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Nearly 20% of Scottish Firms ‘Expect to Reduce Operations Due to Rising Energy Prices’
One-in-five businesses in Scotland expect to reduce operations this year due to the increase in energy prices.
Hydropower Plant
Investments in Hydro Set to Increase in 2022 Says New Research
Hydropower capacity in 2022 is set to exceed 1200GW and investments will climb to $36.3 billion, new research from Rystad Energy has suggested, with hydro set t…
Offshore Wind Power
UK to Hold Yearly Contracts for Difference Auctions from 2023 Onwards
The UK government will increase the frequency of auctions for funding through the Contracts for Difference (CfD) scheme to every year rather than every two year…
Energy Transition
Global Corporates Increase Renewable Energy Acquisition by 24%
Corporates bought 24% more renewable energy capacity in 2021 compared to 2020, according to a new report released by BloombergNEF.
Solar Company
Solar Energy UK Calls for Long-Term Structural Reforms in Response to Price Cap
Solar Energy UK has called for long-term structural reforms to accelerate the growth of renewables in response to the increase in the energy price cap.
Oil & Gas Supply
Opec+ Agrees 400,000 b/d Hike for March
Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.
Crude Oil
China’s November Base Oil Imports Rise
China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Crude Oil
Guyana’s Oil Production To Increase Three-Fold Next Month
Exxon plans to begin oil production from a second platform offshore Guyana next month
Hydropower Plant
Downing Renewables Expands Swedish Hydro Portfolio with Two Deals
Downing Renewables and Infrastructure Trust Plc is spending around EUR 25 million to acquire two operational hydropower portfolios in Sweden, increasing to 157 …
Electricity Trade
Oman Launches First Middle East Electricity Spot Market
Oman has formally launched an electricity spot market, the first in the Middle East, to increase the efficiency of power procurement, the state news agency said…
Net Zero Emission
Chinese Companies Employ a Green Trend in Turkey
An increasing number of Chinese companies are operating in Turkey in the energy, construction and transportation fields in recent years with win-win cooperation…
Market Analysis
EIA Forecasts US Fossil Fuel Production to Reach New Highs in 2023
After declining in 2020, the combined production of US fossil fuels increased by 2% in 2021 to 77.14 quadrillion British thermal units.
Crude Oil
Norway Recorded Higher Oil & Gas Output in December
Norway’s oil and gas production increased in December 2021 when compared to the previous month but it was slightly below predictions made by the Norwegian Petr…
Solar Power Plant
Researchers Publish Details of Solar Panel Water Cooling Mechanism
An experimental water-cooling system increased system efficiency at high temperatures.
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