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Oil Field

Eni Through Var Energi Announces New Oil Discovery Offshore Norway

Eni through Var Energi, jointly owned by Eni and by HitecVision (30.15%) announces a new oil discovery in production licence PL532 in the Barents Sea

SINOPEC

Sinopec Accelerates Hydrogen Energy Development to Build World-leading Clean Energy Chemical Company

As a secondary source of energy, hydrogen is playing an increasingly important role on the world energy stage.

Market Analysis

Global Nuclear Power Share to Rise 15pc by 2030

The capacity of nuclear power worldwide of around 400,000 MW , meeting 10% of global electricity generation, is forecast to exceed 500,000 MW by 2030.

Nuclear Power Plant

El Dabaa NPP as Significant As Aswan High Dam, Says Russian Ambassador

The importance of Egypt's first nuclear power plant is comparable to that of the Aswan High Dam, Russia’s Ambassador to Egypt Georgy Borisenko said yesterday.

Wind Power Company

GE And Goldwind Take Global Wind Lead As Deployment Up Nearly 60% In 2020

With nearly 100GW deployed in 2020, global commissioning of new wind turbines was up 59% compared to 2019.

Floating Solar Project

13,400 Solar Panels on a Lake: RWE Constructs Its First Floating Photovoltaic Project

RWE, one of the world’s leading companies for renewable energy, is to construct its first floating photovoltaic project.

Electric Vehicle Battery

LG Energy Solutions to Invest $4.5 Billion in Electric Vehicle Battery Production in the U.S. Through 2025

LG Energy Solution said on Thursday it plans to invest more than $4.5 billion in its U.S. battery production business through 2025 and add 4,000 jobs as it cons…

Carbon Emissions

Shell's 2020 Carbon Emissions Fall on the Back of Fuel Sales Drop

Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell to 1.38 billion tonnes of carbon dioxide equivalent last ye…

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.

Thermal Coal

South Korean Coal Imports Rebound in February

South Korean thermal coal imports rose in February, supported by utility restocking and greater Australian supply.

Oil Field

Equinor Gets Go-Ahead to Drill North Sea Well Duo

Norwegian offshore safety agency, the Petroleum Safety Authority Norway (PSA), has given Equinor consent to drill two exploration wells offshore Norway, using t…

Oil & Gas Trade

Israel's Leviathan to Sell 10bn m³ of Gas in 2021

Israeli upstream firm Delek Drilling expects its 649bn m³ Leviathan field to sell around 10bn m³ of gas this year, up from the 8.9bn m³ forecast in July last…

Oil Refinery

Petron to Restart Philippine Refinery by 2H 2021

Philippine private-sector firm Petron plans to resume refining activity at its 180,000 b/d Bataan refinery by the second half this year on expectations of a sig…

Coal Trade

Vietnam's Coal Imports Fall Further in February

Vietnamese coal imports slipped for a third straight month in February from a year earlier as industrial activity slowed amid the lunar new year holiday and a r…

Electric Car

Volvo India to Exit Diesel, Plans to go Full Electric

Swedish luxury carmaker Volvo will be phasing out diesel cars from India by the end of this year and gradually move over to only electrics as the company works …