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OPEC

Oil Prices Rally As OPEC+ Maintains Its Production Policy

The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make…

Crude Oil

U.S. Oil Production On Course To Hit Record Levels In 2023

U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, …

Hydropower Plant

Nam Theun 1 Breaks RCC Placement World Record

The project team at Nam Theun 1 hydropower project in Laos has announced that in January 2021, they broke the world record for the most amount of RCC placement …

Hydropower Plant

ENGIE to Deploy Upstream Tech’s HydroForecast at Portugal Hydro Facilities

Environmental technology company Upstream Tech is to provide ENGIE inflow forecasting for the company’s newly acquired hydroelectric portfolio in Portugal.

Power Construction

Two 33kV Distribution Stations Completed In Kalba

The projects have been implemented in line with the vision and directives of the Supreme Council Member and Ruler of Sharjah, HH Sheikh Dr Sultan bin Mohamed Al…

Oil & Gas Trade

Petrobras Opens 2021 with Record Oil Exports

Brazil's state-controlled Petrobras says crude exports through its Angra dos Reis terminal reached a record 19.3mn bl in January, the extension of an upward tre…

Climate Policy

China Launches Carbon Emissions Trading Scheme

The system is expected to eclipse that of the European Union to become the world's largest emissions trading scheme (ETS).

Power Construction

Sierra Leone Secures $50m Grant to Boost Access to Electricity

The World Bank board of executive directors has approved a $50 million grant from the International Development Association to improve access to electricity in …

Battery Recycling

Volkswagen Group Components Begins Battery Recycling Pilot

Volkswagen Group Components opened the Group’s first plant for recycling electric car batteries in Salzgitter.

Carbon Neutral

Uzbekistan Joins Global Carbon Neutrality Race to 2050

European reconstruction bank signs on to assist Central Asian nation

Electric Car

GM Has Plan to Make All Vehicles Electric

The electrification of the transportation sector has received a boost as General Motors (GM) said it

Floating Solar Project

Large Scale Floating PV to Sell Power at $0.0368/kWh in Indonesia

A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the …

Market Analysis

China Sets 2020 Milestone in Wind-Power Capacity Growth

Construction of wind power in China, offshore and onshore, nearly tripled in 2020 over the previous year, hitting a new record of nearly 72 GW, according to dat…

Crude Oil

Only 36% Of Russia’s Oil Reserves Are Profitable

Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for …

Oil Exploration

Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area

The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas