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Market Analysis

Biebuyck Hails Ambition of EU Hydrogen Strategy

Bart Biebuyck, Executive Director of Fuel Cells and Hydrogen Joint Undertaking (FCH JU), hailed the ambition of the recently released European Union’s (EU) rec…

Energy Saving

Driving Manufacturing Efficiency Through Gas-Generated Energy

Industries around the world are investing in alternatives such as gas-generated energy to supplement their electricity supply to ensure they can continue operat…

Oil Field

TAQA Files Decommissioning Plans for Two North Sea Platform Topsides

TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.

Oil Field

Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake

Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.

Power Construction

Arcadis Ost 1 Offshore Substation Starts Taking Shape

Construction of the upper part of the Arcadis Ost 1 offshore substation has now begun at the former Lenin Shipyard in Gdansk, Poland, Elia Group said.

Oil & Gas Trade

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.

Electricity Transmission

Iberdrola Slams UK’s Proposal for Lower Network Returns

Spanish utility Iberdrola's chief executive, Ignacio Galan, has strongly criticised UK energy regulator Ofgem's proposal to cut the allowed return on equity for…

Oil & Gas Trade

Indonesia’s August Gasoline Imports Likely to Stay Low

Indonesia's gasoline imports are expected to remain low in August despite increasing driving activity in the southeast Asian country.

Crude Oil

Indian Refinery Runs Edge Higher in June

Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.

Wind Energy Technology

Tunisia Tackles Wind Energy with Wind Lidar

Technical consultancy Firnas Shuman delivers one-year ZX Lidars wind measurement campaign for major developer

Energy Investment

Efficiency Companies Raise $858 Million In VC Funding In 1H 2020

Funding into Battery Storage and Efficiency companies was down in the first half of 2020

South Africa

Nyimpini Mabunda Named New CEO for General Electric in Southern Africa

Nyimpini Mabunda has been appointed Chief Executive Officer for Southern Africa for General Electric.

Electric Car

Electric Vehicle Market Likely to be Rs 50,000 Crore Opportunity in India by 2025

The electric vehicle market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrificatio…

Italy

INNOSEA Receives Grant for Floating Solar R&D Project

Engineering firm INNOSEA has been awarded a European H2020 grant to undertake a research and development project to support more efficient.

Oil Price

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh

Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.