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Biomass Power Plant
UK Biomass Generation Rises with Grid Demand in July
The UK's biomass-fired generation increased on the month and year in July as Covid-19 lockdown measures eased, resulting in extra demand on the power grid.
Power Construction
Reimposed Lockdowns Weaken India's Power Demand
This will affect the revenues and cash collections of discoms.
Electric Vehicle Battery
PG&E, Tesla Start Building World’s Biggest Battery
The 182.5 MW/730 MWh Moss Landing energy storage system could eventually be expanded to 1.1 GWh – putting it on track to overshadow Tesla’s massive Hornsdale …
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
Oil Price
Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
Geo-Drill Project Exploring Down Hole Hammer Drilling for Geothermal
In exploring ways to cut down the cost of drilling for geothermal, the GeoDrill project is looking at down the hole hammer drilling technology.
Oil Field
Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake
Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.
Crude Oil
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Energy Investment
Efficiency Companies Raise $858 Million In VC Funding In 1H 2020
Funding into Battery Storage and Efficiency companies was down in the first half of 2020
Coal Trade
Ukraine's Coal Imports in the First Half of 2020 Fall 18.4% Year-on-Year
Ukraine's coal imports were 8.6 million tons, down 18.5% year-on-year. Among them, coal imports from Russia and the United States accounted for 60% and 30% resp…
Oil & Gas Trade
Saudi Oil Exports Down by Nearly $12 billion Year-on-year in May
The value of Saudi Arabia’s oil exports dropped by 65% year-on-year in May, or a fall of nearly $12 billion, official data showed on Thursday.
Oil & Gas Trade
What’s Next For Oil And Gas?
Oil demand has been decimated by Covid-19, bottoming in April at 76 million barrels per day, down 25% from 102 million barrels per day in December 2019.
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…
Wave Energy
Scots Grant £1.4m to Reduce Wave Power Costs
Wave Energy Scotland (WES) has awarded a total of just under £1,400,000 to four projects aimed at bringing down the cost of wave power.
Crude Oil
OPEC Adjusts Oil Demand to 8.9 Million bpd for 2020
The Organization of the Petroleum Exporting Countries, yesterday, revised downward its world oil demand in 2020.
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