Itm

China

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.

Azerbaijan Stuck to Opec+ Quota in July

Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…

Energy Technology

Canada Makes Huge Hydrogen Commitment

The Canadian Gas Association has said that Canada’s natural gas delivery industry is prepared to play a leadership role in the integration of hydrogen into Can…

G20 Governments Firmly Behind Fossil Fuels with $151 Billion in COVID-19 Recovery Policies

A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies.

Nuclear Power Plant

UAE Crown Prince Inspects Progress at the Country's First Nuclear Power Project

Sheikh Mohamed, who is also deputy supreme commander of the armed forces, praised the commitment of the team at the facility.

LNG

Consortium Commits $15bn Toward LNG Project in Mozambique

A mozambican LNG project is expected to sign an agreement in June 2020 with financing commitments of $15 billion.

Energy Storage Project

UK and Mainland Europe Battery Gigafactory Plans Boosted

The European Union's European Investment Bank has affirmed its commitment to supporting a “pan-European battery industry”, while plans of the UK's first full …

Energy Storage Battery

EIB Reaffirms Commitment to European Battery Industry and Energy Transition

At a meeting of the European Battery Alliance on Tuesday 19 May, European Investment Bank Vice-President Andrew McDowell, confirmed the Bank's commitment to sup…

French Nuclear Energy Society : Nuclear Essential to Economic Recovery

Making a commitment to build six new EPRs in France would be an "effective stimulus" for the country's economy as it recovers in the years ahead from the shock …

Solar Power Plant

Financing Arranged for 200MW Ohio Solar Facility

Innergex Renewable Energy has announced the closing of a construction-financing, tax-equity commitment for a 200MW solar facility in southern Ohio.

EV Technology

BMW Re-Ups Electric-Vehicle Commitment—and Hydrogen Fuel-Cell Investment

BMW remains committed to both electric cars and hydrogen fuel-cell vehicles. The German automaker will continue a planned rollout of battery-electric models, as…

Market Analysis

Universal Community Solar Revolution Brewing Under COVID-19 Crisis

The US Department of Energy is doubling down on a commitment to ensure that every household and business in the US has access to renewable energy by 2025.

Crude Oil

Azerbaijan Imposes Oil Cuts on BP-Led Fields

Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…

Energy Storage Battery

Clean Power Alliance Signs Large-Scale 100MW Battery Energy Storage Agreement

Demonstrating its commitment to invest in local clean energy during a time of economic uncertainty, Clean Power Alliance (CPA) has inked its first Energy Storag…

Market Analysis

Report Probes Risks of Controversial South Africa Hydropower Project

Controversy continues to shadow the development of the Grand Inga III project, with the latest arising from a report titled ‘I Need You, I Don’t Need You: Sou…