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Crude Oil

OPEC+ Undershoots Oil Production Target Again

The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…

Energy Saving

Poland to Improve Consumer Energy Efficiency with €100m Loan

The European Bank for Reconstruction and Development and Polish financial institution BNP have reached an agreement on a €100 million loan that will be used to…

Wind Power Project

German Gearbox Crew Passes 200GW Milestone

Flender says its Winergy product brand has around a 30% market share of installed wind energy hardware

Solar Power Plant

Statkraft Signs Spanish PPA with Foresight Solar

Norwegians to take power from PV projects in Andalusia for ten years

Solar Power Plant

Keppel Team to Take Control of Southeast Asian Solar Platform of Shell

A group led by Singapore’s Keppel Corp Ltd has agreed to buy a 51% stake in commercial and industrial solar energy platform Cleantech Renewable Assets Pte Ltd …

OPEC

Opec Revises Higher Call on Its Own Crude in 2021-22

Opec has revised higher the 2021 and 2022 forecast call on its own members crude as it increased oil demand expectations for both years, saying it expects the C…

Carbon Emissions

Australia-South Korea in Low Emission Energy Pact

Australia and South Korea will work together on developing low emissions energy technology and have also signed a pact on critical minerals used to produce low …

Oil Exploration

QatarEnergy Enters Egypt Through Agreement with Shell

QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.

Crude Oil

Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant

The group maintained its oil demand forecast for next year at 4.2 million barrels per day

Crude Oil

Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August

Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season

Coal-Fired Power Plants

US Government to End Financial Aid for Overseas Coal Projects

The government said it will not support coal power plants unless carbon capture technologies are implemented.

Offshore Wind Power

Vattenfall Wind Farm Awarded Planning Consent

The UK Government has awarded planning consent for Vattenfall’s Norfolk Boreas Offshore Wind Farm.

Wind Farm

Neoen Sells Two French Wind Farm Projects

Neoen has signed an agreement to sell a 95% stake in the Le Berger and Les Beaux Monts wind farms in France.

Crude Oil

Tarim Oilfield Produces Over 30-mln-tonne Oil, Gas Equivalent

The Tarim Oilfield of China National Petroleum Corporation, China's leading oil and gas producer, produced more than 30 million tonnes of oil and gas equivalent…

Electricity Trade

Iran Ready to Exchange Electricity with Neighboring Countries

Iran can exchange electricity with Armenia, Afghanistan, Turkmenistan, Iraq, Azerbaijan, and Turkey, said Iranian Energy Minister Ali Akbar Mehrabiyan, IRNA rep…