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Oil & Gas Trade
Why Russia Finally Accepted Deeper Oil Output Cuts
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …
Crude Oil
Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa
The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specia…
Coal Mine
Aussie Bank Westpac to Gradually Shift Away from Coal Financing by 2030
Australia’s Westpac Banking Corp plans to promote the transition to climate-friendly solutions and reduce support to thermal coal projects to bring its financi…
SunPower Bolsters Residential Solar Loan Programme with USD-1bn Partnership
SunPower Corp has entered into a USD-1-billion (EUR 919m) partnership with Technology Credit Union (Tech CU) that gives the Silicon Valley-based solar company a…
Hydrogen Project
Australia's CEFC Launches $300m Hydrogen Project Fund
The Clean Energy Finance Corporation has welcomed the launch of the $300m Hydrogen Fund.
Wave Energy
SINN Power Develops Floating Ocean Hybrid Platform
SINN Power has developed a floating ocean hybrid platform it says can be used “as a complete off-grid energy solution,” generating renewable energy from wav…
Oil Price
Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…
Oil & Gas Trade
Venezuela Oil Exports Climb As OPEC Agreement Kicks In
While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…
Energy Storage Project
SCE Signs Contracts for 770MW of Energy Storage Capacity
US-based utility company Southern California Edison (SCE) has signed seven contracts for 770MW of battery-based energy storage capacity to strengthen Californ…
Market Analysis
US Renewable Leader Reports Strong First Quarter Despite Covid-19
The American Wind Energy Association (AWEA) released new data today, showing the good performance of Dallas-based Tri Global Energy (TGE), a wind power compan…
Solar Power Plant
Lightsource BP Sets live Kansas’ Largest Solar Plant
Lightsource BP and US utility Sunflower Electric Power Corporation have announced the commercial operation of the largest solar energy plant in Kansas.
Smart Grid
UK’s Smart DCC Installs Cellular Network to Support Smart Meter Innovation
UK smart grid management firm Smart DCC’s new Manchester office, Brabazon House, is now host to its own in-building advanced cellular network to enable testi…
CEFC to Kick-Start Australia’s Hydrogen Industry with New $300m Investment Fund
The federal government has established a new $300 million fund to invest in Australia’s emerging hydrogen industry, which it hopes will kick start jobs and exp…
Energy Storage Battery
Tesla Applies for UK Electricity Licence in Potential Big Battery Power Play
While Elon Musk was Tweeting his frank opinion of Tesla’s stock price (and sending it tumbling) over the weekend, news also emerged that the company he co-foun…
Market Analysis
Australia Wind Output Breaks Through 5,000MW for First Time
Australia’s wind energy output broke through the 5,000MW for the first time late last Friday – little more than a year after it broke through the 4,000MW mi…
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