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Tidal Energy

Verdant Power Moves Forward with RITE Project Turbines

Verdant Power has made significant progress in manufacturing the Gen5 Free Flow System turbines.

Nuclear Power Plant

Norwegian Reactor Dismantling to Cost Almost USD2 Billion

The decommissioning of Norway's shut down research reactors at Halden and Kjeller will cost around NOK20 billion (USD1.96 billion) and take 20-25 years, accordi…

Electric Car

Ideanomics' MEG Secures First Order for Qingdao EV Hub

Ideanomics, Mobile Energy Global division has today announced its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd has secure…

Coal Price

Effects of Lower Coal Prices Only Partially Reflected in 1Q20

As average coal input prices exceeded our estimate due to lower utilization rates at coal power plants, KEPCO’s 1Q20 results fell short of our estimates.

Crude Oil

PetroChina's Dalian Refinery to Resume Operations in Late-June

PetroChina said on Tuesday its subsidiary refinery Dalian Petrochemical Corp, which kicked off an overhaul on April 8, is expected to resume operations in late-…

Oil & Gas Trade

Russia’s Oil Giant Rosneft Quits All Venezuelan Operations

Russia’s largest oil producer, Rosneft, confirmed on Friday that it had discontinued all operations in Venezuela, including in joint ventures, trading, and oil…

French Group Total Buys up Some Assets from Portugal's EDP

Total's shares on the Paris bourse .FCHI gained 4% in early trade after the deal, and a separate announcement that it was calling off a deal to acquire Occident…

Crude Oil

US WTI Crude Futures Rise Above $30/bl

U.S. benchmark WTI crude futures rose above $30 a barrel for the first time in two months.

Oil Shale

Blackstone Shale Oil Venture Gavilan Resources Files for Bankruptcy

Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy late on Friday.

Solar Power Plant

Innergex Acquires 182.2GWh Solar Farm in Chile

Innergex, an independent renewable energy producer, announced the acquisition of a solar photovoltaic plant in el Salvador, Chile.

Market Analysis

IEA Sees Unique Opportunity for Clean Energy During Covid-19 Crisis

In the midst of a pandemic that’s shaken energy markets to the core and threatens to send the global economy into a depression, renewable energy is holding ste…

Tidal Energy

80% of UK Public Backs Wave and Tidal Energy

New figures released by the UK government show wave and tidal energy has the backing of 80 per cent of the public.

Oil & Gas Trade

Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market

An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.

UK Govt Extends Feedback Window for CfD Changes Due to COVID-19

The UK government has extended the consultation period for expressing opinions regarding the planned changes of the Contracts for Difference (CfD) scheme by a w…

Solar Technology

Perovskite Solar Cells Tweaked to Withstand Heat

This has researchers looking for new ways to raise the efficiency and decrease the costs of solar cells.