Rice

Oil Price

Geopark Announces Plans To Acquire Repsol Upstream Assets In Colombia

GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream …

Oil Price

Oil And Gas Drilling Activity To Reach 10-year High In 2025: Industry Group

Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if presi…

Oil Price

SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention

In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surroundi…

Oil Price

Europe's Gasoline Exports Set to Rebound From Post-Covid Low

Europe’s gasoline market, which has struggled with lackluster export demand, is getting a boost as outbound flows in November rebound from a multi-year lo…

Solar project

Serbia Opens Second Renewables Auction, Tenders 124.8 MW of Solar

Serbia’s Ministry of Mining and Energy has announced a second renewable auction to procure 124.8 MW of solar at a maximum price of €72 ($75.90)/MWh. …

Solar Inverter

Sunlit Unveils Bidirectional Inverter for PV Carports, Balcony Solar

Sunlit has launched the EV3600 bidirectional inverter for PV carports and balcony solar applications, allowing users with dynamic electricity tariffs to charge …

Renewable Energy

European Wind Energy Continued to Curb the Effect of the Gas Price Rise on Electricity Markets in the Third Week of November

In the third week of November, average prices in most major European electricity markets declined compared to the previous week. On Sunday, November 24, several…

Photovoltaic （PV）

Japan’s 22nd Solar Auction Concludes With Lowest Bid of $0.049/kWh

Japan has allocated 56.4 MW of PV capacity in its latest procurement exercise. The lowest bid came in at JPY 7.5 ($0.049)/kWh, while the average final price was…

China

China’s Steel Output Lifts Iron Ore Even as Low Season Begins

Iron ore prices have rallied this week as Chinese steel mills churn out more metal than usual at the beginning of the low season.Average crude steel output in t…

Electrolyzer

Electricity Costs to Drive LCOH in Electrolysers: W.L. Gore & Associates

Lower electricity prices from renewables will be the key to reducing the levelised cost of hydrogen (LCOH), W.L. Gore & Associates’ Oliver Teller told a H…

Solar project

Serbia Sets Maximum Solar Price of €72/MWh for Second Renewables Auction

Serbia’s upcoming second renewables auction, scheduled for later this month, aims to procure 124.8 MW of solar power with a ceiling price of €72 ($75…

Natural Gas

Asian LNG Jumps to Highest This Year as European Benchmarks Rise

North Asia spot liquefied natural gas prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel.The…

Natural Gas

Nigerians Are Switching Cars to Compressed Natural Gas After Petrol Prices Surge

Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of …

Oil Price

Occidental CEO Warns US Is at Risk of Losing Energy Independence

Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.It’s going to sta…

Wind Farm

Surging Wind Power Could ‘More Than Halve’ UK Electricity Prices

Continued reliance on gas-fired generation will eventually push power prices back up, finds analysis, although doing away with gas entirely would be even more e…