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Energy Storage Battery
SK Innovation to Additionally Invest US$727 Mil. to Build 2nd EV Battery Plant in U.S.
SK Innovation has decided to invest US$727 million to build a second electric vehicle (EV) battery plant in Georgia, the United States.
Coal Production
Coal Generation in Australia's NEM Fell by 1.11GW in Q1
A surge in power outages in February and March in New South Wales drove the decline.
Crude Oil
Russian Oil Production Set For First Annual Drop Since 2008
Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news a…
Hydrogen Fuel Cell
Arcola and Optare Launch New Hydrogen Fuel Cell Bus for the UK and Beyond
Arcola Energy and bus manufacturer Optare Group have today launched a hydrogen fuel cell double deck bus product for the UK and international markets.
Oil & Gas Trade
Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19
Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…
Market Analysis
China to Cut New Energy Vehicle Subsidies by 10% This Year
China will cut subsidies on new energy vehicles (NEV) such as electric cars by 10% this year, the finance ministry said on Thursday, following a decision last m…
MHPS Changing Name To Mitsubishi Power
Mitsubishi Hitachi Power Systems (MHPS) announced that it is changing the corporate name to Mitsubishi Power.
Gas Turbine
Côte d’Ivoire’s Azito Power Plant Expansion Attracts MIGA Guarantees
Building on nearly two decades of World Bank Group support for Côte d’Ivoire’s energy sector, MIGA has issued guarantees for the Phase 4 expansion of the A…
Oil&Gas Drilling
Putin: OPEC+ Deal Should be Complied with by all Participants
The deal stipulates the oil production cut by 9.7 mln barrels per day in total in May-June 2020, by 7.7 mln barrels per day in July-December 2020 within the all…
Crude Oil
U.S. Crude Oil Production Decreases Last Week: EIA
U.S. crude oil production decreased during the week ending April 17, the U.S. Energy Information Administration (EIA) said Wednesday.
Thermal Coal
Sweden Exits Coal Two Years Early
The Nordic nation is now the third European country to have waved goodbye to coal for power generation. Another 11 European states have made plans to follow sui…
Coal-Fired Power Plants
Eskom Launches Tender to ‘Repurpose’ Coal Plants with Low-Carbon Growth Tech
The debt-saddled South African utility has issued an expression of interest to seek proposals on how to refurbish three fossil fuel power plants to be decommiss…
No Green New Deal for Australia as Coalition Tightens Embrace of Fossil Fuels
The full economic impact of the Covid-19 is still yet unknown, but it is clear that world’s governments face a choice in their response: Do they look to protec…
Combined cycle power plant
GE Completes Major Inspection On SGT-800 To Modernize Power Plant
GE said its major inspection of the Siemens’s 60 MW SGT-800 gas turbine installed at the Ufa TPP-2 combined-cycle power plant was completed on time and success…
Oil & Gas Trade
Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …
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