Vale

Wind Farm

Wind Energy in Brazil Has 22 GW and 9,294 Wind Turbines

In July 2022, wind energy in Brazil reached the mark of 22 gigawatts (GW) of installed capacity, enough to supply 28.8 million homes per month. This is equivale…

Siemens Gamesa Posts €340M Quarterly Loss

Manufacturer reportedly considering cutting 2500 jobs, equivalent to 9% of its workforce.

Oil & Gas Supply

Europe Eyes Gas-Rich African Nations for New Supplies, Rystad Says

Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expec…

Smart Meter

UK Smart Meter Network Hits 20 Million Milestone

The smart meters could prevent the release of an estimated 580,000 tonnes of CO2 equivalent emissions every year, according to a report.

Natural Gas

Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA

The downward forecast is equivalent to 50 billion cubic meters of LNG.

Crude Oil

Equinor Announces New Oil and Gas Discovery in the North Sea

Preliminary estimates suggest between 25m to 50m barrels of recoverable oil equivalent.

Philippines

Higher Generation Costs Push Philippine April Rates up

Higher generation cost has driven the overall rate for a typical household in the Philippines up by P0.53 to P10.18 per kilowatt-hour (kWh) in April, the Manila…

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Oil Field

Bohai Sea Oilfield Output Exceeds 500 Million Tons

The Bohai Sea oilfield, China's largest crude oil base, had produced a cumulative total of oil equivalent exceeding 500 million tons as of Monday, after it has …

Crude Oil

Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025

West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent …

Energy Storage Battery

SMS Energises UK Energy Storage Project

Energy solutions group, SMS plc, has successfully energised its first battery energy storage system (BESS) in Burwell, Cambridgeshire, UK. Capable of storing an…

Crude Oil

Tunisia's Energy Output up 33% in 2021 to 4.7mln Tonnes of Oil Equivalent

Energy deficit reached 4.1mln tonnes of oil equivalent

CNOOC

Chinese Oil Major CNOOC Targets Record High Production This Decade

CNOOC set its production target at 600 million to 610 million barrels of oil equivalent (boe) for 2022, up from the 2021 target of 545-555 million boe

Oil Field

ExxonMobil Announces Two New Oil Discoveries In Guyana

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…

Oil&Gas Drilling

Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021

As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent