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Oil Price
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil&Gas Drilling
Apache Kicks Off Drilling Operations on Fresh Well Off Suriname
Apache Corporation has gathered further reservoir and technical data from its Kwaskwasi-1 discovery well located in Block 58 offshore Suriname and started drill…
Supply of different 11 units of different size power generating set
Tenders are invited for Supply of different 11 units of different size power generating set with accessories
Nuclear Power Plant
China Ditches US Nuclear Technology in Favour of Home-Grown Alternative
China has switched from American nuclear power technology to a domestically developed alternative as worries over energy security and geopolitical uncertainties…
Coal Production
COVID19 Lockdowns Shrink Colombia Coal Output by 48% YoY
Coal production in the world's fifth-largest coal exporter Colombia fell by 48.8% in the second quarter because of coronavirus quarantine measures and low inter…
Iran
Iran Launches Phase 1 of Qeshm Oil Export Terminal
Iranian president Hassan Rohani has inaugurated the first phase of a new oil export terminal on Iran's Qeshm island, at the mouth of the Gulf of Oman.
Oil Pipeline
Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km crude oil pipeline.
Coal Trade
India's Coal Import Drops 35% in August on Lower Demand from Power, Cement Players
India's coal import declined by 34.9 per cent to 12.46 million tonnes in August on account of subdued demand for the dry fuel from consuming sectors like power …
Thermal Plant
L&T-Owned 1,400 MW Nabha Power Plant Wins Twin Awards at CII Energy Efficiency Summit 2020
Nabha Power, a wholly owned subsidiary of L&T Power Development, won two prestigious awards at the 21st National Award Ceremony for Excellence in Energy Managem…
Hydrogen Fuel Stations
Ten New Hydrogen Stations Planned for British Columbia
The Government of British Columbia has allocated $10m for the construction and operation of ten hydrogen fuelling stations.
Wind Turbine
GE to supply Cypress Turbines for 157MW Austrian Wind Project
GE Renewable Energy has been selected by PÜSPÖK Group to supply two windfarms located in the Burgenland region in Austria.
Mads Nipper Announced As Ørsted’s Next CEO
Ørsted’s Board of Directors has appointed Mads Nipper as CEO and Group President of Ørsted as of 1 January 2021.
Coal Mine
Coal India Plans to Restore Production from Discontinued Underground Mines, Identifies 12 blocks
The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion tonnes in the next four years.
Wave Energy
DMEC and ESA to Launch Marine Energy Tender
The Dutch Marine Energy Centre and the European Space Agency will launch a tender on 14 September.
Market Analysis
Hyundai Motor Sees Hydrogen Fuel Vehicle Market Booming 43 Times Over 2022-2040
Globally, the carmaker expects to see 81,000 FCEVs on the roads in 2022, jumping to 6.2 million FCEVs in 2040.
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