News
2024, March, 5, 06:45:00
OPEC+ OIL WILL DOWN
Ample supplies have anchored international oil prices near $80 a barrel this year, even as conflict in the Middle East disrupts regional shipping.
2024, March, 5, 06:40:00
GLOBAL NET ZERO FAIL
The reality is that large-scale wind and solar power cannot exist without large-scale, long-term low-cost energy storage. There is no technology that can provide this.
2024, March, 5, 06:35:00
GLOBAL HYDROGEN ENERGY TRANSITION
But there has been no organized market for hydrogen. That is the mission of the new consortium. It will be funded initially by the DOE, which has allocated $8 billion for hydrogen and pledged about $1 billion each to the seven hubs — some get a little more and some a little less. The remaining funding is available to the consortium for market creation.
2024, March, 5, 06:30:00
VIRTUAL POWER PLANT INVESTMENT $100 MLN
Google, long interested in clean energy and conservation, is spinning out its Google Nest Renew business and Sidewalk Infrastructure Partners (SIP) is combining it with OhmConnect to create a new company in which SIP will make an initial $100 million investment.
2024, March, 5, 06:25:00
S.KOREA NUCLEAR DEVELOPMENT $3 BLN
South Korea has 25 nuclear power reactors with a total capacity of 24.7 GWe at the end of 2023. According to the state-run utility Korea Hydro & Nuclear Power, in 2022, these plants generated nearly 30% of all electricity, up from 23% in 2018.
2024, February, 28, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI ABOVE $78
Brent fell 30 cents, or 0.36%, to $83.35 a barrel, WTI dropped 28 cents to $78.59 a barrel.
2024, February, 28, 06:55:00
GLOBAL RUSSIAN ENERGY & SANCTIONS
Deputy Prime Minister and OPEC+ envoy Alexander Novak drove home the official line that sanctions make Russia stronger when he said in October, referring to the redirection of exports, "the main consumption of energy resources will in future be in [the Asia-Pacific] region... We would have to do this anyway. We just sped up a bit."
2024, February, 28, 06:50:00
FRENCH BULGARIAN NUCLEAR COOPERATION
According to the French Economy Ministry: "This cooperation will concern, among other things, the nuclear construction programmes envisaged in the two countries, the analysis of new technologies such as small modular reactors or advanced technology reactors, the development of a European supply chain, the fuel cycle, nuclear power and the strengthening of nuclear training courses within the two countries."
2024, February, 28, 06:45:00
QATAR LNG WILL UP
Qatar’s push highlights the importance of gas for the country. Exports of the fuel are the country’s biggest revenue earner which has already made it one of the wealthiest countries and helped boost its global clout since it started shipments about two decades ago.
2024, February, 28, 06:40:00
DIGITAL ENERGY TRANSFORMATION
Digitalization in the energy sector entails automating business processes and workflows, resulting in increased efficiency and cost reduction.
2024, February, 28, 06:35:00
TEXAS ENERGY GREED
If the Texas Supreme Court over rules the decision of the Texas Court of Appeals, what precedent will be set across all energy markets?
2024, February, 28, 06:30:00
VIETNAM HYDROGEN ENERGY STRATEGY 2050
The Ministry of Industry and Trade (MoIT) held a conference in Hanoi on February 22 to deploy Vietnam's hydrogen energy development strategy to 2030 with a vision until 2050.
2024, February, 26, 07:00:00
OIL PRICE: BRENT ABOVE $81, WTI ABOVE $76
Brent fell 35 cents, or 0.4%, to $81.27 a barrel, WTI declined 35 cents, or 0.5%, to $76.14 a barrel.
2024, February, 26, 06:55:00
RUSSIAN LNG FOR CHINA
The US placed Arctic LNG 2 under direct sanctions in November, in effect blocking its allies from buying the project’s gas when it starts production. The move followed an EU ban on the transfer of LNG-related technology to Russia in April 2022, two months after Moscow launched its full-scale invasion of Ukraine.
2024, February, 26, 06:50:00
CHINA SEEKING LNG
The interest in additional supplies from China — the world’s biggest LNG importer — is emerging after a drop in spot prices made the fuel more cost competitive with local gas options and oil products,