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Energy Transition

Dubai's Energy Transition Beats 2020 Target

Dubai Electricity and Water Authority has announced that the emirate's transition to clean energy, targeted at 7% for 2020, has been exceeded, with 9% of the re…

Hydropower Plant

Singrobo Hydropower Project to Deliver Electricity Under a 35-Year PPA

An Africa-focused power company Themis Group announced it has issued a Full Notice to Proceed (FNTP) with construction of the 44MW Singrobo Hydropower Project, …

Wind Turbine

Wind Turbine Market Hits a New Supply Record

The size of wind turbines continues to rise, with the average rated capacity of new turbines exceeding 1,750 kilowatts in 2019, an increase of 72% from 2009 to …

Market Analysis

China's New Grid Capacity Likely to Exceed Solar Demand

China could accommodate nearly 50GW of new solar PV capacity this year, new analysis has revealed.

Coal Price

Effects of Lower Coal Prices Only Partially Reflected in 1Q20

As average coal input prices exceeded our estimate due to lower utilization rates at coal power plants, KEPCO’s 1Q20 results fell short of our estimates.

Crude Oil

Goldman Sachs: Oil Demand Could Exceed Supply By End-May

Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…

Oil & Gas Trade

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals

Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.

Oil & Gas Trade

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.

Wind Farm

Clearway Energy Proceeds with Investment in 482-MW Wind Portfolio

US power company Clearway Energy Inc (NYSE:NYLD) has signed binding deals with its sponsor, Clearway Group (CEG), to acquire or invest in a number of wind proje…

Oil Price

Russia’s Oil Pain Deepens as OPEC+ Prepares to Cut Output

The Kremlin may have succeeded in ending its oil war with Saudi Arabia, yet the pain of crude’s crash is only just starting to hit Russia’s budget.

LNG

New Arctic Projects will Proceed as Planned, Despite a Sharp Drop in LNG Exports

Amid a world economic crisis, the Russian gas company Novatek is shipping less liquefied natural gas than it was just a few months ago.

Crude Oil

Global Oil Producers Agree On Joint 10 Million Bpd Output Cut

OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda…

Wind Power in China

China Three Gorges to Raise $3.5b in Renewables Unit IPO

It plans to use part of the proceeds to fund seven offshore wind farms.

Oil Price

Libya Says Oil Shutdown Losses Exceed $3.5 Billion

Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…

Oil & Gas Trade

Oil Crisis Deepens in Libya as Losses Exceed $3 billion

The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…