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Brexit

Brexit Process Finally Ends in Deal

The United Kingdom and the European Union have agreed a narrow post-Brexit trade deal that will shape their economic relationship for years to come.

Oil Price

Oil Moves Higher on Brexit Deal, U.S. Inventory Draw

Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory sparked…

Crude Oil

Rystad Expects 2021 to Bring Largest Crude Deficits in Years

The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…

CNOOC

China's Offshore Oil and Gas Production Hits Record High

The reporter learned from China National Offshore Oil Corporation on the 23rd that China's offshore oil and gas production will exceed 65 million tons of oil an…

RCEP

What is the RCEP?

The signing of the world’s largest free trade deal has given China significant influence in Asia Pacific, which could shape the region’s economic and politica…

Energy Subsidies

US Congress Passes Five-Year Offshore Wind Tax Credit

The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit for offshore wind facilities at 30% through…

Oil&Gas Drilling

Equatorial Guinea Makes Advances on 100-Day Mining and Petroleum Milestones

The Ministry of Mines and Hydrocarbons shows progress in gas development and mining exploration. Published by Africa Oil & Power for the MMH.

Hydrogen Project

Work to develop green hydrogen project in Duqm begins

OQ and DEME Concessions announced the start of a joint project to develop a world-leading green hydrogen plant in the Special Economic Zone at Duqm under the Pu…

Hydrogen Fuel Cell Vehicle

South Korea to Work on Hydrogen Ships

The Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy released a green ship development plan on Dec. 23.

Nuclear Power Plant

Belarus Unit Starts Pilot Operation

Unit 1 of the first nuclear power plant to be built in Belarus started pilot operation yesterday, Russia's Rosatom has announced.

Substation

Plans to Commission Belarus' First 330kV Digital Power Substation in 2021

The country's first 330kV digital power substation will be commissioned after reconstruction in 2021, BelTA learned from Belarusian Energy Minister Viktor Karan…

Crude Oil

Russia’s Crude Oil Exports Drop 10% In January-October

Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russi…

Energy Storage Project

Hannon Armstrong Invests in 1.6-GW Wind-Solar-Storage Portfolio

Hannon Armstrong Sustainable Infrastructure Capital Inc has committed to invest about USD 663 million in a large renewable energy portfolio developed by Clearwa…

Solar Power Plant

Uzbekistan Reveals Second Solar Project for Sherabad

Tender for the power station to be issued next year.

WorldEnergy Wishes You A Happy Holiday Season!

WorldEnergy wish you a merry Christmas, may you harvest love and happiness!