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EV Market
Soaring Lithium Prices Become Major Headache For EV Makers
With lithium prices already trading at a record high in Asia, there is no sign that the rally in this much-sought-after commodity will come to an end this year
LNG
US Expected to be World's Biggest LNG Exporter as China Poised to Become Top Importer
Brazilian imports more than tripled amid a drought and weak hydropower generation soaring to 7.5 MMt in 2021
Oil Refinery
Major Romanian Oil Refinery to Cut Emissions with Hydrogen
PJSC Lukoil has today Bbecome the latest oil and gas company to commit to hydrogen, having confirmed its intention to investigate the production and supply of g…
Hydrogen Project
Major Romanian Oil Refinery to Cut Emissions with Hydrogen
PJSC Lukoil has today become the latest oil and gas company to commit to hydrogen, having confirmed its intention to investigate the production and supply of gr…
Floating Offshore Wind
Ardersier Port Set to Become Europe’s First Circular Energy Facility
The Scottish port will be used to turn disused oil rigs into the foundations for floating wind units, all as part of a circular economy.
Iberdrola to Increase Energy Prices from January 1
Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.
Crude Oil
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Market Analysis
Hydrogen Expected to Become Biggest Energy Source in Korea in 2050
The South Korean government has decided to turn hydrogen into South Korea’s biggest energy source by 2050.
Wind Power Project
Wind Power Becoming too Cheap to Support Itself
Major efforts to bring down the cost of generating wind energy should be restrained, the head of a wind turbine making major has warned, citing the industry’s …
Natural Gas
Equinor Shifts Oseberg Output Focus Towards Gas
Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.
Hydrogen Project
Townsville, Australia, to Transition Into a Hydrogen Powerhouse with New MoU
Townsville, Australia, could become a hydrogen powerhouse with Edify signing a memorandum of understanding today to investigate the feasibility of exporting hyd…
Crude Oil
Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Portugal
Portugal Becomes Fourth EU Country to Stop Using Coal Plants
The Pego plant located 150 kilometers northeast of the Portuguese capital Lisbon stopped generating over the weekend
Electric Car
Sweden’s Volvo Targets Only EV Sales by 2030
Swedish automotive manufacturer Volvo plans to sell only electric vehicles by 2030, while also aiming to reduce resource consumption in order to become a more c…
Wind Power Company
SK Ecoplant Becomes Largest Shareholder of Domestic Wind Farm Subsrtructure maker
The total investment stands at 460 billion won.
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