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Energy Storage System
Energy Storage to Surge to 89GW by 2040 Across Major European Markets
Energy storage systems look set to win out over other flexibility providers, as solar and wind generation continues to soar.
Geothermal Power Plant
Daldrup & Söhne AG Successfully Drills Production Well for Geothermal Heating Plant Project in the Netherlands
The drilling technology and geothermal energy group Daldrup & Söhne has successfully drilled the first well of the triplet for Aardwarmte Combinatie Luttelgees…
Trice Resigns as Hurricane Energy Chief Executive
Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.
Market Analysis
Long-Term Forecasts Predict China's Move Toward Decarbonisation
A scientific paper has forecast China’s long-term energy future, showing how the economic giant would change in different scenarios.
Oil Price
Oil Advances Above $43 after OPEC+ Extends Production Cuts
Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Wind Farm
Iberdrola's CAVAR Wind Power Complex Begins Operations in Spain
Spanish electric utility company Iberdrola has started operations of its CAVAR wind power complex in Navarra, Spain.
Toyota to Launch Hydrogen Fuel Cell Venture with Chinese Auto Firms
Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
Coal Production
Coal India Output Falls 11 pc to 41 MT in May
State-owned Coal India Ltd reported 11.2 per cent decline in production at 41.43 million tonne in May.
Energy Technology
Clean Tech Could Cut Fossil Fuel Profits by Two-Third: Carbon Tracker
A new international report on Thursday showed how falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly…
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Crude Oil
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…
Offshore Wind Power
Iberdrola, Enea Eye 3.3 GW Polish Offshore Wind Tie-Up
Spanish power utility Iberdrola SA (BME:IBE) and Polish sector player Enea SA (WSE:ENA) have signed a letter of intent (LOI) to jointly develop up to 3.3 GW of …
Clean emission
Shell Selects Bureau Veritas to Reduce Emissions from Global Operations
Global energy company Shell has signed a deal with technology and certification services firm Bureau Veritas for the provision of solutions to help the company …
Crude Oil
US Refiners Spread Out Heavy Maintenance Plans
Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.
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