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Crude Oil
Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant
The group maintained its oil demand forecast for next year at 4.2 million barrels per day
Crude Oil
Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August
Lingering concerns as to whether the Omicron variant may push border movement restrictions during the festive season
Coal-Fired Power Plants
US Government to End Financial Aid for Overseas Coal Projects
The government said it will not support coal power plants unless carbon capture technologies are implemented.
Offshore Wind Power
Vattenfall Wind Farm Awarded Planning Consent
The UK Government has awarded planning consent for Vattenfall’s Norfolk Boreas Offshore Wind Farm.
Wind Farm
Neoen Sells Two French Wind Farm Projects
Neoen has signed an agreement to sell a 95% stake in the Le Berger and Les Beaux Monts wind farms in France.
Energy Investment
O&M Tenders Issued for Two Solar Projects in Karnataka
The last date to submit the bids for both the tenders is December 24, 2021
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Oil & Gas Supply
Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021
2022 oil output forecast at 1.055 mil b/d vs 960,000 b/d in 2021
Crude Oil
Tarim Oilfield Produces Over 30-mln-tonne Oil, Gas Equivalent
The Tarim Oilfield of China National Petroleum Corporation, China's leading oil and gas producer, produced more than 30 million tonnes of oil and gas equivalent…
Electricity Trade
Iran Ready to Exchange Electricity with Neighboring Countries
Iran can exchange electricity with Armenia, Afghanistan, Turkmenistan, Iraq, Azerbaijan, and Turkey, said Iranian Energy Minister Ali Akbar Mehrabiyan, IRNA rep…
Power Construction
Southern Xinjiang Improves Power Supply Capacity
A batch of power projects have been completed and put into operation this year in the southern areas of northwest China's Xinjiang Uygur Autonomous Region, impr…
PowerGrid Technology
Xizang’s First Power Grid Celebrates 10-Year Anniversary, Creates 1.457b Yuan of Benefit to Local Economy
December 9 was the 10th anniversary of the power grid.
Carbon Neutral
Moon Encourages Private Firms to Go Carbon Neutral
President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their e…
Solar Company
China’s Solar Giants Make a Bid to Dominate Hydrogen Power
Firms accelerate electrolyzer production, seek to slash prices
Hydrogen Project
POSCO International Acquires Senex Energy to Expand Hydrogen Biz
POSCO International is pursuing global mergers and acquisitions in preparation for the energy transition era.

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Opec Maintains 2022 Demand Outlook and Expects Mild Impact from Omicron Variant

Oil Prices Steady and on Course for Biggest Weekly Gain Since Late August

US Government to End Financial Aid for Overseas Coal Projects

Vattenfall Wind Farm Awarded Planning Consent

Neoen Sells Two French Wind Farm Projects

O&M Tenders Issued for Two Solar Projects in Karnataka

U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17

Oman Bases 2022 Budget on Oil Price of $50/b, up from $45/b in 2021

Tarim Oilfield Produces Over 30-mln-tonne Oil, Gas Equivalent

Iran Ready to Exchange Electricity with Neighboring Countries

Southern Xinjiang Improves Power Supply Capacity

Xizang’s First Power Grid Celebrates 10-Year Anniversary, Creates 1.457b Yuan of Benefit to Local Economy

Moon Encourages Private Firms to Go Carbon Neutral

China’s Solar Giants Make a Bid to Dominate Hydrogen Power

POSCO International Acquires Senex Energy to Expand Hydrogen Biz