Rec

Geothermal Power Plant

Enel Green Power Sets a New Record for Rrenewable Energy Generation in Italy

In a new record-setting feat, Enel Green Power generated approximately 119 TWh of renewable energy in 2021. Much of the increase in capacity comes from the 55.4…

Crude Oil

Barclays Raises 2022 Crude Oil Price Forecasts on Higher IEA Demand View

Barclays raised its crude oil price forecasts for 2022 on Monday, driven by a revision to demand estimates by the International Energy Agency (IEA) last week.

Solar Power Plant

Photovoltaic and Wind Power Reduce Carbon Footprint

A recent study investigated the major factors in reducing the carbon footprint of electricity consumption in Switzerland.

LNG

U.S. Supplies Give China Muscle to Become Major Force in Global LNG Trade

Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalisations at home and recently…

Natural Gas

Equinor Posts US$15bn Earnings on High Gas Prices

Equinor capitalised on high prices for gas and liquids by posting earnings of US$15bn and recording free cash flow of US$25bn in Q4 2021.

Natural Gas

Gas Crunch Causes Electricity Crisis Despite Record Cheap Clean Energy. Time to Create a “Green Energy Pool”?

In the UK and similar nations, the gas crisis is ballooning electricity prices too.

Nuclear Fusion

UK Fusion Technology Breaks ‘Landmark Record’

Fusion technology has reached a new milestone after a reactor in Oxford broke its own world record for fusion energy output.

United States

FERC Receives Two Proposals for Same Pumped Storage Location

The U.S. Federal Energy Regulatory Commission (FERC) has received two applications for preliminary permits for a pumped storage project at the same location, La…

Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE

Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) …

Energy Storage Battery

Solar, Wind and Energy Storage Proposals for New South Wales Renewable Energy Zone Come Flooding in

The Australian state of New South Wales (NSW) has received proposals for more than 34GW of solar, wind and energy storage for its South-West Renewable Energy Zo…

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

Solar Power Panel

IREC Helps Small Puerto Rican Community Procure 75-kW Solar Microgrid

The Interstate Renewable Energy Council (IREC) announced it has selected Maricao, Puerto Rico, to develop a solar + storage microgrid through the Puerto Rican S…

Coal Price

Europe's Carbon Price Nears the 100 Euro Milestone

The price of permits in the European Union's carbon market closed at a record high above 96 euros on last Friday, with analysts expecting the symbolic 100 euro …

LNG

US LNG Sector to Pitch Gas Deals for Europe

A senior EU official overseeing the bloc's energy policy is set to meet next week with US LNG industry insiders, who say recent tensions with Russia add relevan…