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Market Analysis

UAE Unveils $1.7bn Sustainability Initiatives for Dubai

United Arab Emirates unveiled its new environmental and sustainability initiatives worth AED6.6bn in Dubai.

Hydrogen Technology

Doosan Mobility Innovation’s Hydrogen Tank Gets DoT Stamp of Approval

Doosan Mobility Innovation has become one of the first companies to receive approval from the United States Department of Transportation for its hydrogen cylind…

Ireland

Logan Energy Receives First Tube Trailers for Green Hydrogen Project

A Northern Ireland project aiming to technically and financially validate the renewable hydrogen value chain is underway.

Crude Oil

China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub

China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive…

Coal Mine

ANZ Bank to Stop Funding Coal Mines & Power Plants

ANZ Bank has unveiled plans to adopt a net zero emissions test for loans, and to set a 2030 exit date for all direct investment in thermal coal mines and power …

Wind Power in China

Phase 2 of China’s First Foreign-Backed Offshore Wind Farm Enters Construction

EDF Group and China Energy Investment Corporation have kicked off the construction of the 200 MW Dongtai V offshore wind project in China.

Electric Vehicle Battery

Tesla’s German Gigafactory Could Be Ready To Deliver Ahead Of Schedule

European reservation holders of Tesla’s Model Y could begin to receive their vehicles manufactured at Tesla’s Gigafactory in Berlin earlier than expected, cit…

Oil Price

Oil Plunges To $35 As Lockdowns Return

Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to $35 a barrel.

Russian Federation

Rosatom State Corporation Engineering Division

The Belarus Nuclear Power Plant has received permit to perform works on the stage-wise program for the power start-up of Unit 1.

LNG

LNG Tanker Rates Soar Ahead of Expected Cold Asian Winter

Shipping rates for LNG tankers have soared to their highest in a year ahead as demand for cargoes rose on expectations of a colder than expected winter in North…

Energy Storage Battery

Terna Hires Tesla, Schneider Electric for Its Green Energy Island Project

Tesla is supplying batteries for a 1 MW hybrid energy system that Terna Energy won at a tender financed by European funds.

Rooftop PV System

SolarEdge and Schneider Electric Partner for Home Energy Management Solution

Inverter and smart energy equipment manufacturer SolarEdge has joined forces with Schneider Electric to develop a solution the companies say will allow homeowne…

Schneider Electric ups 2020 Revenue Forecast as Q3 Returns to Growth

French electrical equipment group Schneider Electric SE raised its 2020 revenue and margin forecasts on Thursday, citing a better-than-expected third quarter he…

Oil & Gas Trade

US Crude Stocks Dip, Gasoline Inventories up: EIA

US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.

Hardy Takes Reins as Orsted US Offshore Chief

Outgoing Thomas Brostrom will relocate to Europe for a renewables role at an unnamed global energy company