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Oil Price

Oil Prices Will Hit $50 Before The End Of The Year

Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.

Wave Energy

Work Restarts on Mocean Wave Device

Scottish fabricator AJS Production has returned to work to complete a 30-tonne wave power device for Mocean Energy.

Energy Storage Project

Gore Street Acquires 50MW Scottish Storage Project

Energy storage investment fund Gore Street has reached a deal to acquire 100% of the 50MW Ferrymuir project in Fife, Scotland.

Oil&Gas Drilling

Sonatrach Prepares to Resume Exploration in Libya

Algerian and Libyan oil sector officials are currently holding talks to relaunch exploration by Sonatrach on Libyan soil.

Coal-Fired Power Plants

China Mulls 1,100GW Coal Power Cap by End-2020

The country aims for peak CO2 reduction by around 2030 latest.

Hydropower Plant

ANDRITZ Bags Over Euro 50 Million Equipment Contract for J&K Hydro Power Project

To provide complete electromechanical equipment for the Kilu River hydropower station in Jammu and Kashmir.

Coal Production

CIL to Engage MDOs to Boost Coal Output

Coal India Limited will engage mine developer cum operators to increase its coal output and reduce import dependency of the dry fuel in the coming years.

LNG

China's CNOOC Buys two Carbon-Neutral LNG Cargoes from Shell

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions.

Microgrid

Rolls-Royce Expands Berlin Start-up Into Microgrid Centre

Rolls-Royce has expanded energy storage acquisition Qinous into a microgrid competence centre.

Gas power plant

Afghanistan Receives $10m ADB Loan to Ensure Energy Security

The Afghan Power Plant Company Limited has secured a $10 million loan from the Asian Development Bank to enhance energy security.

Offshore Wind Power

DEME Installs First Turbine at 487MW SeaMade Offshore Wind Farm

DEME Offshore has announced the start of turbine installation at the 487MW SeaMade offshore wind farm.

Solar Company

JA Solar to Supply Solar Modules for 110MW PV Project in Japan

China-based photovoltaic products manufacturer JA Solar has secured a supply contract for a 110MW photovoltaic power plant in Kansai, Japan.

Offshore Wind Power

Denmark Plans “Energy Islands” with 6GW of Offshore Wind Approvals

The parliament of Denmark has approved the construction of 6GW of offshore wind generation across two “energy islands” and a new wind farm.

Providing Development of the High Tension Electricity Network

Tender are Invited for Providing Development of the High Tension Electricity Network

Improvement Power Distribution Networks

Tender Are Invited For Development And Construction And Re Correction And Improvement Power Distribution Networks At Rodaki Power Area