Baker Hughes BKR, -0.86% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 189 this week. The increase followed an increase of 4 oil rigs in the previous week. The total active U.S. rig count, meanwhile, was up 5 to 266, according …

Lithium producers do not feel threatened by Tesla’s plan to produce lithium in Nevada. Miners, as well as analysts, believe that despite the recent drop in lithium prices, the industry is in for a supply shortage after 2025 as automakers significantly ramp up electric vehicle (EV) production. Massive amounts of …

There is a new emerging trend in renewable energy with a rather idyllic sounding name: energy communities. These communities are designed as a model for the brave new world of producer-consumers–individuals that not only take energy from the grid, but feed back into it via their personal energy production devices, …

Going digital has been on the agenda of oil companies for quite some time. They have, however, been taking their time, testing the digital waters before diving in. That was then. Now, oil companies are in a rush to digitize. Energy companies’ investment agendas were just one more thing that …

The OPEC+ alliance has 2.375 million b/d of so-called “compensation cuts” due to make up for previous overproduction in violation of quotas, but not all members have submitted plans to implement the extra reductions, according to an internal document seen by S&P Global Platts. Of the 13 OPEC+ members required …

U.S. oil output rose 538,000 bbl/d in July to 10.984 million bbl/d, up from 10.446 million bbl/d in June, the U.S. Energy Information Administration (EIA) said in a monthly report on Sept. 30. Oil production fell in March, April and May as U.S. crude producers were reeling from falling prices …

Iran’s crude steel production reached 18.625 million tons in the first eight months of 2020 to register an 11.3-percent increase year on year, Mehr news agency reported. The country’s steel output stood at 16.739 million in the previous year’s same eight months. The increase in the Iranian steel production comes …

Chinese PV manufacturer Jetion Solar has announced completion of what it called the world’s highest-altitude, large scale solar-plus-storage project. Built in Gangba county, in Xigaze, Tibet, the 40 MW/193 MWh facility sits more than 4,700m above sea level and receives more than 3,200 hours of sunlight per year, according to …

Solar PV is to become Europe’s leading source of power within the next five years, International Energy Agency (IEA) chief Fatih Birol has said. Speaking at SolarPower Europe’s SolarPower Summit, held virtually this year, Birol, executive director at the IEA, teased new details to be released in this year’s World …

Baker Hughes has announced an order to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG ‘mega trains’, representing 33 million tpy of additional capacity, which will increase Qatar’s total LNG production capacity from …