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Crude Oil

UAE Projects a Gradual Oil Demand Recovery in 2021

The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate.

Hydrogen Fuel Cell

Nikola Unveils Cheap Hydrogen Production Plan Using Arizona Power

The struggling electric truck start-up has proposed a deal with a utility in the state.

Brexit

Brexit Process Finally Ends in Deal

The United Kingdom and the European Union have agreed a narrow post-Brexit trade deal that will shape their economic relationship for years to come.

Oil Price

Oil Moves Higher on Brexit Deal, U.S. Inventory Draw

Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory sparked…

Crude Oil

Rystad Expects 2021 to Bring Largest Crude Deficits in Years

The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…

Personnel Appointment

Ramaphosa Appoints Climate Change Coordinating Commission

President Cyril Ramaphosa has appointed members of the inaugural Presidential Climate Change Coordinating Commission with effect from 17 December 2020.

Paris Climate Agreement

India Only Major Country set to Achieve Targets of Paris Agreement: PM Modi

PM Modi attended the centenary celebrations of Visva-Bharati University in Shantiniketan, West Bengal, via video conferencing today.

Gas turbine engine

Mitsubishi Power Wins Gas Turbine Supply Contract from Capital Power

Mitsubishi Power has won a contract from North American power producer Capital Power for the supply of two M501JAC gas turbines.

CNOOC

China's Offshore Oil and Gas Production Hits Record High

The reporter learned from China National Offshore Oil Corporation on the 23rd that China's offshore oil and gas production will exceed 65 million tons of oil an…

RCEP

What is the RCEP?

The signing of the world’s largest free trade deal has given China significant influence in Asia Pacific, which could shape the region’s economic and politica…

Energy Subsidies

US Congress Passes Five-Year Offshore Wind Tax Credit

The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit for offshore wind facilities at 30% through…

Hydrogen Project

Work to develop green hydrogen project in Duqm begins

OQ and DEME Concessions announced the start of a joint project to develop a world-leading green hydrogen plant in the Special Economic Zone at Duqm under the Pu…

Hydrogen Project

Castleton Commodities Backing Green Hydrogen Project in Europe

Castleton Commodities International LLC, an energy commodities firm, has announced that it is backing the first green hydrogen project in Europe co-located at a…

Hydrogen Technology

Hydrogen Production with Artificial Photosynthesis and Polymers

Hydrogen is considered to be one of the alternative energy sources of the future.

Nuclear Power Plant

Belarus Unit Starts Pilot Operation

Unit 1 of the first nuclear power plant to be built in Belarus started pilot operation yesterday, Russia's Rosatom has announced.