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Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Electric Car

Electric Vehicle Market: Is Lithium the New Oil?

More governments today are working towards creating new legislation and regulations for pollution and emission reduction. This has made electric and hybrid cars…

Oil Field

Bohai Sea Oilfield Output Exceeds 500 Million Tons

The Bohai Sea oilfield, China's largest crude oil base, had produced a cumulative total of oil equivalent exceeding 500 million tons as of Monday, after it has …

Hydrogen Fuel Cell

Adani, Ballard Ink MoU for Hydrogen Fuel Cells Commercialisation in India

Adani Group and Ballard Power Systems entered a non-binding memorandum of understanding (MoU) last month to evaluate the commercialisation of hydrogen fuel cell…

LNG

Dutch Limit Gas Production at Groningen Despite Energy Crisis

The Dutch state announced in 2019 that Groningen output would end by October 2022 to limit seismic risks in the region, with gas only to be extracted thereafter…

Crude Oil

Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd

Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…

Coal Production

China's Jan-Feb Coal Output Jumps 10.3% for Winter Heating

China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heatin…

LNG

China’s CNPC to Start LNG Production in Mozambique in October

China’s CNPC and its partners are set to start liquefied natural gas (LNG) production in Mozambique in October, the Mozambican government announced.

LNG

Japan Eyes LNG Investments to Cut Dependence on Russian Energy

Japan aims to reduce its dependency on Russian energy supply by taking steps.

Crude Oil

India Hopes for Oil from Iran, Venezuela; Higher Output from OPEC+ to Cool Prices

Replying to supplementaries during question hour in the Rajya Sabha, Oil Minister Hardeep Singh Puri said oil export from Venezuela and Iran had been hit due to…

Coal Company

MCL Becomes the Largest Coal Producing Company in India

On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a gro…

United Kingdom

UK Prime Minister Johnson to Visit Saudi Arabia for Oil and Gas Talks

Boris Johnson will meet Crown Prince Mohammed bin Salman on Tuesday in a bid to have oil and gas production boosted.

Solar Power Panel

Tesla is Increasing Solar Prices as Supply Chain Costs are Rising

After achieving the best prices in the solar industry, Tesla has significantly increased solar panel installation prices as supply chain costs are causing press…

Electric Car

Tesla Gets Ready to Offer New Dual Motor Model Y Variant with 4680 Cells

Electric vehicle market leader Tesla is seemingly on the verge of offering a new version of its Model Y with a range of 279-miles (449-kilometres)

Wind Farm

140MW Wind Farm Starts Feeding South Africa’s Grid

African independent power producer Red Rocket has announced commercial operations of its first wind farm in South Africa, Roggeveld, now feeding much-needed ele…