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Oil Price
Oil Jumps as EU Weighs Russian Embargo
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…
Wind Farm
Approval for Australia’s Biggest Wind Farm
An agreement to create Australia’s largest wind farm has been approved, with the 1GW farm to be installed near Warwick in Queensland.
Oil Price
Oil Settles Volatile Week Below US$105
In the past week, the price of US crude oil, which briefly topped US$130 a barrel amid concerns that the conflict in Ukraine will squeeze energy markets, eased …
Oil & Gas Supply
IEA Unveils 10-Point Plan to Cut Oil Supply Crunch
The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…
Geothermal Power Plant
Significant Increase in Geothermal Development in Kenya
With an installed capacity of 863 MW, geothermal produced around 48% of all electricity supplied in Kenya in 2020/ 2021.
SMR
Boris Johnson to Host Nuclear Energy Roundtable to Remove Barriers to New Developments
The Prime Minister is set to host a meeting on how to remove the barriers to increasing the UK’s nuclear power output, No 10 has announced.
Nuclear Power Plant
Belgium Delays Nuclear Energy Exit 10 Years Due to Ukraine War
Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, spooked by the huge rise in energy prices due to the Russian invasion of Ukraine.
Oil Price
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
Nuclear Reactor
Belgium's Plans to Scrap Nuclear Energy Delayed by 10 Years Because of Russia-Ukraine War
Belgium on Friday delayed by a decade a plan to scrap nuclear energy in 2025, worried by the rise in energy prices caused by the Russian intervention in Ukraine…
SMR
Canadian government invests in third SMR technology
The Canadian government is to invest CAD27.2 million (USD21.6 million) in Westinghouse Electric Canada Inc to support its next-generation eVinci microreactor.
Crude Oil
National Daily Oil Output Totals 684,100 Barrels
Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.
Wind Power Project
GE, Ibredrola to Install Turbines for Onshore Wind Project in New South Wales
GE Renewable Energy and Iberdrola Australia entered an agreement to supply and install 38 wind turbines for the Flyers Creek project in New South Wales which wi…
Electric Car
Rising Costs Have Lucid CEO Eyeing Price Hike for Future Electric Cars
A Lucid Air electric vehicle is displayed at a shopping mall in Scottsdale, Arizona, U.S., September 27, 2021. REUTERS/Hyunjoo Jin/File PhotoElectric carmaker L…
Coal Mine
Vietnam Government Says Power Plants Facing Coal Shortages
Coal-fired power plants in Vietnam are facing a shortage of coal supplies after COVID-19 infections disrupted the operations of local miners and due to the hig…
Solar Power Plant
India Adds 1.2 GW Open Access Solar Capacity in 2021: Mercom India
India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the…
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