News and market reports from the energy industry: crude oil, natural gas, LNG, refining and shipping, from North America, Europe, Asia and the Middle East.
Since Aug. 1, the companies have taken back 2.2 million barrels of oil of the 23 million barrels they agreed to store in the Strategic Petroleum Reserve, or SPR, from April through June.
The official ‘switch on’ ceremony of the Dudgeon Offshore Wind Farm was attended by top company officials from all the three partner companies, government officials and other distinguished guests.
Earlier in May this year, the Sri Lankan authorities had granted approval to build 1040 MW hybrid renewable energy park in Punarin area comprising of 240 MW of wind and 800 MW of solar…
The corporation intends to adopt Public Private Partnership models in building and expanding the gas infrastructures.
Incidentally, India has laid out ambitious plans to expand renewable energy sector with goals to install 100 GW of solar energy, 60 GW of wind energy, 10 GW of bioenergy and 5 GW of…
Reports indicate that repair works scheduled to take place in early 2018 will lift Jubilee’s production levels to 120,000 barrels per day.
The country generated 21.3 gigawatt-hours (GWh) of wind energy in Q3 this year. This is notably higher when compared with the 15.8 GWh generated during the quarter prior to this.
Kuwait is fully committed to the output cuts decided by OPEC. Consequently, the country has lowered its crude production to total around 3.15 million barrels per day.
The Toronto-based Canadian Solar Inc. tops the list. The company is known for its development of high-efficiency solar panels that works in various temperatures.
The project aims to support the government’s goal to achieve the target of 175 Gigawatts (GW) of renewable energy by 2022, by installing large-scale solar parks with estimated capacity of around 100 GW.
Incidentally, the state aims to achieve 50% of the State’s electric supply to come from renewable energy sources by 2030. The State’s Energy vision also targets 40% reduction in greenhouse gas emissions by 2030…
It must be noted that the first stage of the agreement had sourced $400 million from Nigerian Commercial Banks.
Minister Khalid Al-Falih stated that the world would continue to have oil surplus by end-March next year.
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Daily news on crude oil and natural gas markets: prices and benchmarks, OPEC+ policy, inventories and strategic reserves, shipping and the Strait of Hormuz, LNG projects, refining and corporate deals.
New stories are added every business day, usually several times a day. The latest story on this page was published on 1 May 2023 02:30.
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