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South Korea

Wood Mackenzie: Green Hydrogen Cost to Halve by 2030 – a Boost to South Korea’s Hydrogen Ambitions

Onsite green hydrogen production cost is expected to halve by 2030, signalling a boost to South Korea’s hydrogen ambitions.

Energy Transition

TEQ and GENA form Hydrogen-Focused Partnership

Energy Transition Québec and the German Energy Agency have launched an international cooperation to boost the energy transition through the use of hydrogen tec…

Oil&Gas Drilling

World’s Largest Offshore Rig Owner Files Bankruptcy

UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8…

Nuclear Power Plant

Developer Says New Nuclear Plant in Suffolk Brings 'Optimism for the Future'

An energy company behind plans to build a new nuclear power station in Suffolk says the plant will give "optimism for the future" as the UK enters a recession. …

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.

Oil & Gas Trade

Libya to Export Only Oil Accumulated in Terminals, LNA Says

Libya, following the resumption of the operation of oil facilities, will export only oil accumulated in port terminals, crude produced at deposits will not be e…

Market Analysis

Origin Braces for Tougher Year as Virus Hammers Energy Markets

Australian power giant Origin Energy is bracing for a tougher-than-expected year ahead as lower wholesale electricity prices erode profits and the oil price cra…

Oil&Gas Drilling

OPEC+ Stresses Need for All Members to Comply with Output Cuts

The outcome of the meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) on Wednesday was as predicted.

Libya

Turkey Set to Receive $35 billion in Libya Contracts

Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another …

Nigeria

NPDC Planning 500,000 barrel of Crude Oil Per Day

Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …

Quotation For Battery Charger For Kinoya Pumps Stores

Tenders are invited for Quotation For Battery Charger For Kinoya Pumps Stores

Provisions of technical services for development

Request for proposal: Consultancy for provisions of technical services for development of investments in climate resilience and access to renewable energy techn…

Location And Repair Of Pilot Cable Faults

Tenders are invited for Location And Repair Of Pilot Cable Faults

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.

Nuclear Power Plant

The UAE's Newly-Launched Nuclear Power Plant Connects to National Grid

The UAE's newly-launched nuclear power plant connects to national grid.