Tag Archives: International

Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year, the International Energy Agency said on Wednesday. The world is set to build fewer wind turbines, solar plants and other …

On 20 April 2020, West Texas Intermediate (WTI) futures experienced unprecedented developments. WTI contract prices for delivery in May dropped to below zero.

The Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts – the Iran Petroleum Contract (IPC).

World oil prices are going up on Tuesday, and trading data attest to this. Accordingly, the WTI oil futures for June rose 2.29 percent to $32.55 a barrel, RT reported. And the Brent oil futures for July supplies increased 0.60 percent to $35.02 a barrel.

The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe.

The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Lockdowns to stop the spread of COVID-19, the flu-like infection caused by the virus, have …

Under the project, three new wind facilities could generate savings of $2 billion in the course of their lifetime.

The new multi-million-pound facility will be the onshore base for the Dogger Bank wind farm, which is expected to provide renewable electricity for more than 4.5 million UK homes when it is fully operational.

The Global Wind Energy Council and MEC Intelligence say the Indian wind industry will fall short of its target by as much as 10GW.

The research project will explore the potential of co-locating wave power technology with floating wind turbines.