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Oil Price
Oil Slides Toward $60 Ahead of OPEC+ Meeting to Boost Global Supply
Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards.
Crude Oil
Iranian Crude Clogs Chinese Ports Despite US Sanctions
Congestion at one of China’s major refinery hubs was reportedly caused by soaring exports of crude from the Persian Gulf nation, which are expected to grow fur…
Energy Taxation
Basic Customs Duty Expected to Increase Solar bid Tariffs by up to 50 Paise per Unit: ICRA
Basic customs duty of 25 per cent and 40% on imported solar cells and modules, respectively, is likely to result in an increase in solar tariffs.
Hydrogen Storage
AES Technology Selected for Californian Green Hydrogen Energy Storage Project
Newly acquired hydrogen technology by Aberdeen International has been selected for a green hydrogen energy storage project in California, US.
Nuclear Power Plant
UAE Licenses Second Unit of Barakah Nuclear Power Plant
Barakah's Unit 1 was connected to the national power grid in August and in December reached 100% of reactor power capacity during testing
Oil & Gas Supply
COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electr…
Energy Storage Battery
Latest Aevelopment on China’s Largest Battery Energy Storage Project
Finnish energy and environmental technology company Olion has been selected by Dalian Henliu Energy Storage Power Station Company Ltd to provide heat pumps for …
Crude Oil
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Nuclear Power Plant
Pakistan’s Karachi 2 Achieves Criticality
The 1,100MWe K-2, one of two Chinese supplied Hualong One reactors at the site, is expected to begin commercial operation by the end of May.
Rooftop PV System
16 GW Worth of Solar Rooftop Capacity can be Created from MSMEs by the End of 2022
India has set a target of 175 GW of installed capacity by the end of 2022, out of which 40 GW is expected to come from solar rooftop projects.
Solar Power Plant
2 GW Solar Farm to be Constructed in Philippines
It’s expected to be done in 2024.
Carbon Emissions
API Expected To Endorse Carbon Pricing
The American Petroleum Institute is set to unveil a declaration in which it endorses carbon pricing as a means of achieving the goals of the Paris Agreement on …
Solar Cell
First Solar PV Modules Selected by Intersect Power
Modules supplied under the seven purchase orders will be deployed to seven projects developed by Intersect Power, with deliveries scheduled for 2022 and 2023.
Electric Car
Hyundai’s Ioniq 5 to Bring New Innovations to Electric Vehicle Driving
The Hyundai Ioniq 5, the company’s first model in its new battery electric vehicle lineup, is set to become available in selected regions by mid-2021.
Energy Storage Battery
Total Selects AutoGrid to Optimise France’s Largest Battery Storage Project
Global energy company Total has selected technology firm AutoGrid to optimise its battery energy storage plant in France.
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