Ei

Norway Takes $41 Billion From Oil Fund To Bolster Economy

Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…

Oil Price

Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts

Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reduction…

Coal Trade

Australia Eases Access to Seaborne Coal Markets

Coal ports in Queensland, Australia, are easing restrictions on covid-19 for foreign crew members.

Wind Power Project

Inox Wind Begins Execution of 1st Phase of Wind Power Projects in Gujarat

Wind energy solutions provider Inox Wind on Monday said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the rece…

Solar Power Panel

Research Team Finds Way to Make Solar Panels “Sweat” to Deliver More Power

Researchers have figured out a way to make solar panels “sweat,” allowing them to cool themselves down in the heat and thus boost their generation output by u…

Wind Power Company

Siemens Unveils Plan to Merger Wind Operations with Flender

Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines.

Crude Oil

UAE Making Even Bigger Cuts To Oil Production Next Month

The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced th…

Wind Energy Technology

Siemens Intends to Spin off Wind Technology Ops

Siemens AG on Friday unveiled a plan to merge its Wind Energy Generation unit into its technology and mechanical drive business and then spin-off and publicly …

European Commission unveils a New Renewables Projects Funding Scheme

The European Commission has launched a public consultation on draft rules to create a new EU financing mechanism to support renewable energy projects.

EU Energy Ministers must Phase Out Fossil Gas and Improve Their 2030 Plans

EU energy ministers have discussed sector integration as well as the state of play of the National Energy and Climate Plans (NECPs).

Energy Storage Project

EU Greenlights EUR 3.2 Billion Battery Research Project

The European Commission approved Monday under EU state aid rules a 'Common European interest' project jointly notified by seven EU Member States to support rese…

Biomass Power Plant

Valmet to Convert Coal-Fired Facility to Biomass in Poland

Valmet has received an order from Zespół Elektrowni Pątnów-Adamów-Konin SA (ZE PAK) to convert a lignite-fired boiler into a biomass-fired boiler at its po…

Energy Transition

EU Bank Ends Fossil Fuel Lending in World-First for Climate

The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.

Oil Price

Oil Glut Drives Oil Prices Lower

Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …

Ibri Ii 500mw Solar Pv Independent Power Plant Project

DESCRIPTIONThe Ibri II Solar PV Independent Power Plant Project (the Project) is a 500 mega-watt greenfield solar photovoltaics power plant in Ibri, Oman which …