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Offshore Wind Power
Vattenfall Calls Out UK Government Over Offshore Wind Project Delays
The UK’s Department for Business, Energy & Industrial Strategy (BEIS) has postponed the statutory deadline for the decision on planning consent for the 1.8 GW …
Market Analysis
Why Has Tesla Halved the Model Y Delivery Timeline?
Tesla has cut the estimated delivery time for its Model Y to 4-8 weeks from 8-12 weeks after it restarts.
Oil & Gas Trade
Two Iranian Tankers Sail Back After Delivering Fuel to Venezuela
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon, as the government …
Oil&Gas Drilling
UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact
State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…
Energy Investment
Global Energy Investment to Plunge 20% This Year: IEA
Global energy investment is set to face a “staggering” decline this year as a result of the Covid-19 pandemi.
Crude Oil
Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…
LNG
US to Become LNG Swing Producer as Capacity Utilisation Declines
Gas prices have been trading in the negative in recent months.
Oil & Gas Trade
Iranian Oil Tanker Arrives at Venezuela's Largest Refinery
One of five Iranian tankers carrying much-needed gasoline and oil derivatives arrived Tuesday at Venezuela's main oil refinery, officials said.
Gas power plant
Alliant Closing Coal Unit, Brings Gas Plant Online
Alliant Energy, based in Wisconsin, said on May 22 that it would retire its coal-fired Edgewater power plant in Sheboygan by the end of 2022.
Solar Technology
Arctech Solar Delivered 575MW SkyLine Trackers to Middle East's Largest PV Plant
This project is not only the largest utility-scale PV plant in the Middle East to date, but also one of the world's largest PV plant boasting single-axis tracke…
CCS
Developing Zero-Carbon Energy Carriers is a $500bn Opportunity
Big Oil is already setting its eyes on capturing the market for high-voltage transmission lines that could change the way clean energy is accessed.
Oil Price
Petronas Expects a Challenging Year as Q1 Profit Falls about 70 Pct
May 22, declined 4.66 per cent to US$34.38 per barrel.
Renewable Energy
German Pipeline Operators Present Plan for World's Largest Hydrogen Grid
The plan to build a 1,200 kms hydrogen grid by 2030 would mostly be based on converted former natural gas pipelines.
Oil Field
U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale
ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…
Renewable Energy
Global Green Energy Growth to Fall for First Time in 20 Years: IEA
Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to p…
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