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Crude Oil
OPEC+ Now Sees Weaker Oil Demand Growth For 2021
OPEC+ expects global oil demand to rise by 5.6 million barrels per day this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand incre…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Tidal Energy
Sabella Acquires GE's Tidal Assets
Sabella has acquired the tidal energy assets of GE Renewable Energy.
Oil Exploration
Exxon and Chevron CEOs Discussed Potential Merger
Talks were "preliminary" and are not ongoing, but could be rekindled later.
LNG Carrier
Demand for Safe Eco-friendly Fuels Rising, LPG-Propelled Ships Expected to Be Built
The Ministry of Oceans and Fisheries announced on Jan. 31 that it approved the Korean Register of Shipping’s vessel inspection regulations regarding LPG-propel…
Nuclear Power Plant
Bushehr Nuclear Plant Expansion Continues
Russian Foreign Minister Sergei Lavrov told a press conference on 26 January that he had discussed with his Iranian counterpart Mohammad Javad Zarif the constru…
Wind Power Tower
Highest Self-Supported Wind Tower Ever Built
ESTEYCO’s telescopic concrete tower on-shore prototype is just about to be finished in China.
Floating Solar Project
Large Scale Floating PV to Sell Power at $0.0368/kWh in Indonesia
A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the …
DNV Merges Oil & Gas and Renewables Arms into New Energy Business
Assurance and risk management company DNV GL is to combine its current Oil & Gas and Power & Renewables businesses into one new arm called Energy Systems.
Electric Car
President Joe Biden Commits to Replacing Entire Federal Fleet with Electric Vehicles
The commitment, if it bears out, could give a boost to U.S. automakers, particularly those that have diverse portfolios that include passenger cars, commercial …
Wind Turbine
First Turbine Installed at Gordonbush Extension
SSE Renewables' 38MW project is scheduled to be operational in mid-2021
Oil&Gas Drilling
Santos Gearing up for New Well Offshore Australia
Australian oil and gas giant Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian aut…
Wind Turbine
OIM Chooses KM System for New Vessel
Technology package will be for the BT-220IU wind turbine installation unit
Hydropower Plant
Stortemelk Hydropower Project Receives Recognition for Sustainability
Using an industry-leading assessment tool, a small-scale hydro project in South Africa, Stortemelk, has been recognised as an impressive example of sustainable …
Nuclear Power Plant
Atommash Begins to Manufacture RPV Russia’s Kursk-II-2
Atommash, the Volgodonsk branch of Russia’s AEM-Technologies has started manufacturing the reactor pressure vessel for unit 2 of the Kursk-II nuclear power pla…
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