Energy economy

Market Analysis

Q3 2019 Energy Markets Analysis for UK and EU

Energy market analysts, EnAppSys, have released Q3 2019 market summaries for both the European and UK markets. Take a look at the noteworthy trends summarized b…

Digital Energy Transformation

$100 Billion Can Be Saved By The Automation And Digitalisation Initiatives in Oil Industry

Automation and digitalisation initiatives could help the global upstream oil industry save a whopping $100 billion of their budget in the 2020s, according to a …

OPEC, GECF Sign Research Agreement to Strengthen Cooperation

The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) has signed a memorandum of understanding (MoU) to stre…

Taiwan's Non-Hydro Renewables Capacity Could Hit 21.3GW by 2028

Renewables are expected to take up 26% of the energy mix by 2030.The capacity of non-hydropower renewables in Taiwan is expected to rise about 18.2% every year …

Evolution Or Revolution? BP's Incoming CEO Tasked With Navigating Energy Transition

BP upstream chief executive Bernard Looney will take the reins from CEO Bob Dudley early next year, with investors eager to understand what this means for the F…

China’s Renewable Boom Hits The Wall

When earlier this year China announced subsidies for 22.79 GW of new solar power capacity, those following the country’s renewable energy story must have start…

Fed Survey Data Shows Energy Sector in Decline

The second half of 2019 is proving to be tough for the energy sector, according to the quarterly Federal Reserve Bank of Dallas Energy Survey.

Pakistan's Current Energy Mix And its Plans for A Renewable Energy Future

According to US government statistics, Pakistan’s energy mix is formed of 64% fossil fuels, 27% hydropower and 9% other renewables and nuclear power.

Japanese Shares Slump on Governance Worries, JDI Tumbles as Bailout Falters

Kansai Electric’s President Shigeki Iwane told reporters on Friday that he and some other executives had received 320 million yen payments from a person outsid…

BP to Sell 1.58 Million Tonnes of LNG to KOGAS for 15 Years From 2025

BP has agreed a deal to sell 1.58 million tonnes of liquid natural gas (LNG) per year from the US to the Korea Gas Corporation (KOGAS) for 15 years from 2025, i…

China’S Belt And Road Initiative And Its Impact On The Middle East And North Africa

Attitudes towards the Chinese Belt and Road Initiative (BRI) have changed since the programme was first announced in 2013.

Senvion to Sell Its European Services And Onshore Assets to Siemens Gamesa

German renewable energy company Senvion has announced that it has entered into a non-binding exclusivity agreement with Siemens Gamesa Renewable Energy (SGRE) t…

Siemens Has Spinned Off Its Gas And Power Business To Finish Listing Energy Unit in Next Year

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May …

Energy Storage Project

Global Energy Storage Projects Are on The Rise

A recent research study has identified 2,092 energy storage projects globally. As global electricity grids embrace the new energy economy, energy storage is bec…

Global Investment in Renewable Energy from 2010-2019 to Hit $2.6tn

Renewable energy made up 12.9% of the global share of electricity generation in 2018, an increase from 11.6% in 2017. Global investment in renewable energy capa…