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Crude Oil
ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels
ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barre…
Electricity Trade
Electricity Price Hike of up to 135 Percent Announced in BiH, Serbia
Companies in Bosnia and Herzegovina, and Serbia have received announcements from their suppliers that the price of electricity would increase as high as 70-135 …
OPEC
Opec+ Output up by 650,000 b/d in September
Opec+ output rose sharply in September, pushed higher by production recoveries in Nigeria, Angola and Kazakhstan and by a notable increase from Iraq.
Power Cable
NEC Corporation, OCC Corporation and Sumitomo Electric Industries, Ltd. Complete First Trial of Submarine Cable with Multicore Fiber
Submarine cables to feature a 4-fold increase in the number of independent data channels with the next generation of space division multiplexing technology.
LNG
LNG Binding Producers-Consumers Together in Abruptly Changing Energy Landscape
However, he warned, the industry is increasingly being challenged by policies slanted against fossil fuels, which may lead to lack of financing and investment a…
Turkey
Turkey's Energy Import Bill up 104% in August 2021
Turkey's energy import bill increased by 104% to $4.36 billion in August this year compared to the same month last year.
Power Construction
Uganda Launches Last-Mile Connectivity to Increase Electricity Access
The Ministry of Energy and Mineral Development recently handed over electricity connection accessories to Uganda’s main power distribution company, UMEME Limit…
Energy Investment
DOE Invests $27 Million in Battery Storage Technology and to Increase Storage Access
The U.S. DOE today announced $17.9 million in funding for four research and development projects to scale up American manufacturing of flow battery and long-dur…
Nuclear Reactor
Companies Sign Agreement to Increase Ukrainian Power Output
Westinghouse Electric Company and Ukrainian company NT-Engineering LLC have signed a Memorandum of Cooperation to implement maintenance optimisation and system …
Hydrogen Project
European Hydrogen Safety Increased with New Guidance Document
Hydrogen and fuel cell projects in Europe have just got a lot safer due to a new guidance document released by the European Hydrogen Safety Panel.
Cooperation case
Uzbekistan, Turkmenistan Agree to Increase Trade Turnover to 1 bln USD
Uzbekistan and Turkmenistan have agreed to increase the trade turnover between the two neighboring countries to 1 billion U.S. dollars after the Uzbek-Turkmen i…
OFFICIAL LAUNCH CEREMONY | 3RD ECOWAS FORUM AND EXHIBITION ON THE MINING AND OIL SECTORS
Niger's economy is developing rapidly as GDP growth was estimated at 6.2% in 2019 and is expected to increase to 6.5% in 2021.
Peru
Peru's Renewables Boost Output by 6% y/y in Aug
The renewables share still increased from 5.4% estimated in July, when non-hydro clean power plants generated some 259 GWh.
Market Analysis
International Atomic Energy Agency Forecasts Increase In Nuclear Power Use By 2050
The International Atomic Energy Agency expects the world's nuclear energy use to double to 792 gigawatts by 2050, from 393 gigawatts last year.
Solar Power Plant
US Solar Market Records First Price Increase in Seven Years
The US solar energy market has recorded its first price increase quarter-over-quarter and year-over-year across every market segment in seven years
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