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Oil Shale
U.S. Oil Output from Major Shale to Drop in June to Nearly Two-Year Low
U.S. crude production from seven major shale formations is expected to fall by a record 197,000 barrels per day in June to 7.822 million bpd, the U.S. Energy In…
Pumped Storage
SSE Calls on UK Government to Support Pumped Storage
UK utility SSE is expected to receive planning permission to build a 1.5gw pumped storage plant in Scotland.
Oil Shale
U.S. Shale Could Crush the Oil Market Recovery
As the two petro-nations duked it out, the global oil glut ballooned to a massive oversupply and oil storage deficiency that persists today.
Oil & Gas Trade
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Middle East Second Most Popular Region for Renewable Energy Investment
The Middle East is the second most popular region for renewable energy investment after North America, according to a recent report from UK-based law firm Ashur…
French Nuclear Energy Society : Nuclear Essential to Economic Recovery
Making a commitment to build six new EPRs in France would be an "effective stimulus" for the country's economy as it recovers in the years ahead from the shock …
Oil & Gas Trade
US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week
The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…
First, Renewable Energy Is Poised to Eclipse Coal in U.S.
The United States is on track to produce more electricity this year from renewable power than from coal for the first time on record, new government projections…
Market Analysis
Global Oil Demand Could Take Years To Recover
Global oil demand will take at least a year to return to the pre-crisis levels of 100 million barrels per day , Fatih Birol, Executive Director of the Internati…
Energy Investment
UK Wants to Join Renewable Energy Market in Morocco
Morocco's Minister of Energy, Mines and Environment recently discussed with UK Minister for Investment about British investment opportunities in Morocco and the…
Oil & Gas Trade
India Oil & Gas Industry Might Need More Time to Recover
Most O&G CXOs believe that the recovery for the sector is likely to be longer, and more protracted than anticipated.
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
Wind Turbine
Botetourt Wants to Build the First On-shore Wind Farm in Virginia
The Botetourt County Planning Commission recommended approval for taller wind turbines allowed under the county's utility wind ordinance.
Geothermal Power Plant
Djibouti Launches the Geothermal Exploitation Project
The board of directors of the African Development Bank approved, additional funding of $3.22 million for the geothermal exploitation project in the Lake Assal r…
Solar thermal
Solaris Says Europe will Have New Solar Records in 2020
Following solar production records set in the UK, Germany and Spain in March and April, the European solar market is set to break further records in 2020, accor…
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