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Oil Price
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Offshore Wind Power
Germany Seeks 5-Fold Increase in Offshore Wind Power by 2040
The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.
Toyota to Launch Hydrogen Fuel Cell Venture with Chinese Auto Firms
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
Coal Production
Coal India Output Falls 11 pc to 41 MT in May
State-owned Coal India Ltd reported 11.2 per cent decline in production at 41.43 million tonne in May.
Energy Technology
Clean Tech Could Cut Fossil Fuel Profits by Two-Third: Carbon Tracker
A new international report on Thursday showed how falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly…
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Energy Investment
America's DFC to Invest $350 Million in India
The US International Development Finance Corporation is looking to invest $350 million in multiple projects in India to support the country's financial services…
Nuclear Power Plant
Ontario Completes First Darlington Refurbishment
Unit 2 of Ontario Power Generation's Darlington nuclear power plant has been reconnected to the grid at 100% full power, marking the official completion of the …
Italy’s Cabinet Contests Regional Law on Hydro Licences
The Italian government has challenged Lombardy's regional regulation on hydro concessions.
Energy Transition
Eni Restructures Company to Lead Energy Transition
Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,”
Offshore Wind Power
Iberdrola, Enea Eye 3.3 GW Polish Offshore Wind Tie-Up
Spanish power utility Iberdrola SA (BME:IBE) and Polish sector player Enea SA (WSE:ENA) have signed a letter of intent (LOI) to jointly develop up to 3.3 GW of …
Clean emission
Shell Selects Bureau Veritas to Reduce Emissions from Global Operations
Global energy company Shell has signed a deal with technology and certification services firm Bureau Veritas for the provision of solutions to help the company …
Coal Production
Explosion Disrupts Coal Mining at India's SCCL
Coal production at a key mine operated by India's state-owned coal producer Singareni Collieries has been impacted in the last two days following an explosion.
Electric Car
German Government Raises Subsidy Levels for EVs
The German government will raise the level of subsidies for purchases of electric vehicles (EVs) and increase taxes for cars with higher CO2 emissions.
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