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Oil Price

Oil Prices Reach Three Month High on Improving Demand Outlook

Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…

Carbon Emissions

Pandemic Causes Record Decline In U.S. Carbon Emissions

Last week BloombergNEF published a new report that quantifies the impact of the Covid-19 pandemic on U.S. carbon dioxide emissions.

Oil Field

GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil

The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is…

Hydropower Plant

Slovenia's HSE Hydropower Plants Nov Output 21% Above Plan

Slovenian state-owned electricity producer Holding Slovenske Elektrarne said the output of its hydropower plants was 21% above plan in November.

Nuclear Power Plant

Hungary's Paks II Project Receives Construction Approval

The Hungarian Energy and Public Utilities Regulatory Authority (MEKH) has approved Atomerőmű Zrt's plan to construct two VVER-1200 reactors at the existing Pa…

Solar Power Plant

Australia’s Ambitious $16 Billion Solar Project Will Be The World’s Biggest

The world’s most ambitious renewable energy project to date is the proposed Australia–ASEAN Power Link.

Solar Power Plant

Low Carbon to Develop UK’s Largest Community Solar Farm

Low Carbon Ltd has agreed a deal with social enterprise Low Carbon Hub for the rights to a 19MW solar farm with battery storage potential.

Solar Power Panel

Trina Solar Seals 1.2 billion Wafer Supply Deal with Zhonghuan Semiconductor

Trina Solar has bolstered its solar wafer supply line with the signing of a 1.2 billion wafer deal with Zhonguan Semiconductor, valued at RMB6.5 billion.

Wind Farm

Vestas Probes V150 Collapse in Sweden

The 4.2MW turbine is at WPD's 72MW Aldermyrberget wind farm in the municipality of Skelleftea.

Wind Farm

Greencoat UK to Acquire RWE’s Wind Farm for $866m

Investment company Greencoat UK Wind has signed a £648m agreement to acquire a 49% stake in the 219MW Humber Gateway offshore wind farm from RWE.

Oil & Gas Trade

Algerian Gas Exports to Drop by 4.7%, Energy Minister Says

Oil and gas revenues amounted to $33 billion in 2019 and is forecast to be $23 billion this year.

Oil Field

China Looks To Buy Stake In A Major Iraqi Oilfield

State giants China National Petroleum Corporation and China National Offshore Oil Corporation are interested in buying ExxonMobil’s entire operating stake in o…

Chile

China State Grid Further Inroads into Chile’s Electricity Distribution Sector

Spanish energy company Naturgy’s 96.04% stake in CGE will cost State Grid €2.57 billion payable in cash once the transaction is completed, which is expected b…

Oil and Gas Equipment

MacGregor Makes Lingshui 17-2 Deliveries

MacGregor, part of Cargotec, has delivered the riser pull-in system for the Lingshui 17-2 platform, owned and operated by CNOOC.

Net Zero Emission

Government of Canada Charts Course for Clean Growth by Introducing Bill to Legislate Net-Zero Emissions by 2050

As the Government of Canada continues to protect and support Canadians through the COVID-19 pandemic, we must continue working toward building a better future.