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Crude Oil

OPEC Discussing Deal to Raise Oil Production by 2 million b/d by December: Sources

OPEC and its allies appear in striking distance of a deal on production quotas, discussing proposals that call for an output increase of about 2 million b/d fro…

Hydrogen Project

HDF Energy to Develop Its First Utility-Scale Fuel Cell Factory Following Successful IPO

Hydrogène de France Energy has raised €132m in a recent IPO that will help develop its first factory for utility-scale fuel cells using PEM technology.

Oil Refinery

U.S. Refining Capacity Shrinks by 4.5% in 2020

The US refining capacity fell 4.5% to 18.13 million barrels per day from a record of 18.98 million barrels per day a year ago.

EU

EU Renewable Energy Directive Change From 1st July

From 1 July 2021, production standards set out in the EU Renewable Energy Directive will be tightened.

Energy Transition

World Bank Approves Project to Advance Energy Transition in Uzbekistan

The Ministry of Energy has announced that a new US$380 million project to enhance the performance of the National Electric Grids of Uzbekistan has been approved…

Hydrogen Project

Saudi Arabia's 1st Hydrogen Fueling Station

Aramco and Air Products have recently inaugurated the first and only hydrogen fueling station in Saudi Arabia at Air Products' new Technology Center in the Dhah…

Crude Oil

Libya’s May Oil Revenues up to Record Levels Due to Increased Demand and Prices

The NOC announced yesterday that its net revenues during May 2021 from the sales of crude oil, gas, condensates, oil products and petrochemicals amounted to rec…

Market Analysis

Renewable Energy Sources Provided more than a Quarter of Total U.S. Electrical Generation in April

Electrical generation by renewable energy sources set a new record in April 2021 and accounted for 25.7% of total U.S. production.

Electric Vehicle Battery

European EV Battery Recycling to Get a Capacity Boost

Fortum is to invest €24 million to expand its lithium-ion battery recycling capacity with a new plant in Harjavalta, Finland.

Wind Power Company

Ørsted Celebrates Installation Milestone

Danish energy company Ørsted has erected its 1000th turbine in UK waters.

Energy Storage Battery

Plans Unveiled for Netherlands’ Largest Battery

The 24 MW/48 MWh system is being built by Dutch storage system provider Giga Storage and utility Eneco. The battery will be used by Eneco for forecasting supply…

Wind Power Project

Enlight K2-Wind Secures Building Permit for Pupin Wind Farm

Enlight K2-Wind received a construction permit for its 95.5 MW Pupin wind farm. The project is an extension of the Kovačica wind farm, the second largest in th…

Oil Price

Russian Domestic Oil Prices Soar to All-Time High

Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earl…

Energy-Eficient Building

Researchers Receive £1.3m to Develop Low-Carbon Energy Storage for Buildings

The technology could help decarbonise the building sector, while also addressing issues of fuel poverty and pollution.

Nuclear Fusion

Helion Passes 100 million Degrees Celsius

It also announced its Trenta prototype recently finished a 16-month testing campaign, completing almost 10,000 high-power pulses.