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Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
Energy Investment
Hyundai Engineering to Expand Business in Energy Sector
According to the company, its investments in plastic recycling and carbon dioxide recycling will be 530 billion won and 350 billion won, respectively.
Wind Farm
EDP Renewables Starts Two Wind Farms with 70 MW in Italy
These are Monte Mattina and Sant’Alessandro wind farms, with an installed capacity of 25 MW and 45 MW respectively.
Hydrogen Project
SK to Build World’s Largest Blue Hydrogen Plant
The annual production and the total project cost are estimated at 250,000 tons and 5.3 trillion won, respectively. In addition, 100 hydrogen charging stations w…
Hydrogen Project
SK E&S and Plug Power Form Joint Venture
SK E&S and Plug Power have signed a joint venture contract for joint business in the Asian hydrogen market. Their stakes in the joint venture are 51 percent and…
Coal Production
Western Balkan Countries are in Global Top 10 in Coal’s Power Output Share
Kosovo* is ranked second in the world for its share of coal in domestic electricity production, trailing only Botswana. Serbia and BiH are seventh and tenth, re…
Net Zero Emission
UK, South Korea Commit to Clean Energy Co-Operation
The UK and South Korea have signed a memorandum of understanding that will support the co-operation of the countries' respective government departments in worki…
Hydrogen Project
Australian Energy Retailer, Japanese Oil Refiner Team up on Green Hydrogen
Origin Energy, Australia’s biggest energy retailer, has agreed to team with Japan’s largest oil refiner, Eneos, to explore the potential for a commercial-scal…
Crude Oil
Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge
Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks
Energy Investment
Spain, Among the 10 Most Attractive Countries for Investment in Wind Energy
The United States and China hold the first and second place, respectively, followed by India.
EV Market
The Production and Sales of China’s New-Energy Vehicles Hit a New High in April’s Monthly Record
The production and sales of China's new-energy vehicles continued to refresh the month's record, with a total of 216,000 and 206,000 vehicles being produced and…
Energy Taxation
Basic Customs Duty Expected to Increase Solar bid Tariffs by up to 50 Paise per Unit: ICRA
Basic customs duty of 25 per cent and 40% on imported solar cells and modules, respectively, is likely to result in an increase in solar tariffs.
Natural Gas
Sinopec, SIBUR Set up Joint Venture
SIBUR and Sinopec will hold respective interest in the joint venture in the amount of 60 percent and 40 percent.
United Kingdom
UK-EU Brexit Agreement – Energy Sector Business as Usual
Under the UK-EU ‘Brexit’ trade and cooperation agreement little if any changes are anticipated to the evolution of the respective energy sectors.
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 …
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