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Market Analysis

Global Offshore Wind Market to Hit 23GW Capacity by 2026

The global market for offshore wind energy is expected to expand in value from $24 billion in 2019 to $75 billion in 2026.

NTPC's Profits Dropped to $1.34b in FY 2020

Generation declined to 290.19 billion units compared to last year.

Oil Price

Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter

It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.

Coal Trade

IndexBox: Asia Pacific Coal Market Rises for Third Consecutive Year

In 2019, the Asia Pacific coal market increased by 6.1% to US$751.8 billion, rising for the third consecutive year after four years of decline.

LNG

Poland Signs Deals to Expand Świnoujście LNG Terminal

Poland is to invest PLN 1.9 billion in the expansion of its Świnoujście liquefied natural gas terminal.

Oil & Gas Trade

Saudi Oil Exports Down by $12 Billion Year on Year in April

The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.

Oil Pipeline

UAE Oil Major Signs A $20 Billion Gas Deal

UAE’s ADNOC today announced a $20.7-billion deal with six international companies for the acquisition of a minority stake in Adnoc Gas Pipeline Assets.

China State Grid to Invest 24.7 bln Yuan in New Infrastructure this Year

The State Grid Corporation of China announced Monday it will invest 24.7 billion yuan in new infrastructure across the country this year.

Market Analysis

EIA: US Coal Consumption Continues to Decline Across All Sectors

US coal consumption has been declining since its peak in 2007 of 1.1 billion short.

Indonesia State Power Company PLN Reports $2.8 bln Q1 Loss

Indonesia’s state electricity company Perusahaan Listrik Negara (PLN) reported on Monday in its quarterly financial statement a 38.88 trillion rupiah ($2.77 bi…

Solar Power Plant

India Awards USD 6 Billion Solar Power Contract to Adani Green Energy

India's state renewable energy agency SECI has awarded a USD 6 billion contract to domestic renewables company Adani Green Energy Limited.

Oil & Gas Trade

Turkey to Receive 6 bcm of Natural Gas from Azerbaijan by June's End

The Trans Anatolian Pipeline will reach a milestone this month as six billion cubic meters (bcm) of natural gas is set to be delivered to Turkey by the end of J…

Oil & Gas Trade

Iran Pressures South Korea To Pay Debts For Oil Exports

The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…

Geothermal Power Plant

Calpine Secures $1.1bn Climate Funding for Geysers Power Company

Calpine Corporation, one of the leading producers of renewable geothermal energy, announced the closing of a $1.1 billion Climate Bonds Certified financing for …

Biobattery

EIA: Growth in Renewable Power Expected to Continue

In the electric power sector, biomass is expected to be used to generate 26.9 billion kilowatt hours of electricity this year.