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Energy Investment

China’s Clean Energy Plan Could Cost It $5 Trillion

China’s plan to reach carbon neutrality by 2060 could end up costing it $5 trillion.

Electric Vehicle Battery

Demand For Electric Vehicles Drives Sales For Lithium-Ion Batteries, Says IDTechEx

Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China and South Korea playing a significant role

Oil&Gas Drilling

Noble Corporation Scores Rig Extension Deal with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.

Wind Power Project

SA’s Perdekraal East Wind Farm Celebrates Commercial Operations

The 110MW Perdekraal East Wind Farm, outside of the Western Cape province in South Africa, commenced commercial operations on 8 October 2020.

Russian Federation

Rosatom Has Joined UN Global Compact

Rosatom has joined the United Nations Global Compact. It is the largest corporate social responsibility and sustainable development initiative for businesses ac…

Market Analysis

China Rises As Global Leader in Solar PV Installations: GlobalData

The COVID-19 crisis has impacted the renewable energy supply chain.

Nuclear Power Plant

NPCIL Inspects Atomic Power Component Maker Facility in Russia

The JSC VNIIEM is making the RCPS EE for the third 1,000 MW nuclear power plant that is coming up in Kudankulam in Tamil Nadu

LNG

Pakistan LNG Signs Initial Deal to Sell LNG to Karachi Electric

PLL will supply up to 150 million cubic feet per day of gas to Karachi Electric's 900-megawatt project which will have two units.

Energy Investment

Eurpoean Bank Supports Upgrade of Electricity Network in Hungary

The European Investment Bank has announced support for the upgrade and expansion of the electrical power network in south-eastern Hungary.

Power Construction

Ireland Needs “Large-Scale” Grid Investment for Net-Zero

The Irish Academy of Engineering has released a report warning of the “exceptionally large investment” needed to balance electricity transmission on the islan…

Energy Storage Project

California Energy Commission Picks Vanadium Instead of Lithium Batteries for Major Storage Project

The California Energy Commission has recently selected four energy storage projects incorporating vanadium flow batteries from UK-based operator Invinity Energy…

Crude Oil

Peru Crude Production at Historic Low in Sept

Peru's crude production fell to a historic low of 29,165 b/d in September, less than half the level of 12 months earlier, according to data from hydrocarbons re…

India

India Clears Plan for Domestic Gas Price Discovery

The Indian cabinet has approved a policy aimed at creating price discovery for domestic natural gas output, part of a series of reforms by Delhi to push the cou…

Crude Oil

Opec Sees Oil Demand Peak Around 2040

World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.

Vietnam

Vietnam Gets Bids for Dung Quat Refinery Expansion

Vietnam's Binh Son Refinery has received bids for a $1.8bn upgrade and expansion project that will increase capacity at its 145,000 b/d Dung Quat refinery by ar…