Cip

Crude Oil

IEA Says Oil Demand more Resilient than Expected in the Face of Omicron

Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.

Energy Investment

Apicorp and IsDB Collaborate on $1bn Infrastructure Financing Initiative

The multilateral lenders aim to address low private sector participation in funding energy projects

Liquid Hydrogen

South Korean Consortium Gains Approval in Principle for Liquid Hydrogen Tank for Ships

South Korea continues to pave the way forward for hydrogen implementation into shipping with a consortium of industry leaders gaining an approval in principle t…

Thermal Plant

Petrobras Sells Three Thermal Power Plants in Bahia

The facilities will now be owned by São Francisco Energia S.A., a subsidiary of utilities company Global Participações em Energia S.A.

Cooperation case

China, Russia forge Close Ties in Energy Cooperation Under BRI: Sinopec Report

China’s oil giant Sinopec on Tuesday released a report about the company’s participation and growth in Russia which deepens ties with China on energy cooperat…

Liquid Hydrogen

Woodside Eyes Liquid Hydrogen Exports to Singapore

Australian independent Woodside Petroleum will participate in a study into the feasibility of long-term, sustainable liquid hydrogen exports from Western Austra…

Hydrogen Project

RES to Deliver Green Hydrogen in Sweden

Leading renewable energy company RES has announced a collaboration with Ånge Municipality in Sweden to deliver a new green hydrogen plant in Alby.

Solar Power Plant

German Solar Developer to Install 88.5 MW PV Facility in BiH

German solar company Promondis plans to install a solar power plant with a capacity of 88.5 megawatts in the municipality of Bosanski Petrovac in the Una-Sana C…

Floating Offshore Wind

Technip Floater Concept Wins DNV Approval

Recognition goes towards the approval in principle of the engineering outfit’s INO12TM platform

LNG

Jera Invests in Barossa Gas Field, Joins Darwin LNG Project

Japanese energy giant JERA will buy a 12.5 per cent stake in the Barossa gas field, thus participating in the Darwin LNG project in Australia.Courtesy of Santos

Carbon Neutral

China's Low-Carbon Strategy a Boost for Global Green Development

China's low-carbon path serves as a boost for green development globally, noted participants in the 2021 Understanding China Conference.

Wind Power Project

Elecnor Builds the Largest Wind Power Project in Spain for 64.3 million

The new wind energy installation with more than 300 MW is located in four municipalities of Cuenca and will be the largest one built in a single phase.

Offshore Wind Power

Ingeteam to Showcase Its Latest Onshore and Offshore Wind Power Technologies at WindEurope Electric City 2021

​Ingeteam，the global specialist in wind energy drivetrain technology, will participate at WindEurope’s Electric City 2021 Exhibition & Conference, a key global…

Crude Oil

China Begins Releasing Oil from Its Strategic Reserves

China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…

OPEC

Opec Maintains 2022 Outlook and Expects Oil Demand to Surge Above Pre-Covid Levels

Based in Vienna, the group trimmed its outlook for 2021 owing to slower-than-anticipated demand from China and India