The Saudi Power Procurement Company (SPPC) has launched a tender to procure 4.5 GW of solar and wind energy projects across Saudi Arabia.

Россия планирует до 2050 года сохранять полку добычи нефти на уровне 540 млн тонн в год, заявил первый заместитель министра энергетики Павел Сорокин на полях РЭН.

Russia is now at a crossroads between a “soft” and “hard” economic landing next year,

Energy ministry expected Russia to produce 540 million metric tons of oil in 2030 (10.8 million barrels per day), up from 531 million tons in 2023.

«С учётом значимой роли стран БРИКС на глобальном энергетическом рынке очевидно, что мы заинтересованы в стабильном развитии мировой энергетики, свободном движении капитала, технологий и глобальной энергетической безопасности», – подчеркнул Глава российского энергетического ведомства.

Brent increased 51 cents, or 0.71%, to $72.49 a barrel, WTI added 43 cents, or 0.63%, to $68.61 a barrel.

The independent DEFRs do not require the availability of surplus renewable electricity. In fact, the independent DEFRs would not require the existence of intermittent renewable generation to support a reliable grid. They effectively render the renewable generators redundant; and, redundancy is expensive.

When you shackle the most cost effective and scalable source of energy, fossil fuels, and you subsidize unreliable solar and wind, that wouldn’t otherwise be competitive, energy necessarily becomes more expensive, less reliable and less secure. So again, it’s very simple.

Ultimately, an all-in-one Grid-Edge DERMS solution provides a lower-cost alternative to programs that are siloed, while also creating additional layers of complication for program managers and customers alike.

In a market characterized by increasing competition and volatility, investing in advanced analytics and machine learning technologies is essential for improving the buying (bids) and selling (offers) in the market.

The smart grid market is undergoing rapid transition. The power distribution utilities, technology providers and system integrators are exploring smarter ways to exercise choices in the use of distributed energy resources and take control of the electricity distribution systems.

Africa's oil and gas industry holds immense potential, with several countries emerging as key players in both production and future exploration.

Вице-премьер назвал приоритетными темами для взаимодействия России и ФСЭГ сотрудничество в научной и аналитической области, наращивание технологического партнёрства в сфере газохимии, создание газового банка развития и сети научно-исследовательских центров по всему миру.

Inner Mongolia, which leads China in coal production this year, already has 88 gigawatts of wind and solar capacity, with another 170 gigawatts in the pipeline. That’s a combined total that would dwarf the power fleet of Germany.

Amid the lower projections, the department said, "India remains the key export destination for Australian metallurgical coal along with Japan, with volumes remaining relatively stable for both."

Global oil demand is now expected to grow by 0.9 to 1.2 million barrels per day (mbpd) in 2024, down from previous estimates of 1 to 1.3 mbpd, as per the poll.

"We can live through any price," Novak told Al Arabiya News in an interview published on Monday.

With the platform, Türkiye will launch the second phase of production at the Sakarya Gas Field, Energy and Natural Resources Minister Alparslan Bayraktar said on Friday.

What many aren’t aware of is that Russia remains one of the continent’s most important energy suppliers, and the European Union’s goal to end its dependence on Russian fossil fuels by 2027 will be hard to achieve.

Brent edged up 7 cents, or 0.1%, to $71.77 a barrel, WTI gained 8 cents, or 0.12%, to $68.25.