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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…
Wind Power Company
Siemens Unveils Plan to Merger Wind Operations with Flender
Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines.
Wind Energy Technology
Siemens Intends to Spin off Wind Technology Ops
Siemens AG on Friday unveiled a plan to merge its Wind Energy Generation unit into its technology and mechanical drive business and then spin-off and publicly …
Energy Storage Battery
Tesla Applies for UK Electricity Licence in Potential Big Battery Power Play
While Elon Musk was Tweeting his frank opinion of Tesla’s stock price (and sending it tumbling) over the weekend, news also emerged that the company he co-foun…
Crude Oil
Trump Says "Looking to" Add 75 mln Barrels of Oil to Strategic Petroleum Reserve
U.S. President Donald Trump said on Monday that the United States is "looking to" add 75 million barrels of oil to its Strategic Petroleum Reserve (SPR) as oil …
Energy Storage Battery
Emergence of Crucial Interphase in Lithium-Ion Batteries is Observed by Researchers
What happens in a lithium-ion battery when it first starts running? A complex series of events, it turns out – from electrolytic ion reorganization to a riot o…
Nuclear Power Plant
Ukrainian President Reassured of End to Forest Fire
The State Emergency Service of Ukraine (SESU) needs a "few more days" to extinguish the smouldering remnants of a fire "in and around" the Chernobyl Exclusion …
Oil&Gas Drilling
OPEC, Non-OPEC Reach Oil Cuts Deal Amid COVID-19
An emergency video conference between OPEC and non-OPEC ministerial partners, chaired by Saudi Arabia, ended on Sunday.
Crude Oil
The World’s Biggest Oil Deal Can’t Save Crude Prices
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-pr…
Crude Oil
US to Top Up Strategic Oil Reserve With 77 Mln Barrels
The Trump administration cancelled plans to sell off a portion of the country's emergency oil reserves earlier this month as OPEC+'s failure to reach an agreeme…
Offshore Wind Power
TEPCO And Ørsted Sign Japanese Offshore Wind Alliance
Japanese power company merger (Tokyo electric power company) and Ø rsted, offshore wind power developers around the world.
Energy Storage Battery
Energy Storage Merger to Drive Vanadium Flow Battery Market
UK-based redT energy and US-based Avalon Battery Corporation have announced that they will merge.
Power Construction
South Sudan Is Building Its Electric Grid Virtually From Scratch
As South Sudan emerges from the wreckage of civil war, its leaders are beginning to build the nation’s electric sector from the ground up. With only a handful …
U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain
With the economy reeling, United States President Donald Trump on Friday, March 13, declared a national emergency to stem the damage from the coronavirus, unloc…
Crude
Australia Inks Deal With U.S. for Access to Strategic Petroleum Reserve
Australia said it will sign a deal with the U.S. this week giving it access to crude oil from to America’s Strategic Petroleum Reserve during an emergency.
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