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Market Analysis
European Oil Major Trading Units Provide Buffer in Rough Second Quarter
The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fue…
Hydropower Plant
Busanga Hydroelectric Power Plant Inches Closer to Completion
one of the largest hydroelectric power plant under construction in Democratic Republic of Congo is nearing completion, years after work started. Construction of…
Nuclear Power Plant
NPCIL Plans to Construct Four New Atomic Power Units
The Nuclear Power Corporation of India (NPCIL), a public sector company, has reportedly planned to build four new nuclear power units in 2020.
Nuclear Fusion
ITER: Assembly of World's Largest Nuclear Fusion Reactor Begins
Nuclear fusion is the great hope for generating clean power. Scientists in France have started assembling an enormous international fusion reactor known by the …
Energy Transition
Mexico is Among the Countries Where Solar and Wind Energy Energy are more Cheaper
The Inter-American Development Bank and the International Labor Organization reported that the transition to a less carbonized economy would generate 2.1 millio…
Saudi Arabia
MENA Fund to Increase Saudi Investments with Eye to Recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…
Oil Pipeline
China Starts Building Southern Part of China-Russia East Gas Pipeline
Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russi…
Sweden
Sweden Becomes Second Largest net Power Exporter for the First Time
Sweden overtook Germany to become the second biggest net exporter of power in Europe in the first half of 2020 – the first time this has happened.
Floating Offshore Wind
Floating Wind Farm WindFloat Atlantic Begins Operations
Repsol has announced that the WindFloat Atlantic floating wind farm off the shores of Portugal has started supplying renewable energy to the country’s electric…
Nuclear Fuel
New NRG Tests Could Lead to Novel Nuclear Fuels
New irradiation experiments on the behaviour of nuclear fuel have recently started in the High Flux Reactor at Petten, in the Netherlands.
Energy Investment
Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete
Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.
Aker 2Q13 Earnings Impacted by Order Delays and Cancelations
Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012
Solar Power Plant
Solar Investment is Paying Off with Emissions Reduction for Montego
Montego Pet Nutrition has reported a 300-tonne reduction in CO2 emissions after installing solar panels.
LNG
Golar to Supply LNG to Norsk Hydro Aluminum Smelter
LNG and energy firm Golar Power signed a memorandum of understanding with fellow Norwegian firm Norsk Hydro to supply LNG to its Hydro Alunorte smelter.
LNG
Chan May LNG to Build Power Project in Vietnam with $6bn Investment
US-Vietnamese joint venture Chan May LNG has reportedly planned to invest nearly $6bn in a power project in Vietnam.
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