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Crude Oil
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production.
Offshore Wind Power
Australia Could Become an Offshore Wind Powerhouse
Offshore wind farms are an increasingly common sight overseas. But Australia has neglected the technology, despite the ample wind gusts buffeting much of our co…
Energy Investment
Honduras Spends 52% more on Oil Imports in First 5 Months 2021
he increase in the oil bill in the first five months of 2021 is due to the rise in the international price of oil, influenced by the reactivation of the economi…
Solar Power Plant
Global Solar Power to Cross 200 GW Annual Installation Threshold in 2022
The global installed capacity for solar power will be increased by 203 GW in 2022, in what will be the first time ever for new annual installations to exceed 20…
Energy Transition
Japan to lift 2030 Renewables Goal to 36-38%, Cut Fossil Fuels
Japan today presented a draft of its revised basic energy strategy, in which the share of renewables in the country’s 2030 power mix increases to 36%-38%.
Microgrid
US Airport goes “Off-Grid” with Solar Hybrid Microgrid
Pittsburgh International Airport has become the first airport in the world to be completely powered by an onsite natural gas and solar microgrid, serving to inc…
Nuclear Power Plant
Doel 2 Shut Down After Hydrogen Leak
Unit 2 at Belgium’s Doel NPP was shut down manually during the night of 14-15 July, after Engie Electrabel employees noticed a rapid increase in hydrogen consu…
OPEC
OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Nuclear Power Plant
El Dabaa First of ‘Several’ Nuclear Reactors for Egypt
Construction of Egypt’s first nuclear power plant is moving forward, and a government official said the country plans to build “several” more reactors “in v…
Wind Turbine
GRI Renewable Industries and Hempel Strike Strategic Partnership
GRI Renewable Industries, a manufacturer of towers and flanges for the wind sector, and Hempel, a supplier of coating solutions, are teaming up in a strategic p…
Energy Storage Project
U.S. Looks To Slash Long-Duration Energy Storage Costs By 90% By 2030
The U.S. Department of Energy announced on Wednesday a new goal to support the increased rollout of more wind and solar power in the grid by reducing the cost o…
EU
The EU Commission Wants 30 GW a Year of New Wind Power up to 2030
The European Commission has tabled the Fit-for-55 package, a series of legislative proposals to deliver the EU’s increased climate target of 55% emissions redu…
Nuclear Power Plant
Linglong One: First Concrete Tank of the Nuclear Island Raft Foundation was Successfully Poured
SMR demonstration project will enable the implementation and verification of SMR technology.
Nuclear waste
Holtec Set to Ramp up HI-STAR Cask Production
Holtec is preparing to increase production of its HI-STAR casks, following the receipt of regulatory approvals and new orders in Europe.
Oil&Gas Drilling
U.S. Drilling Approvals Increase Despite Biden Climate Pledge
The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year
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