News
2021, April, 12, 09:55:00
INDIA'S COAL RECORD
India has stockpiled a record 132 million tonnes of coal – enough to run India’s power plants for two months – greatly exceeding the average of the previous five years,
2021, April, 12, 09:50:00
IRAN, U.S. TALKS
Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.
2021, April, 12, 09:45:00
U.S. THERMONUCLEAR PLASMA
TAE Technologies, the California, USA-based fusion energy technology company, has announced that its proprietary beam-driven field-reversed configuration (FRC) plasma generator has produced stable plasma at over 50 million degrees Celsius.
2021, April, 12, 09:40:00
U.S. GRID MODERNIZATION
The answer lies, at least in part, in focusing on grid modernization, including the expansion of transmission capacity, increased use of energy storage systems, microgrids and digital solutions, and the adoption of a more coordinated national policy to make this possible.
2021, April, 12, 09:35:00
SAUDI ARAMCO INVESTMENT $12.4 BLN
Upon closing, Aramco will receive upfront proceeds of around $12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally.
2021, April, 12, 09:30:00
U.S. RIGS UP 2 TO 432
U.S. Rig Count is up 2 from last week at 432, Canada Rig Count is down 11 from last week to 58
2021, April, 9, 11:25:00
OIL PRICE: NEAR $63 YET
Brent edged down 12 cents, or 0.2%, to $63.08 a barrel. WTI was at $59.59 a barrel.
2021, April, 9, 11:15:00
CHINA'S INDEXES DOWN
The blue-chip CSI300 index fell 1.5% to 5,035.34, while the Shanghai Composite Index eased 0.9% to 3,450.68.
2021, April, 9, 11:10:00
UAE HYDROGEN FOR JAPAN
Japan's Ministry of Economy, Trade and Industry on April 8 signed a memorandum of cooperation with the UAE's Ministry of Energy & Infrastructure to jointly consider developing an international hydrogen supply chain with an eye to supply the fuel to Japan.
2021, April, 9, 11:05:00
SAUDI'S RENEWABLE INVESTMENT $16 BLN
The Kingdom wants to increase the generation capacity of renewable energy sources to about 58.7 gigawatts by 2030, of which 40 gigawatts (GW) would be from solar and 16GW from wind energy and the balance coming from other renewable energy sources,
2021, April, 9, 11:00:00
NORWAY'S FUND RENEWABLE INVESTMENT €1,375 MLN
Norges Bank Investment Management will pay 1,375 million euros for its 50 percent interest in the offshore wind farm. No external debt financing will be involved in the transaction.
2021, April, 8, 12:10:00
OIL PRICE: NEAR $63 AGAIN
Brent fell 51 cents, or 0.8%, to $62.65 a barrel. WTI fell 53 cents, or 0.9%, to $59.24 a barrel.
2021, April, 8, 12:00:00
SUSTAINABLE NUCLEAR INVESTMENTS FOR EUROPE
Scientific assessments have made clear that nuclear energy is needed to address the related causes and the challenges ahead of these disruptions. Despite this, the limited recognition this low carbon, dispatchable energy source receives from the European Commission is at best paradoxical, and certainly counterproductive.
2021, April, 8, 11:55:00
CANADA'S SUSTAINABLE ENERGY INVESTMENT $18 BLN
The new group, Sustainable Energy Group (SEG), will combine Energy & Resources (E&R) and Power & Renewables (P&R) groups and have about $18 billion in assets.
2021, April, 8, 11:50:00
UAE NUCLEAR DECARBONISATION
A little more than a decade ago, the UAE made a firm commitment to become the first Arab nation to develop a peaceful nuclear energy programme.