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Crude Oil
Venezuela's Oil Exports have Plunged
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…
Geothermal Power Plant
Geothermal Project at Lakelse Lake in BC, Canada Clears Exploration Milestone
The geothermal project by Kitselas Geothermal Inc. has cleared a major exploration milestone and is looking now for more funding from government sources.
Solar Power Plant
15GW Wind-Solar Hybrid Power to Come Online in India: Report
SECI intends to set up 5GW wind and solar projects for the next 10 years.
Market Analysis
Are We Witnessing the Death of Coal?
Recent figures have not been kind to the coal industry, which in many countries has been in consistent decline over the last few years.
Electricity Transmission
Slovenia's ELES to Pay EUR 49.75 per MWh for Transmission Losses in 2021
The Slovenian transmission system operator completed the auction for baseload products it would buy for the next three calendar years. ELES said suppliers offer…
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil Price
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Market Analysis
Nordic Power Price Spreads may Widen to EUR 20 – Afry
In the next few years, the price spread between different bidding areas in the Nordic market is likely to widen to an average of 20 euros /MWh.
Oil & Gas Trade
Russia to Solidify Position as World's Largest Natural Gas Exporter Over Next 5 Years
Russia is projected to continue strengthening its position as the world’s leading exporters of natural gas over the next five years as its production growth wi…
Thermal Plant
Thermal Power Plants must Shut Down Early to Meet Climate Targets, Says Study
Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met.
Power Construction
Zimbabwe's ZETDC Restores Electricity to Beitbridge West
The Zimbabwe Electricity Transmission and Distribution Company has restored power to Beitbridge West constituency where most business centres, clinics, schools …
Biobattery
Renewable Diesel Drives Growth in Biomass-Based Diesel Imports
U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, grew 26 % in 2019 to more than 27,000 barrels per day (b/d), reversing three…
Offshore Wind Power
Iberdrola to Pour up to EUR 4bn in Renewables in France
Spanish power utility Iberdrola SA plans to invest between EUR 3 billion and EUR 4 billion over the next four years.
Biobattery
UK Electricity Plant Nears Full Switch away from Coal
As the coronavirus pandemic undermines the production of cleaner renewable fuels, the UK's biggest electricity plant is close to using only biomass following a …
Market Analysis
Hydro is key to Expanding West Africa's Power Grid Flexibility
A new study has mapped the potential of solar-wind-water strategies for West Africa, a region where power grids are anticipated to greatly expand in the coming …
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