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France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Hydrogen Project
UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station
The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.
Rolls-Royce Releases MTU Engines for Use With Sustainable Fuels
Rolls-Royce has approved mtu engines for use with sustainable fuels, a move expected to help make the company’s construction, industrial, agricultural and mini…
United Kingdom
UK Launches ‘First’ Injection of Hydrogen Into Gas-Fired Power Station
Hydrogen will be injected into Centrica’s peaking plant at Brigg, Lincolnshire.
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Paris Climate Agreement
‘Oil and Gas Investments Could Finance Renewables Needed for 1.5°C’
The Paris Agreement could be achieved if money intended for new oil and gas fields was redirected into wind and solar, a study claims.
Electric Car
Smart Thermostats and EVs Connected in US Demand Response Partnership
A new partnership in the US has concocted a DERMS-powered programme to coordinate demand response via smart thermostats and electric vehicles (EVs).
Offshore Wind Power
20th CPC National Congress | Chaozhou in China Is Planning 43.3 Gigawatt Offshore Wind Farm Before 2025
The city of Chaozhou, in China’s Guangdong province, is going to build an offshore wind farm so large that it is expected to provide more power than all of Nor…
LNG
World’s First Emissions-Reducing Integrated Hybrid Drive System for an LNG Plant
Northeast Energy Center (NEC) and Chart Energy & Chemicals selected Siemens Energy to supply a gas/electric hybrid drive system for NEC’s LNG plant being bui…
Wind Turbine
Siemens Gamesa Seals Deal to Supply Finland With 105 MW of Wind Power
Siemens Gamesa selected by Energiequelle for first wind farm together in Finland.
Solar Power Plant
Qatar’s First Large-Scale Solar Power Plant Starts Operation
The 800MWp Al Kharsaah solar power plant completes construction and has been connected to the country’s national grid, TotalEnergies says.
Wind Turbine
China’s Goldwind to Manufacture Wind Turbines in Brazil
China's Goldwind is in advanced talks to install a wind turbine factory in Brazil with deliveries expected to start in 2024, an executive said on Wednesday.
Oilfield Services Giants Are Primed to Post Very Strong Earnings
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…
20th CPC National Congress
20th CPC National Congress | Economic Watch: China’s Economy to Gain New Momentum From CPC Congress
China's economic development is expected to gain new strong impetus from the 20th National Congress of the Communist Party of China (CPC).
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