Nevada is now hosting the largest solar plus battery energy storage system project in the United States after Primergy Solar and Quinbrook Infrastructure Partners announced that the Gemini Solar + Storage project in Clark County is now fully operational. Gemini is one of the latest such sites in the U.S. …
Read More »U.S. Oil, Gas Drilling Activity Sees Rebound
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 2 to 586 this week, compared to 669 rigs this same time last year. The number …
Read More »China’s Largest Oil Refiner Sees almost No Throughout Growth
China’s largest oil refining company, China Petroleum & Chemical Corp., aka Sinopec, processed 126.69 million metric tons of crude oil or 5.08 million barrels per day (bpd) in the first six months of the current year, good for a mere 0.1% Y/Y increase, the company has reported. That compared with …
Read More »Aramco to Buy Stake in Air Products Qudra’s Blue Hydrogen Business
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Co. (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen. Building on its …
Read More »Eni Launches a New Venture for the Development of Quantum Computing
Eni and ITQuanta have agreed to form a joint venture, Eniquantic1, with the aim of developing an integrated hardware and software quantum machine2 capable of solving complex problems (mathematical optimisation, modelling and simulation, artificial intelligence) and initiating specific and significant quantum computing applications to support the energy transition. In developing …
Read More »Egypt’s Gas Output near Six-Year Low as it Shifts to Importer
Egypt’s natural gas production has dropped to the lowest in more than six years just as a scorching summer boosts demand for the fuel. The North African nation’s output in May was near the weakest since February 2018, according to figures from the Joint Organisations Data Initiative. The decline is …
Read More »Growth in Fusion Energy Investments Slows for a Second Year
Investments in fusion energy efforts globally increased for yet another year, but the growth was slower than in the previous two years as many companies in the industry expect funding to be a major challenge in the medium term, the Fusion Industry Association (FIA) said in its annual report. The …
Read More »Turkey Ready to Expand Gas Exports to EU but Wants Demand Guarantee
Turkey is prepared to increase its natural gas exports to the European Union, provided the EU offers long-term commitments to justify the necessary infrastructure investments, Energy and Natural Resources Minister Alparslan Bayraktar said Tuesday. The EU is striving to secure alternative gas sources to replace Russian supplies that transit through …
Read More »Chinese Demand Concerns Weigh on Oil Prices
Oil prices continued to be weighed down in Asian trade on Wednesday by growing concerns about China’s economic growth and oil demand which were offsetting an estimated drop in U.S. crude oil inventories. In Asian trade, both benchmarks were dropping by around 0.2%, with the U.S. WTI Crude benchmark clawing …
Read More »Saudi Arabia Enters JVs with Chinese Solar Firms
Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom’s campaign to boost renewable power production. In the first JV, publicly-traded, China-based JinkoSolar (NYSE:JKS) has announced that it will form a joint venture …
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