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Market Analysis

Global Power Industry Contracts In Q3 2020: Hydro Technology Down 4%

In fourth place was Middle East and Africa with six contracts and an 11.3% share and in fifth place was North America with two contracts and a 3.8% share.

Coal Trade

India's Coal Import Drops 19% to 117 Million Tonnes During April-October This Fiscal

India's coal import saw a drop of 18.6% to 116.81 MT during April-October this fiscal as against the same period a year ago.

Carbon Emissions

UK Sets New 68pc 2030 GHG Cut Target

The UK has announced plans to up its target for reducing greenhouse gas emissions by 2030, ahead of hosting a global summit on increased climate ambition next w…

Coal Mine

Glencore to Close Four Australian Coal Mines

Switzerland-based trading and mining firm Glencore plans to close three Australian coal mines in New South Wales and one in Queensland state by 2023.

Hydrogen Fuel Cell

Logan Energy Delivers First Cost-Cutting Hydrogen Station in Europe

Logan Energy today said it has delivered the first hydrogen station in Europe to adopt an industry-leading fuelling method.

Transformer

Guangzhou Siemens to Provide 18 Transformers for Wudongde Power Station

Guangzhou Siemens Transformer Co., Ltd. has manufactured 18 flexible-to-direct converter transformers for the Wudongde Power Station in China.

Energy Saving Products

Graphene Flagship Works Towards European Sustainability Goals

The Graphene Flagship, one of the European Commission’s biggest research projects, is working to bring graphene out of labs and into society.

Solar Power Plant

Germany Hits 2 Million PV System Installations

By the end of October, about 2 million PV systems were operational throughout Germany, according to the German Solar Industry Association.

Crude Oil

Fitch Sees Brent At $45 Next Year

Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…

OPEC

Kazakhstan Supports Consensus in OPEC+ Agreement

The OPEC + countries decided to increase the supply of oil in January 2021 following a ministerial meeting of the organisation, which was held via videoconferen…

Oil&Gas Drilling

Denmark to End Oil and Gas Era in 2050

The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of…

LNG

Asian LNG Prices Rise to Nearly Two-Year High on Winter Demand

Asian spot prices for liquefied natural gas rose to a nearly two-year high this week as demand continued to be firm for heating during winter and as buyers face…

Nuclear Reactor

X-Energy Is Rethinking Reactors and Doing More With Nuclear

Innovation will be vital to reducing carbon emissions and solving our climate crisis.

Oil & Gas Trade

Japan's Inpex Signs Gas Sales Agreement with Indonesia Gas Utility

A memorandum of understanding was signed between Inpex Masela Ltd and PT Perusahaan Gas Negara.

Carbon Neutral

Siemens Energy and Porsche, with Partners, Advance Climate-Neutral e-Fuel Development

The "Haru Oni" pilot project in Magallanes Province takes advantage of the excellent wind conditions in southern Chile to produce climate-neutral fuel with the …