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Market Analysis
Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with t…
Oil Price
Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingd…
Oil&Gas Drilling
Worldwide Offshore Rig Count in August Down 74 Units Year Over Year
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
Coal-Fired Power Plants
Energy Giant to Close Biggest Coal Generator in Germany After Just Five Years
Swedish utility Vattenfall wants to shut down its youngest and most efficient coal-fired power plant in Germany because it is unprofitable.
Oil Price
Canadian Oil Prices Rise On Pipeline Shutdown
The Canadian heavy oil benchmark rose on Wednesday after a pipeline carrying diluent necessary for oil sands production was shut down following a leak over the …
Micro Reactor
Belgium does not have to Shut Engie Nuclear Reactor, Court Rules
A Brussels court ruled on Thursday that Belgium does not have to shut down Engie's Tihange-2 nuclear reactor after a challenge from several Dutch.
Coal Production
Germany Begins Allocating €40 Billion to Coal Regions to Start Phase-Out
By 2038, Germany’s last coal-fired power plants are expected to be shut down. To reorient the regions economically, however, they are to be replaced by researc…
Coal-Fired Power Plants
Camden Power Station Back Up, But Eskom Emissions Continue
Eskom’s Camden Power Station, close to Ermelo in Mpumalanga, resumed operations on Thursday after a four-month shutdown.
Nuclear Power Plant
Exelon Announces Early Shutdown of Four Illinois Reactors
US utility Exelon Generation announced today both the two-unit Byron and Dresden nuclear power plants will be retired in 2021 as "the result of market rules tha…
Electrical upgrades, penbrook meadows 1
Request for Tender: Electrical upgrades, penbrook meadows 1 (pen1)
EV Market
Tesla Now Worth more than Exxon Mobil, Shell and BP Combined
Nothing slows down Tesla on its rise. Last Thursday, the action of the firm reached the symbolic mark of 2,000 dollars
Geothermal Power Plant
Current Crisis Could Slow Down Geothermal Development in Italy for the Next Two Years
Before the arrival of the pandemic the geothermal sector – for the production of electricity as well as heat – was in great shape in Europe and in the world.…
Crude Oil
India’s July Crude Imports Fall to Decade Low
India's crude imports hit a decade low in July, falling by a record 36pc or 1.67mn b/d on the year because of a nationwide Covid-19 lockdown and sliding refinin…
Nuclear Fuel
Kazatomprom Extends Uranium Roduction Cuts into 2022
Kazakhstan's JSC National Atomic Company Kazatomprom says it will continue to "flex down" production by 20% through 2022.
Crude Oil
Storage Levels for Crude Oil are Starting to Decline as Economies Recover
As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.
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