Term Forecasts Predict China's Move Toward Decarbonisation

A scientific paper has forecast China’s long-term energy future, showing how the economic giant would change in different scenarios.

Solar Company

Valmont Acquires Undisclosed Stake in Energia Solar do Brasil

Global manufacturing company Valmont Industries has acquired a significant stake in Brazil-based Energia Solar do Brasil.

Oil Price

Oil Advances Above $43 after OPEC+ Extends Production Cuts

Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.

Oil Price

OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020

Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.

Crude Oil

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…

Wind Farm

Iberdrola's CAVAR Wind Power Complex Begins Operations in Spain

Spanish electric utility company Iberdrola has started operations of its CAVAR wind power complex in Navarra, Spain.