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Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
Hydropower Plant
Downing Renewables Expands Swedish Hydro Portfolio with Two Deals
Downing Renewables and Infrastructure Trust Plc is spending around EUR 25 million to acquire two operational hydropower portfolios in Sweden, increasing to 157 …
Electricity Trade
Oman Launches First Middle East Electricity Spot Market
Oman has formally launched an electricity spot market, the first in the Middle East, to increase the efficiency of power procurement, the state news agency said…
Net Zero Emission
Chinese Companies Employ a Green Trend in Turkey
An increasing number of Chinese companies are operating in Turkey in the energy, construction and transportation fields in recent years with win-win cooperation…
Market Analysis
EIA Forecasts US Fossil Fuel Production to Reach New Highs in 2023
After declining in 2020, the combined production of US fossil fuels increased by 2% in 2021 to 77.14 quadrillion British thermal units.
Crude Oil
Norway Recorded Higher Oil & Gas Output in December
Norway’s oil and gas production increased in December 2021 when compared to the previous month but it was slightly below predictions made by the Norwegian Petr…
Solar Power Plant
Researchers Publish Details of Solar Panel Water Cooling Mechanism
An experimental water-cooling system increased system efficiency at high temperatures.
Electric Vehicle Battery
Korean Companies Focusing on All-Solid-State Battery Development
South Korean electric vehicle battery manufacturers are increasing their efforts to start the mass production of all-solid-state batteries as early as possible.
Oil Price
Opec+ Quota Gap Widens
Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.
Crude Oil
Iraq to Bolster Crude Export Capacity in 2Q
Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.
Oil & Gas Trade
Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Power Construction
Egypt Plans to Increase Power Grid Interconnection with Libya to 2,000 MW
Interconnection project starts from Wadi El-Natrun in Egypt, end in Libya’s Tobruk
Oil Price
Gas Prices Surging in Europe
Increasing concern about Europe's reliance on gas supplies from Russia has led to fears of continued price volatility in the international energy market.
Nuclear Power Plant
First Concrete for Unit 2 of China’s San'ao Nuclear Power Project
First concrete was poured on 30 December for unit 2 of China’s of the San'ao Nuclear Power Project in Zhejiang Province.

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