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Electric Car
Prices of EVs Could Rise by 10% In 2024
That’s the warning from carmakers, after EU rules on manufacturing are set to change in two years.
Petrofac Selected by Shell for EPS Services on Omani Project
EPS services provider will undertake three contracts including a five-year EPS contract for Shell’s Block-10 Mabrouk Phase 2 Project.
Crude Oil
Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1
Award to Malaysia’s national oil and gas company launches Middle East’s first unconventional oil concession
Solar Power Plant
Adani Unit Commissions 450MW Wind-Solar Hybrid Plant
It now has the largest operational hybrid capacity globally of 1,440MW.
Geothermal Power Plant
Philippines’ Aboitiz Power Unit Awards Contract to Develop 17MW Geothermal Power Plant
The plant will be developed in Tiwi, Albay province.
EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market
Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…
United Kingdom
Octopus Acquires Solar Developer
Zestec has a pipeline of more than 160MW of new UK solar energy.
Oil Price
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA
It reached $560b this year.
EU
France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval
The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2…
Crude Oil
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…
India
Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India
Once completed, it is expected to produce 1.163 million MWh of clean energy.
Nuclear Power Plant
Nuclear Power Is Finally Poised to Ramp up Again in Japan
The Japanese have been hesitant to re-embrace nuclear power following the triple reactor meltdowns at the Fukushima Daiichi plant in 2011, but there are indicat…
China
China’s Renewables Could Grow up to 6,000GW by 2050
Power demand is projected to reach 13,600TWh by 2050.
OPEC
Reuters Survey: OPEC Cut 710,00 Bpd in November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according…

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Prices of EVs Could Rise by 10% In 2024

Petrofac Selected by Shell for EPS Services on Omani Project

Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1

Adani Unit Commissions 450MW Wind-Solar Hybrid Plant

Philippines’ Aboitiz Power Unit Awards Contract to Develop 17MW Geothermal Power Plant

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Octopus Acquires Solar Developer

Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low

Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA

France’s €13.5bn Scheme to Compensate Energy-Intensive Firms Granted EU Approval

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India

Nuclear Power Is Finally Poised to Ramp up Again in Japan

China’s Renewables Could Grow up to 6,000GW by 2050

Reuters Survey: OPEC Cut 710,00 Bpd in November