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Electricity Transmission
Xinjiang's Power Transmission Volume Hits New High in 2021
Northwest China's Xinjiang Uygur Autonomous Region transmitted a record 122 billion kilowatt-hours of locally generated electricity to other parts of the countr…
Nuclear Power Plant
France Expects New Nuclear Reactors to Begin Operation in 2035-37
She said the new reactors would be EPR2 models, improved versions of EDF's EPR, which has suffered years of delays and billions of euros of cost overruns on uni…
Hydropower Plant
Three Gorges Hydropower Station Generates Over 100 bln kWh of Electricity in 2021
The Three Gorges Hydroelectric Power Station on China's Yangtze River has generated 103.6 billion kWh of electricity in 2021.
Market Analysis
Nuclear Energy will Require '€20 billion per year' Until 2050
Nuclear power will play a "fundamental role" in meeting Europe's energy demands, said EU Internal Market Commissioner Thierry Breton to French newspaper Journal…
Oil Field
ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…
Power Cable
Jan De Nul Lands Its Biggest Cable Deal for $3.6bln Middle Eastern Project
Jan De Nul and Samsung C&T consortium has secured a contract, regarded as the biggest cable installation contract in Jan De Nul’s history, to deliver an HVDC c…
Coal-Fired Power Plants
Japan's Shikoku Electric Buys 15% Stake in Coal Power Plant Project in Vietnam
Japan's Shikoku Electric Power Co Inc has announced that it had invested more than 10 billion yen to buy a 15% stake in the Vung Ang 2 coal-fired power plant pr…
Energy Investment
EGYPT: Al-Nowais to Invest $1bn in Solar and Wind Farms
UAE-based investment company Al Nowais intends to invest $1 billion to develop two solar and wind farms in Egypt.
Oil&Gas Drilling
Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent
Energy Investment
China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms
China Three Gorges Corp. plans to invest nearly 41.2 billion yuan in building three offshore wind farms in southeastern China’s Guangdong province, the state-o…
Energy Storage System
Doosan Heavy Industries & Construction to Build ESS in Australia
Doosan Heavy Industries & Construction (DHIC) announced on Dec. 15 that it will build an energy storage system worth 110 billion won in Australia along with its…
LNG
Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project
Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President…
Oil Price
Iran Bases Its 2022 Budget on $60 oil
The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.
Electric Vehicle Battery
LG Energy Solution and GM Considering Building 3rd Joint Venture Battery Factory in Michigan
LG Energy Solution and General Motors of the United States are considering investing US$2 billion to build their third joint venture battery cell plant in the U…
Electric Car
EU Approves €3 billion Spanish Scheme to Support Electric Vehicles
The European Commission has approved, under EU State aid rules, a €3 billion Spanish scheme to support research, development and innovation, as well as environ…
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