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Oil Price
Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns
Oil prices settled lower on Friday and fell around 2% last week as production increases and renewed COVID-19 lockdowns in some countries, offset optimism about …
Oil Price
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after…
Solar Power Plant
UAE’s Taqa Seeks to Shine with Solar Energy Push
State-owned utility introduces sustainability goals as part of the emirates’ drive to wean itself away from oil
Italy
New RWE Onshore Wind Farm in Italy Produces Green Electricity for Sofidel
Long-term Power Purchase Agreement (PPA) decisive lever for RWE’s 13.6 megawatt wind power project in Sicily.
Nuclear Fuel
Russia Builds Second Depleted Uranium Hexafluoride Processing Plant
The commissioning of the W2- EKhZ unit, scheduled for 2023, will double the capacity of the enterprise for processing DUHF from 10,000 to 20,000 tons a year.
Oil Exploration
Eni Announces a New Light Oil Discovery in Block 15/06, Offshore Angola, Through “ILX” Exploration Strategy
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore.
Electrification
ETHIOPIA: Addis Ababa gets Support for Electrification Process
The World Bank's Board of Directors has approved a $500 million loan to Ethiopia.
Nuclear Power Plant
Framatome to Provide Outage Services to Dominion Fleet
Framatome recently signed a "multi-million dollar" contract with US utility Dominion Energy to support the long-term operation of its nuclear power plant fleet.…
Energy Taxation
Biden Tax Plan Replaces U.S. Fossil Fuel Subsidies with Clean Energy Incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%.
Wind Power Company
Ingeteam Introduces a New Robust Wind Controller Firmware Development Methodology
This speeds up the time to market and commercial production capacity of new wind farm developments whilst ensuring the highest level of reliability in the field…
Nuclear Reactor
Aecon to Support Development of Terrestrial Energy’s Molten Salt Reactor
Canada’s Terrestrial Energy on 1 April signed an engineering and construction services agreement with Aecon Group to support construction planning for its Inte…
Solar Power Plant
South Africa's Businesses Dodge Power Cuts by Investing in Renewables
State utility Eskom said last month that the country faces another five years of supply disruption
Energy Storage Battery
New Batteries give Jolt to Renewables, Energy Storage
The cost of harvesting solar energy has dropped so much in recent years that it's giving traditional energy sources a run for their money.
HVDC
Successful Completion of the First Ever Submarine Interconnection Between the Island of Crete and Mainland Greece
Record water depth installation for the innovative non-metallic armour cable / The trustful relationship with IPTO and the Group’s consolidated project executi…
Wind Power Project
GE Announces 1.48 GW Agreement with Invenergy for North Central Wind Energy Facilities
Project includes Traverse, Maverick and Sundance wind farms. GE will deliver 492 x 2.X-127s and 39 x 2.X-116s wind turbines with varying nameplates and hub heig…
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