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Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Natural Gas
Texas Freeze Caused Record Gas Spot Prices and Outages
In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish da…
Power Construction
ERCOT Overcharged Power Companies $16 billion for Electricity During Winter Freeze, Firm Says
An independent market monitor for the Public Utility Commission of Texas wrote in a letter that the power grid operator kept market prices too high for nearly t…
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
Germany
Wind Energy Replaces Coal as Germany’s Biggest Energy Source in 2020
The share of renewable energy in the amount of electricity generated and fed to the grid in Germany reached a new record, rising from 42.3 percent in 2019 to 47…
Electric Vehicle Battery
Are Chinese Car Brands A Real Threat To Tesla?
While China turns to local brands of EV over Tesla, Indonesia’s natural resources show great potential for its battery manufacturing industry.
Crude Oil
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Energy Saving
CSTPS Tops Nation’s 154 Thermal Plants in Energy Conservation
The Chandrapur Super Thermal Power Station constantly working to maintain performance and efficiency of energy production has successfully achieved success in P…
Crude Oil
PetroSA Merger to Form South African National Petroleum Company
In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…
Solar Power Plant
MOZAMBIQUE: Ncondezi Energy Relaunches its 400 kWp Solar Off-Grid Project
After a pause in the development of its off-grid project for the industrial and commercial (C&I) sector, due to Covid-19, Ncondezi Energy announces the relaunch…
Crude Oil
Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd
Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.
Hydrogen Storage
Hexagon Purus, CIMC Enric ink JVs for China and Southeast Asia
Hexagon Purus and Chinese energy equipment manufacturer CIMC Enric have joined forces to accelerate zero-emission hydrogen transportation in China and Southeast…
Wind Farm
Capital Energy Advances in the Development of Its First Wind Farm in Aragon, Biota
This wind energy facility, located in the Zaragoza municipalities of Biota and Uncastillo, will have an installed power of 58.7 MW and its development will invo…
Nuclear Technology
Rosatom Develops Fast Reactor Fuel, Launches Tender for Pyrochemical Processing Study
The Bochvar Institute has developed a fuel rod design based on nitride uranium-plutonium fuel for the BREST-OD-300 fast neutron reactor.
Electric Car
Iberdola Joins Forces with Lexus to Promote Smart Mobility Across Spain
Spanish multinational energy company Iberdrola has partnered with automaker Lexus to promote the use of electric vehicles and to accelerate the installation of …
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