News
2022, June, 22, 09:50:00
GERMANY NEED COAL
The plan includes increased reliance on coal-fired generation, an auction system to incentivise lower consumption in industry and €15bn in credit lines via the state-owned investment and development bank KfW for the country's gas market operators to fill gas storage facilities faster.
2022, June, 22, 09:45:00
OPEC+ ZERO PRODUCTION
The final boost will come in August. By then, OPEC+ will be running out of spare production capacity.
2022, June, 22, 09:40:00
QATAR LNG DEVELOPMENT
Qatar Energy (QE) has selected Eni and ConocoPhillips to partner on the 32 Mt/year North Field East (NFE) LNG project in Qatar.
2022, June, 22, 09:35:00
EUROPEAN NUCLEAR FOR SPACE
Possible uses of the technology, beyond rockets, include establishing a permanent base on the moon, and the technology could be adapted to provide power in "challenging environments on Earth,
2022, June, 22, 09:30:00
BRITAIN'S FUSION DEVELOPMENT
The Office of Nuclear Regulation is responsible for the regulation of the safety and security of nuclear installations in the UK. However, fusion reactors are not prescribed installations for the purposes of the Nuclear Installations Act 1965.
2022, June, 22, 09:25:00
BRITAIN'S NUCLEAR HYDROGEN
A single nuclear power plant has the potential to generate enough hydrogen to decarbonise the heating of one million homes or 40,000 hydrogen buses from a site no more than a few square miles in size, with technology that is available today.
2022, June, 22, 09:20:00
SWEDEN WIND ENERGY 2.8 GW
The Vidar and Poseidon projects, located off Sweden’s west coast near Gothenburg, will primarily consist of floating wind turbines and will be able to generate 10.5 TWh/year of electricity when fully developed.
2022, June, 22, 09:15:00
PHILIPPINES RENEWABLE 2 GW
The Philippines has held its first renewable auction, offering a total capacity of 2,000 MW.
2022, June, 21, 15:05:19
OIL PRICE: BRENT ABOVE $115, WTI ABOVE $110
Brent rose $1.23, or 1.1%, to $115.36 a barrel, WTI rose $1.57, or 1.4%, to $111.13.
2022, June, 21, 15:00:00
OPEC OIL PRICE: $113.54
The price of OPEC basket of thirteen crudes stood at $113.54 a barrel
2022, June, 21, 14:50:00
CHINA'S LPG UP
The US remained China's biggest LPG supplier, sending 648,155 mt in May, but the volume dropped by 13.8% month on month, and fell by 16.3% year on year, customs data showed.
2022, June, 21, 14:45:00
RUSSIAN OIL FOR S. KOREA DOWN
Although there are still some Russian crude supplies tied to quarterly and half-yearly term contracts, South Korea will eventually halt Russian oil purchases
2022, June, 21, 14:40:00
NETHERLANDS NEED COAL
The capacity limit for three coal-fired power plants in the Netherlands only started Jan. 1, with the hopes of ending their production by 2030.
2022, June, 21, 14:35:00
NUCLEAR SMR INSTEAD OF COAL
Several countries are now eyeing a strategy for using nuclear power that could reduce their reliance on fossil fuels over the coming years: installing small modular reactors (SMRs) on or near the site of retired coal fired plants.
2022, June, 21, 14:20:00
SAUDI ARABIA, EGYPT INVESTMENT $7.7 BLN
The agreements cover a range of sectors, including renewable energy, green hydrogen, pharmaceuticals and e-commerce