NASA and the U.S. Department of Energy will seek proposals from industry to build a nuclear power plant on the moon and Mars to support its long-term exploration plans. The proposal is for a fission surface power system, and the goal is to have a flight system, lander and reactor …
Read More »Libya’s Ramped-Up Oil Output Throws another Wrench at Oil Prices and OPEC’s Plans
A truce in Libya has busted open a renewed source of oil supply, further threatening the commodity’s faltering recovery from its historic drop earlier this year. Libya’s main warring factions signed a purportedly permanent truce last week, roughly one month after a blockade on the country’s oil exports by one …
Read More »IEA Sees Lower Oil Demand in 2020, 2021 on Upsurge of Coronavirus Cases and Stalling Mobility
The International Energy Agency lowered its global oil demand forecasts for the first time in several months on Thursday, as the number of Covid-19 infections remains high and amid ongoing weakness in the aviation sector, reports CNBC. In a closely-watched monthly report, the IEA said it now sees global oil …
Read More »Indian Firm to Invest $6 Billion in Solar Power as Country Targets Lofty Renewable Energy Goals
The newly announced agreement will see Adani Green Energy Limited develop 8 gigawatts of solar power.
Read More »The U.K. will Soon Be Home to Its First Consumer-Owned Wind Farm
The one turbine, 2.5 megawatt facility will be based in Wales and is set to come online next year.
Read More »How Wind Turbines are Changing
Wind turbines are growing in size and productivity thanks to advances in technology.
Read More »New Jersey Could Soon Be Home to a Major Offshore Wind Port, with Construction Due to Begin Next Year
The plans for New Jersey represent another step forward for America’s fledgling offshore wind sector.
Read More »IEA Outlines $3 Trillion Green Recovery Plan for World Leaders to Help Fix the Global Economy
The IEA’s Birol stressed in the report that the plan was not intended to tell governments what they must do; instead, it seeks to show them what they can do.
Read More »BP Outlines How Quickly Global Carbon Emissions Would Need to Fall to Reach net Zero by 2050
The Intergovernmental Panel on Climate Change has said the world must cut carbon emissions to reach net zero by 2050 in order to limit global warming to 1.5 degrees Celsuis.
Read More »Oil Will Hit $100 in Around 18 Months
The oil price has been predicted to hit $100 per barrel in around 18 months. The oil price will hit $100 per barrel in around 18 months. That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed. “I actually believe that in, …
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