A total of 207 Chinese companies made the list of 2020 global top 500 new-energy enterprises this year, outnumbering the US’ 69 companies in the second spot, and Japan’s 54 companies in third, according to a report released by the China Energy Economy Research Institute at the 2020 Global Top …
Read More »Plans for England’s Tallest Onshore Wind Turbine Given Green Light
A plan to build a 150-metre tall wind turbine in Avonmouth, near Bristol, that will be able to generate enough electricity to power around 4,000 homes each year has been given the green light. Bristol City Council granted the application by Ambition Community Energy (ACE), a community interest company set …
Read More »Nissan Launches New Note with E-Power in Japan
The Nissan LEAF has a weird gas-powered cousin in Japan, and now there’s a new version. The third-generation Note, with Nissan’s sort-of-electric e-POWER system recently dropped in the Japanese market. The rest of the vehicle isn’t that different from the Versa Note we see in the US market and the …
Read More »The Energy Project Trump can’t Stop Seeks Ways to Finish the Job
Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the project to boost natural gas flows from Russia into Germany, says it’s drawing up alternatives to complete work that …
Read More »OPEC+ Likely to Roll over Its Current Production Cut at Least until End-March 2021
OPEC+ will likely decide to roll over its current 7.7m bpd production cut at least until end-March 2021, Trend reports citing UK-based Capital Economics consulting company. “However, we suspect that this view is largely priced into the market. As a result, only a larger or longer production cut would give …
Read More »BP Investing in Middle East Oil while Pledging a Renewables Shift
BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major producer in countries such as Iraq, where it operates the world’s third-largest oil field of Rumaila, the United Arab …
Read More »Russia Working on Massive Oil Project to Boost Country’s Position in Arctic
Russia’s energy giant Rosneft is developing a multibillion-dollar Vostok Oil project which is expected to bolster the country’s presence in the Arctic region and to boost the economy. Rosneft’s CEO Igor Sechin, who has met with President Vladimir Putin this week, has pledged that Vostok Oil will deliver up to …
Read More »Saudis, Russia Call for Last-Minute Talks before OPEC’s Oil Production Decision
Saudi Arabia and Russia summoned the OPEC+ alliance for last-minute talks on Saturday, just before it’s due to decide whether to delay January’s output increase. A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months longer due to lingering …
Read More »OPEC+ Monitoring Committee to Hold Consultations on November 28 Prior to Main Meeting
Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will hold informal consultations with members of the OPEC+ monitoring committee on November 28, two sources in OPEC told TASS. Those will be the last talks between members of the committee before the ministerial meeting of …
Read More »Iran Petrochemical Output to Hit 100mt/y by 2022
Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …
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