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Crude Oil

EIA Lowers U.S. Oil Production Forecast

The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.

Oil Price

Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks

Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent…

Australia

Energy Prices Across Australia to Remain High Until 2026

Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…

Gas power plant

Equinor May Postpone Closure of Norwegian Gas-Fired Power Plant

Norway-based energy major Equinor could continue to operate its natural gas-fired Mongstad power plant to support the country’s electricity supply. The company…

Energy Investment

Investment in Renewables Hits Record $226BN Despite Supply Chain Woes

Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.

Nuclear Power Plant

Europe’s Largest Nuclear Power Station Is “Out of Control”, Says Un Nuclear Chief

IAEA’s Director-General said every principle of nuclear safety has been violated at the Zaporizhzhya Nuclear Power Plant.

Coal Trade

Russia Becomes India’s Third-Largest Coal Supplier in July, Coalmint Data Shows

Russia became India's third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Ind…

United States

US Community Solar Sector Market Forecast to Grow 7 GWdc by 2027

Pending legislation for community solar programs in five states could add another 1.2 GWdc

Wind Farm

First Turbine Commissioned at RWE’s Kaskasi Wind Farm in the German North Sea

35 km north of the island of Heligoland, the first turbine of RWE’s Kaskasi offshore wind farm was recently commissioned, and is now supplying green electricit…

Oil Price

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices

Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…

Wind Turbine

RWE Windfarm Is First to Be Fitted With Siemens Gamesa’s Recyclable Blades

The first wind turbine to be fitted with Siemens Gamesa’s RecyclableBlades is now producing power at RWE’s Kaskasi offshore wind power project in Germany. …

New Edge Computing Solutions Set to Revolutionise the Power Industry

The adoption of new edge computing solutions is forecasted to create much-needed disruption and growth opportunities in the energy industry, writes Andrew Foste…

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom

Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…

Nuclear Reactor

DOE Formalises Test Reactor Decision

The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reacto…

Smart Meter

Asia-Pacific Forecast to Reach 1 Billion Smart Electricity Meters by 2026 – Study

The smart electricity metering market in Asia-Pacific is on its way to reaching a historic milestone of 1 billion installed devices, according to a new research…