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Market Analysis
Worldwide Lockdowns to Reduce Nuclear Power Output by 3 Per Cent in 2020
Global nuclear power generation will decline by 3 per cent from 2019 levels in 2020 due to the lockdowns imposed in the wake of the Covid-19 spread, according…
Oil Price
Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…
Crude Oil
Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts
Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…
Coal Mine
Coal India April Shipments Fall 25.5% as Lockdown Erodes Demand
Coal India Ltd.’s shipments in April slumped 25.5% from a year earlier after more than a month-long nationwide lockdown halted economic activity, eroding dem…
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Combined Heat and Power
Plans Unveiled for Major CHP Heat Network in London
What will be one of the largest heat networks in the UK is being developed by Vattenfall and resource management and recycling firm Cory Riverside Energy.
Wind Turbine
East Anglia ONE Offshore Windfarm Completes Turbine Installation
ScottishPower Renewables and Macquarie’s Green Investment Group (GIG) have successfully installed every single turbine on the East Anglia ONE offshore windfa…
Energy Storage Project
Wärtsilä to Deliver 70 MW Energy Storage System in California
Technology group Wärtsilä is finalising a 70 MW energy storage and energy management system project in the California Independent System Operator (CAISO) en…
Market Analysis
Siemens Gamesa Acquires Senvion’s Ria Blades Factory in Portugal
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has acquired all the shares in Senvion’s Ria Blades factory.
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.
Oil Price
OPEC+ Oil Production Hits 13-Month High As Output Cuts Start
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.
Market Analysis
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The International Energy Agency (IEA) has released a report into the impacts of Covid-19 on global energy demand and carbon dioxide emissions, revealing that …
Solar Power Plant
Invenergy Georgia Solar Energy Centre Begins Commercial Operations
Global sustainable energy solutions developer Invenergy has announced the start of commercial operations of its 160MW Southern Oak solar energy centre.
Wind Farm
Ørsted’s Borssele Offshore Wind Farm Delivers First Power
Danish renewable energy company Ørsted has announced that its 752MW offshore wind farm Borssele 1 and 2 generated the first clean power to the Dutch grid.
Electric Vehicle Charging
Hitachi and Gridserve Partner on Multi-Million-Pound Renewable Deal
Hitachi Capital UK and UK renewable energy company Gridserve Sustainable Energy have signed a partnership agreement to develop solar farms and solar-powered ele…
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