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Oil Price

Oil Approaches $120 as EU Considers Ban on Russian Crude

Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global ene…

Nuclear Power Plant

The Most Crucial Assembly Operation Of The Year Started At AKKUYU NPP Unit 1

Welding of the main circulation pipeline (MCP), a key assembly operation scheduled for 2022, has started in the reactor building of Akkuyu Nuclear Power Plant U…

United Arab Emirates

Masdar’s Clean Energy Capacity Jumped 40% in 2021 with Renewables Portfolio Expansion

Masdar reported a 40 per cent jump in its clean energy capacity in 2021 as the Abu Dhabi-based company continues to expand its renewables portfolio globally ami…

Offshore Wind Power

Shell Applies for Licenses for 17 Gigawatts of Offshore Wind in Brazil

Shell has applied for environmental investigation licences for six offshore wind projects in Brazil with the country’s Institute for the Environment and Natura…

Solar Inverter

Ingeteam Supplies Solar Inverters for Mercury Renew Projects

Ingeteam have already concluded the supply of 108 solar inverters made in Brazil and 32 substations or power stations also assembled in the country.

Oil Price

Oil Jumps as EU Weighs Russian Embargo

Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…

Wind Farm

Approval for Australia’s Biggest Wind Farm

An agreement to create Australia’s largest wind farm has been approved, with the 1GW farm to be installed near Warwick in Queensland.

Oil Price

Oil Settles Volatile Week Below US$105

In the past week, the price of US crude oil, which briefly topped US$130 a barrel amid concerns that the conflict in Ukraine will squeeze energy markets, eased …

Oil & Gas Supply

IEA Unveils 10-Point Plan to Cut Oil Supply Crunch

The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…

Geothermal Power Plant

Significant Increase in Geothermal Development in Kenya

With an installed capacity of 863 MW, geothermal produced around 48% of all electricity supplied in Kenya in 2020/ 2021.

SMR

Boris Johnson to Host Nuclear Energy Roundtable to Remove Barriers to New Developments

The Prime Minister is set to host a meeting on how to remove the barriers to increasing the UK’s nuclear power output, No 10 has announced.

Nuclear Power Plant

Belgium Delays Nuclear Energy Exit 10 Years Due to Ukraine War

Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, spooked by the huge rise in energy prices due to the Russian invasion of Ukraine.

Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

Nuclear Reactor

Belgium's Plans to Scrap Nuclear Energy Delayed by 10 Years Because of Russia-Ukraine War

Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, worried by the rise in energy prices caused by the Russian intervention in Ukraine…

SMR

Canadian government invests in third SMR technology

The Canadian government is to invest CAD27.2 million (USD21.6 million) in Westinghouse Electric Canada Inc to support its next-generation eVinci microreactor.