Ces

Oil Price

Global Oil Prices Retreat in Face of Supply and Demand Pressures

Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.

Thermal Coal

China's Thermal Coal Futures Plunge Around 60% Since mid-October, State Planner Says

The prices of thermal coal futures have plunged around 60 percent since mid-October as a series of measures have shown results.

CCS

Repsol Joins Forces with Cox Oil Subsidiary to Promote CCUS Projects in the US

Repsol has allied with Carbon-Zero, subsidiary of the company Cox Oil, to study the development of CCUS on the coast of the Gulf of Mexico in the United States,…

Oil Refinery

Refinery Closures About To Happen In Europe

Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel fee…

Oil Price

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.

Energy Investment

Inclusive Growth the Key to China’s Economic Success

The report said China's wealth reached $120 trillion in 2020, compared to $90 trillion for the US. Germany, Japan, Britain, France, South Korea and other countr…

Allegiance Coal Announces First New Elk Cargo

Manufacturer to supply 20 of its SG 5.0-145 turbines for 100MW wind farm in Alberta, western Canada

Crude Oil

EIA Sees Brent Oil Price Falling To Average $72 In 2022

EIA: Crude oil prices are set to decline next year from the current levels of around $80

Solar Power Plant

ALGERIA: Sonatrach to Build a Solar Park for Its Oil Sites

The National Company for research, production, transport, processing and marketing of hydrocarbons will carry out on its own funds, a photovoltaic plant in the …

Energy Storage Battery

China Unveils Plans to Curb Excessive Battery Growth

The Chinese government has issued a draft plan for lithium-ion battery companies to curb manufacturing projects that only expand capacity.

Offshore Wind Power

Tauron and Enea to Jointly Build Offshore Wind Farms in the Baltic Sea

PGE Polska Grupa Energetyczna, Tauron Polska Energia and Enea are joining forces in the area of offshore wind energy.

Crude Oil

Japan to Subsidise Refiners to Ease Oil Price Impact

Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.

Hydrogen Project

Heliogen and Bloom Energy Demonstrate Production of Low-Cost Green Hydrogen

Heliogen and Bloom Energy have successfully demonstrated the production of green hydrogen by integrating the companies’ technologies: Heliogen’s concentrated …

SMR

Rolls-Royce Pushes Forward with 470MW SMR Nuclear Plant Design

Engineering giant starts UK regulatory approval process for small modular reactor design following government funding boost

Solar Power Plant

Austrian Investment Fund Announces 1 GW Solar Project in Romania

The new parks will have a total capacity of 1 gigawatt.