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Siemens Energy Reports Moderate Drop in Q2 revenue
Siemens Energy has reported a decrease in revenue by 4.4%, down to €6.5bn, for the second quarter of 2021, compared to €6.78bn in the same quarter of last yea…
Nuclear Fuel
Work Starts on First Disposal Tunnel at Finnish Repository
Excavation of the first final disposal tunnel has started at the Onkalo underground used nuclear fuel repository near Olkiluoto
Wave Energy
EWP-EDF Wave Project Nears Construction Milestone
Pursuant to the engineering co-ordination permit from the Municipality of Tel-Aviv Jaffa Eco Wave Power has announced that it nears completion of the wall reinf…
Wind Power Project
Construction Starts on 103MW Serbian Wind Farm
Austrian developer Ivicom Holding has started construction on its 103MW Krivaca wind farm at Golubac, Kucevo and Krivaca in northeast Serbia, near the country's…
Electric Car
CATL Continuing to Excel in Global EV Battery Market
Market research firm SNE Research reported on May 3 that the global EV battery energy consumption volume was 47.8 GWh in the first quarter of this year, up 127 …
Hydrogen Fuel Cell
Tianjin: Construction of the First Fuel Cell Hydrogen Project Started
The project will build a hydrogen purification unit and a loading and unloading unit.
Oil Price
Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil
The world’s largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product this year if oil prices average …
Crude Oil
Oil Moves Higher On Largest Crude Draw Since January
Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30.
Crude Oil
Energy Group Total Starts Production at Angolan Oil Project
French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Th…
Wind Power Project
Global Wind Power Installations Hit Record Levels In 2020
China’s National Energy Administration reported 72 GW of installed capacity in 2020, which alone would have qualified as the most capacity added globally in a …
Market Analysis
Greece Commits to 2025 Coal Phase-Out
Greece’s Public Power Corp., the country’s biggest energy company, has announced that its coal-fired thermal power plant Ptolemaida 5 will be converted to gas…
Market Analysis
How Norway Became Europe’s Biggest Power Exporter
The world’s largest synchronous electricity network has allowed many European countries to make power trading a part of everyday grid balancing. Until now, Fra…
Coal-Fired Power Plants
Kansai Electric and Marubeni drop coal power plant plans
Kansai Electric Power and Marubeni have reportedly scrapped their plans for a 1.3GW coal-fired power plant in Japan.
Energy Storage System
Pacific Energy to Build Network Integrated Battery Energy Storage System for Fortescue Metals Group
Pacific Energy Ltd subsidiary Contract Power Australia has signed a contract to build Western Australia’s largest network integrated BESS for Fortescue Metals …
Natural Gas
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
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