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Oil Price

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices

Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…

Crude Oil

As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production

Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…

United Kingdom

New Heat Pump Design Claims Efficiency Gains

Engineers at Glasgow University have designed a new prototype heat pump that they claim could deliver as much as 10 per cent efficiency gains on current devices…

Oman

TotalEnergies, Veolia Ink Deal to Build 17MWP Solar Project in Oman

This will provide power to the Sharqiyah Desalination plant.

JinkoSolar Subsidiary to Issue $1.5B Convertible Bonds

Proceeds will serve as Jiangxi Jinko’s working capital, amongst others.

United Kingdom

Octopus ‘Asks for £1BN Government Support to Seal Bulb Takeover Deal’

The energy supplier is reportedly keen on paying up to £200 million to take on Bulb’s 1.6 million customers.

Coal-Fired Power Plants

UK Relaxes Permitting Conditions for Coal-Fired Power Plants This Winter

It will cover the period from 1st October 2022 to 31st March 2023 to address energy security issues if they arise, ‘whilst aiming to limit unnecessary pollutio…

Hydrogen Project

Indian Energy Giants Plan 1.3GW Green Hydrogen Project Powered by 24/7 Renewables in $6BN Deal

Plant would use 6-7GW of wind and solar to produce one million tonnes of green ammonia annually.

Iran

Iran Says Proposed Ideas Submitted to Accelerate Nuclear Talks

Iran has submitted proposed ideas in "both substance and form" to the other sides of the Vienna talks on reviving the 2015 nuclear deal, to pave the way for the…

Renewable Power Added in 2021 Saves $55BN From Global Energy Generation Costs in 2022 – IRENA

Almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20.

Wind Farm

Masdar, CPPIB Among Those Seeking Stake in Iberdrola’s 1.4 Billion-Euro German Wind Farm

Abu Dhabi's Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola's German offshore wind farm in a de…

Paris Climate Agreement

Why Oil Investors Should Keep an Eye on ESG Scores

Legal and regulatory initiatives promulgated as a result of the 2015 Paris Climate Accords, have been the driver of these changes.

Wind Farm

Total Eren, Partners Begin Construction of 16.7MW Wind Farm in South Korea

The project will start operations in Q1 2024.

China

China, US to Account for 75% of Global Energy Storage Demand

Wood Mackenzie projected the markets to have 422GWh and 600GWh by 2031.

Smart Meter

Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study

The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…