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Market Analysis
Rising Global Coal Demand by 2050 Unavoidable, DOE Official Says
The United States and other countries need to take massive action to capture and store carbon dioxide from coal-fired power plants.
Wind Power Project
Vestas Bags 79 MW of Turbine Orders in UK, China
Danish turbine maker Vestas Wind Systems A/S on Friday said it has booked separate orders to equip two wind farm projects totalling 79 MW in the UK and in China…
Oil & Gas Trade
Oil Surges 5% Falling Crude Output
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains.
Wave Energy
Ocean Energy – the Next European Industry
2.2GW of tidal stream and 423MW of wave energy could be deployed in Europe by 20301 and the industry forecasts it could install 100 GW in European waters by 205…
Solar Power Plant
Bravida Buys Stake in Finnish Energy Company Savon Aurinkoenergia
Sweden-based company Bravida has acquired a stake in Finnish solar energy company Savon Aurinkoenergia.
UK Ofgem And National Grid Agree GBP60 Million Savings For Hinkley
National Grid PLC has agreed to reduce the cost of connecting the new Hinkley Point C K energy regulator said Friday, saving consumers "money on their billsnucl…
Tidal Energy
Verdant Power Moves Forward with RITE Project Turbines
Verdant Power has made significant progress in manufacturing the Gen5 Free Flow System turbines.
Oil & Gas Trade
Russia’s Oil Giant Rosneft Quits All Venezuelan Operations
Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oil…
Solar Power Plant
Trump Admin Slaps Solar, Wind Operators with Retroactive Rent bills
The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills.
Oil Shale
Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy
Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday.
Tidal Energy
80% of UK Public Backs Wave and Tidal Energy
New figures released by the UK government show wave and tidal energy has the backing of 80 per cent of the public.
Crude Oil
China Crude Oil Runs Rebound in April as Fuel Demand Picks Up
The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…
Crude Oil
Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis
Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…
Oil Price
Oil Price War Puts Entire Kingdom Of Saudi Arabia At Risk
At no time since Ibn Saud first consolidated his Arabian conquests into the Kingdom of Saudi Arabia in 1932 has the ruling Saud dynasty faced such an existentia…
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 …
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