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 …
Read More »Steel Industry in Full Swing
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 …
Read More »The World’s Highest Utility-Scale Solar Plus Storage Project
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 …
Read More »IEA: Solar to Top Europe’s Power Generation Charts by 2025
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 …
Read More »Qatar Petroleum Contracts Baker Hughes
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 …
Read More »China to Launch Country’s Largest LNG Terminal in 2022
China is set to build its largest import liquefied natural gas (LNG) terminal with operations slated to start in 2022, state media CCTV reported. According to the broadcaster, the LNG “reserve base” will be located in the Jiangsu province, eventually featuring 20 million tonnes per annum (Mtpa) importing capacity. During …
Read More »Iran, Belarus Explore Ways for Developing Energy Coop.
Islamic Republic of Iran and Republic of Belarus explored avenues for broadening and developing bilateral cooperation in the field of energy. Iranian Ambassador to Belarus Saeed Yari met and held talks with Viktor Karankevich Energy Minister of Republic of Belarus in Minsk on Wed. In this bilateral meeting, the two …
Read More »Hydrogen, A Low Carbon Energy Source of the Future
It’s official: The big hydrogen techlash is now history. For decades, there was an undeniable and growing animus towards anything hydrogen by the investing universe, with the technology relegated to niche corners of the market, such as material handling and emergency power backup. Hydrogen technology was considered too costly and …
Read More »Total Sees Oil Demand Peaking around 2030 as World Goes Green
Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030. While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was …
Read More »Iran, Russia, Kazakhstan, Turkmenistan Agree to Form Joint Shipping Line
A shipping line will be established between the Islamic Republic of Iran, the Russian Federation, Kazakhstan, and Turkmenistan as agreed by the relevant authorities of the four countries, an Iranian official announced. Deputy CEO of Iran’s Ports and Maritime Organization for Ports and Economic Affairs Farhad Montaser Koushari said that …
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