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Oil & Gas Trade

OPEC+ Responds to Oil Market Collapse with Surprise Urgency

​The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output, roughly 10% of global supplies.

Oil & Gas Trade

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…

US EIA Expects Strong Renewables Generation Growth in 2020

Notwithstanding a projected decline in total US electrical generation caused by the COVID-19 pandemic, renewable energy sources are projected to produce signifi…

Energy Storage Battery

Tesla will Launch its New Battery in China First and Partner with CATL

Tesla will launch its new million-mile battery cell in China first, and it will partner with CATL to make them.Electrek previously revealed that Tesla is workin…

Solar Power Plant

‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19

Global oil refining production could start rebounding in June, the International Energy Agency said on Thursday, but refiners’ margins may be squeezed due to r…

Nuclear Power Plant

Major Component Installed at Vogtle 3

The integrated head package (IHP) for Vogtle Unit 3 has been set into place on top of the reactor vessel, Georgia Power has announced.

Nuclear Technology

Hydrostatic Testing Completed at Leningrad II-2 Cooling Tower

Russia's Rosatom has completed hydrostatic testing of the catch basin of Leningrad II-2’s evaporative cooling tower. At 167 metres high, it is one of the talle…

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…

New Gas Master Plan to Boost Africa's First Offshore Gas Mega Hub

The offshore gas mega-hub will be the first such venture capital hub off the coast of Africa.

Nuclear Technology

DOE Launches Program to Demonstrate Advanced Nuclear Reactors Within 5 Years

Private developers of nuclear reactors in the United States are demonstrating their technology in the United States.

Oil Field

Somalia Readies for First Bid Round of Oil Fields

Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.

Hydropower Plant

Hull Street Energy Bought the Hydropower Plant

It is a joint venture between Enel Green Power North America and GE Energy Financial Services.

Solar Power Plant

CIT Leads $217 Million Financing for Hillcrest Solar Project in Ohio

CIT group's power and energy division provided $217 million in financing for the 200-megawatt Hillcrest solar photovoltaic project in brown county, Ohio.

Energy Storage Project

Kibo Energy Secures Land for Energy Storage Projects in Mozambique

Kibo Energy has successfully acquired additional land adjacent to the Benga power plant project in tete province.

Coal Company

Cash-Strapped Coal India Eyes First-Ever Bond Issue

Coal India is under severe pressure due to a rs 17,000 fee installed in unpaid accounts for its firstever power plant and a possible bond issue to raise working…