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Commission Outlines Plan for EU Financing Mechanism to Support New Renewable Energy Projects
The Commission has this week opened a four-week public consultation for feedback on draft rules to establish a new EU financing mechanism to support renewable e…
Oil & Gas Trade
McDermott Wins Contract for LPG Spheres in Caribbean
A McDermott International subsidiary, CB&I Storage Solutions, has been awarded a contract for four storage spheres of liquefied petroleum gas.
EU Energy Ministers must Phase Out Fossil Gas and Improve Their 2030 Plans
EU energy ministers have discussed sector integration as well as the state of play of the National Energy and Climate Plans (NECPs).
Nuclear Power Plant
COVID-19 Won't Delay Barakah Nuclear Plant, Says ENEC
ENEC says that the UAE Peaceful Nuclear Energy Program has and will continue to power the future social and economic growth of the nation.
LNG
Nuclear Power to Be Replaced with LNG, Renewable Energy Powers
The South Korean government is planning to reduce the number of nuclear power plants in South Korea to 17 and halve the number of coal power generators to 30 by…
SINOPEC
Sinopec Puts China's Largest Petrochemical Port into Operation
China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Reno…
Supply of Equipment and Electrical Materials to the Municipal institutions
Tender are Invited for Supply of Equipment and Electrical Materials to the Municipal institutions in Raanana
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
Pole-mounted & platform mounted distribution transformers
Tenders are invited for Pole-mounted & platform mounted distribution transformers
Solar Technology
Opes Solutions Supplies Solar Technology for Improved Safety in Ports
The patented ‘LifeLadder’ is an innovative safety feature for quay walls and is currently installed in the industrial ports, city wharfs and marinas of more…
US Treasury to Tweak Tax Credit Deadlines for Renewables Projects
A concise three-sentence letter sent by the U.S. Treasury Department on Thursday suggests relief may be on the way for a renewables industry concerned about m…
Crude Oil
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…
Energy Storage Project
Energy Storage Pilot Project Seeks To Provide 1 MW Continuously For 150 Hours
Energy storage company Form Energy said it signed a contract with utility Great River Energy to jointly deploy a 1MW/150MWh pilot project.
Market Analysis
Uzbekistan Plans Route to Cleaner Electricity Mix
Uzbekistan's Ministry of Energy has published a detailed 'Concept Note' outlining its strategy on electrical generation to the year 2030.
Market Analysis
Significant Pick-Up in Demand for Energy Storage Projects in Q1 Financial Results
At energy solutions company Alfen, quarterly revenue rose in all three of its business units.
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