Total SE and Engie SA plan to build France’s largest green hydrogen facility to feed the oil company’s biodiesel plant in the south of the country from 2024, provided they get subsidies to make the project viable. Steelmakers and gasoline and biofuel producers currently make the hydrogen they need from …

Renewable energy, mostly solar and wind, are set to account for more than two-thirds of the new electricity generation capacity that the United States will install this year, the U.S. Energy Information Administration (EIA) said in its latest inventory of electricity generators on Monday. A total of 39.7 gigawatts (GW) …

U.S. crude production won’t bounce back in 2021 from last year’s fall, the Energy Information Administration forecast in its January Short-Term Energy Outlook released Tuesday. The EIA estimated that U.S. output will fall to 11.1 million barrels a day this year. Production dropped to 11.3 million barrels a day in …

Solar and wind will account for 70% of the nearly 40GW of new large-scale US electricity generating capacity that developers plan to bring into commercial operation in 2021, according to a preliminary estimate by the federal Energy Information Administration (EIA). Get the market insight you need into the global oil …

General Saeed Mohammad announced that the development project of the Ahvaz oil field as the third-largest oil field in the world and the Reshadat oil field will be carried out by Khatam al-Anbiya construction Headquarters. The development project of Ahvaz oil field as the third-largest oil field in the world …

The International Energy Agency (IEA) will later this year publish the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050. It is among a number of projects for 2021 announced by the IEA yesterday to support efforts to reach global energy and climate goals. The …

The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil production by 355,000 b/d at 33 fields. Eight projects worth $1.2 billion were signed on Jan. 11, potentially boosting oil production by …

The National Iranian Oil Company (NIOC) signed eight deals worth €1.2 billion with domestic companies on Monday for developing the country’s oil fields, Shana reported. The deals were signed in a ceremony attended by senior oil industry officials including the Oil Minister Bijan Namdar Zanganeh. The mentioned contracts were inked …

The unprecedented surge in spot LNG prices has taken Indian buyers by surprise and forced importers to stay away from spot purchases, which would potentially lead to lower throughput at some terminals, reduce gas-based power generation as well as slow consumption in other industrial sectors. With spot LNG prices hitting …

As the outlook for oil is uncertain for 2021, following a turbulent 2020, companies look toward new technologies and innovation to drive the industry forward. From Houston to Scotland, we are seeing more and more firms come up with innovative solutions for the digital transformation of oil; with some unexpected …