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Nicaragua

Nicaragua Reaches 98.5% Electrification Rate and 75% Renewables Supply

Nicaragua reached over 75% renewables supply in 2020, of which half was from local resources.

Cooperation case

China, Ukraine to Deepen Belt and Road Cooperation

China and Ukraine agreed on Wednesday to work together to combat the COVID-19 pandemic, comprehensively deepen cooperation on the Belt and Road Initiative, and …

Energy Storage Material

Researchers Design a Novel Method for Modifying the Structure and Properties of Graphene

An international research team from China, France, Canada, Denmark and the UK has demonstrated a novel process to modify the structure and properties of graphen…

Carbon Emissions

Exxon Pledges to Reduce Emissions, but the Details Suggest Nothing Has Changed

Under investor pressure, the company retreated from its refusal to join other oil giants in pledging reductions, with a plan that suggests it will continue busi…

Crude Oil

China Issues Higher Oil Import Quotas For 2021

China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…

OPEC

Russian Energy Ministers Tells Biden Not To Disturb Oil Markets

Joe Biden’s presidency will hopefully not interfere with OPEC+ actions taken to rebalance oil markets, Russian Deputy Prime Minister and former Energy Minister…

Oil Field

Gazprom & LUKOIL Sign Master Agreement to Develop Two Fields

Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the developme…

Energy Storage Battery

Chinese Company Kedali to Build Lithium Battery Parts Plant in Hungary

The plant, which will manufacture components for lithium-ion powered batteries in Godollo, northern Hungary, will create 330 new jobs, Szijjarto told a press co…

Market Analysis

Does Geothermal Energy Have A Future Under The Biden Administration?

The Biden Administration – due to take office January 20th, 2021 – is expected to turn political rhetoric into political action when it comes to the nation’s…

Oil Price

Oil Tumbles As New Virus Strain Revives Demand Fears

Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…

Solar Power Plant

Greenbacker Acquires 104-MW Graphite Solar Project from rPlus Energies

Greenbacker Renewable Energy has, through a wholly-owned subsidiary, purchased an 80-MWac /104-MWdc pre-operational solar project from rPlus Energies.

Nuclear Power Plant

Canada Releases National Small Modular Reactor Action Plan

Canada Minister of Natural Resources Seamus O’Regan, released a national SMR Action Plan, which responds to the 53 recommendations identified in Canada’s SMR …

Crude Oil

China's Top Refiner Sees Oil Product Demand Peak By 2025

China's largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, citing Sinope…

Oil & Gas Supply

US Backs EastMed Pipeline to Supply Gas to Europe

“We are going to continue to work with Israel, Greece and other interested parties to ensure that the infrastructure will be developed,” US Secretary of Energ…

Net Zero Emission

US President-elect Biden Eounds out Climate Team with Progressives to Push Clean-Energy Agenda

Debra Haaland would become first Native American to head Department of Interior, while environmentalist Michael Regan in frame to run EPA