A new report released by Wood Mackenzie states that solar module costs will continue to fall in the 2020s owing to technology innovation and lower CAPEX. Improvement in module efficiency and power class is expected to propel the declining capex trend forward and ultimately lower the solar levelised cost of …

Libya’s National Oil Corporation (NOC) announced on Monday the resumption of work at all of the country’s oil fields and ports following the lifting of a force majeure event at the El Feel oil station. “The National Oil Company announces the lifting of force majeure at the El Feel oil …

Japan will achieve zero carbon emissions by 2050, Prime Minister Yoshihide Suga declared Monday in his first policy speech as leader, outlining an ambitious agenda as the country struggles to balance economic and pandemic concerns. The policy speech at the outset of the parliamentary session reflects Suga’s pragmatic approach to …

Oil extended last week’s losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment. Brent crude was down 70 cents, or 1.7%, at $41.07 by 0353 GMT. U.S. …

“I would transition from the oil industry, yes,” Democratic presidential candidate Joe Biden said during last night’s debate with President Donald Trump in response to a question from his opponent. “Would he close down the oil industry?” Trump asked Biden, as quoted by the National Review. “Would you close down …

France’s government has asked local power group Engie, in which it holds more than 20 percent, to delay the signing of a 20-year deal worth US$7-billion to buy liquefied natural gas (LNG) from a planned export project in Texas due to concerns over gas production emissions, Politico reported, quoting sources …

Joseph R. Biden Jr.’s promise that he would “transition” the country away from oil and natural gas might hurt him politically in Texas and Pennsylvania, but it did not come as a surprise to many in the energy industry. Oil and gas executives have been keenly aware that the world …

Total SE is considering natural-gas investments in Iraq, according to the Middle Eastern nation’s government. The two sides held talks this week about projects in western Iraq and near the southern energy hub of Basra, the Iraqi oil ministry said in a statement. They hope to reach an agreement soon, …

Governor of Central Bank of Iran (CBI) wrote in his Instagram account that in order to increase the volume of the country’s foreign trade and make better use of domestic production facilities, in addition to current methods, the use of bartering oil in return for basic goods will increase. Despite …

Turkish Energy Minister Fatih Dönmez said on Oct. 22 that Turkey will operate the gas field which it recently discovered in the Black Sea on its own, but it may cooperate with foreign firms in terms of detailed work and equipment. His comments, at an interview with broadcaster A Para, …