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Offshore wind expects to increase by over 25% by 2030
- By end of 2018, cumulative global offshore wind installed capacity grew to 22,592 megawatts (MW) from 176 projects
Equinor buys share asset from Shell in Gulf of Mexico
- Equinor’s expands portfolio in the US Gulf of Mexico, and produces more than 130,000 barrels of oil per day
Oil prices show slight boost on week beginning Aug. 19
- Global oil price increases after strong economic data from US last week and ongoing tension in Middle East
Global oil supply up in July 2019
- OPEC crude oil production decreases by 246 thousand barrels per day to average 29.61 million barrels per day
Equinor joins wind farm development in Argentina
- Wind farm, with a total investment estimated at around $190 million, will provide a power capacity of 120 megawatts
Oil prices fall on Wednesday with US-China tensions
- With US-China trade concerns, Brent oil falls to $58 per barrel on Wednesday
US crude oil inventories fall for w/e July 26
- Crude oil production increase by 900,000 barrels per day (bpd) to around 12.2 million bpd for week ending July 26
India leads with lowest renewable cost in Asia Pacific
- Australia’s solar power to be cost competitive against coal next year
Brent oil prices see slight fall week beginning July 29
- Oil prices fall slightly due to fear of global economic slowdown and with positive talks on Iran's nuclear deal
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Oil prices slightly, rise due to Middle East tension
- Iran's seizure of British oil tanker in Strait of Hormuz in reprisal for ship capture off Gibraltar causes oil price rise
Equinor and ptrs. discover small oil field in north sea
- Main reservoir is currently estimated to contain between 5 and 25 million barrels of oil in-place
3 banks to co-finance Turkey’s largest geothermal plant
- When fully completed next year, the largest geothermal plant’s eight units will have total installed capacity of 260 MW
Siemens Gamesa signs 94 MW wind contract in Brazil
- Company will install 27 SG 3.4-132 wind turbines to provide clean and affordable energy for Sao Francisco river region
Europe's new wind installations up in 1h19 to 4.9 GW
- In the first half of 2019, Europe invested €8.8 billion in construction of future wind farms, WindEurope data reveals
Global solar PV installations set to hit record in 2019
- Wood Mackenzie estimates that global annual solar installations will rise to around 125 gigawatts by early 2020
Top 10 wind turbine makers to spend €2.3B on R&D by 2023
- Wood Mackenzie reports shows that almost 100 new turbine models will hit the market by 2024
Siemens, Nigeria agree electrification roadmap
- Nigerian electrification infrastructure aims to provide secure, reliable and affordable electricity supply
China continues to lead global steam turbine market
- Combined-cycle and cogeneration operations increase value of steam turbine market to $36.70 billion up to 2023
Eni starts production from Western Desert in Egypt
- All new discoveries in Western Desert are contributing in excess of 15,000 barrels per day to Agiba's production
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China set to overtake Japan as world’s top LNG importer
-Japanese LNG imports will fall 12% to 72.8 million tonnes per year by 2022 while China’s imports will rise by 37.5%: WoodMac
IEA stands ready to act if needed for Strait of Hormuz
- Strait of Hormuz is vital maritime transit route for global energy trade providing transit for 20% of world's supply
Eni starts Coral Sul FLNG hull build offshore Mozambique
- Eni discovers supergiant gas resources in Coral Reservoir with estimated 2,400 billion cubic meters of gas in place
Siemens Gamesa to supply nearshore wind farm in Vietnam
- Siemens Gamesa will supply 7 SG 4.5-145 for the first phase of the No. 5 Thanh Hai wind farm project in Vietnam
Oil rig count in US falls by 5 to 779 this week
- Brent oil prices continued their upward trend on Friday as tensions between the U.S. and Iran intensify
Seasonally strong oil demand is expected in 2H19, OPEC
- Global oil demand growth is forecast at 1.14 million barrels per day for both 2019 and 2020
Global oil supply falls in June 2019
- OPEC crude oil production decreases by 68 thousand barrels per day to average 28.83 million barrels per day, data shows
China: Asia Pacific's largest energy storage mkt by 2024
- Wood Mackenzie estimates that China's cumulative energy storage capacity will hit 12.5 gigawatts by 2024
Oil prices see small decrease at week beginning July 8
- Oil prices fall slightly despite elevated tensions in Middle East
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Eni awarded new license in Ghana’s offshore fields
- Eni's current gross production totals about 70,000 barrels of oil equivalent per day
US crude oil inventories fall for for w/e June 28
- Crude oil production increases to 12.2 million barrels per day
Brent to average $69.50 in 2H19: Wood Mackenzie
- WoodMac estimates that output curbs will remain in place through 2019 and for the first quarter of 2020
Eni starts production from Area 1 offshore Mexico
- Area 1 is estimated to hold 2.1 billion oil equivalent barrels in place (90% oil) in the Amoca, Miztón and Tecoalli fields
Energia plans €3B investment in Ireland's renewables
- The investment will create 200 direct jobs and between 3,000 to 5,000 construction jobs
EBRD to finance solar project in Ukraine
- New solar plant, which is expected to be operational in 2020, will reduce 36,000 tonnes of carbon dioxide per year
Eni, Lombardy Region sign sustainability agreement
- Eni will invest over €950 million, plus another €220 million in R&D to develop circular industrial solutions in 4 years
Swiss firm BKW enables investment in 100% clean energy
- BKW is refinancing construction of various Swiss small hydroelectric power plants and wind farms in Norway and France
Turkey's lignite use down 0.15% in April
- From April's solid fuel production, lignite amounts to 6.27 million tonnes - a 0.15% month-on-month decrease
European solar installations to double over next 3 yrs.
- Wood Mackenzie reports that European total installed capacity solar capacity will surpass 250 GW by 2024
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Eni and IBM boost geological smart data interpretation
- New artificial intelligence platform will support Eni's decision-making during initial stages of exploration phase
EBRD loans €18 million for Kosovo’s first wind farm
- The wind farm will raise annual national electricity generation by more than 1.4 %
Eni launches 'Joule' energy management school in Italy
- Energy training school to enable energy access, competency and tech. will be fully active in the 2020-2021 academic year
Siemens Gamesa receives firm wind order in Taiwan
- Siemens Gamesa will install SG 8.0-167 Direct Drive offshore wind turbines at Greater Changhua 1 & 2a project
Oil prices see small increase at week beginning June 24
- Oil price rise sustained following Trump's response to Iran's downing of U.S. reconnaissance drone on Thursday
Global oil supply falls in May: IEA
- Amid fall in supply, global oil demand to grow in 2019, says International Energy Agency
Eni, Synhelion team up to produce low emission fuel
- Project will cut over 50% of emissions released in conventional methanol production
Global oil supply falls in May 2019
- OPEC crude oil production decreases by 236,000 barrels per day to 29.88 million barrels per day
Global offshore wind market to grow to €11B by 2028
- Turbine operation and maintenance costs biggest portion of around 60% of offshore wind operational expenses costs
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World's first electrothermal storage plant starts ops.
- New storage technology enables cost-effective storage of large quantities of energy
Global smart meters market set to reach $7.06bn in 2023
- Despite decline in installations, China will continue to be largest market
Global primary energy consumption grew by 2.9% in 2018
- Global primary energy consumption grew rapidly in 2018, led by natural gas and renewables
Oil rig count in US falls by 11 this week
- Number of US oil rigs reaches 789
Global gas consumption up with more US, China demand
- Natural gas demand grew 4.6%, its fastest annual pace since 2010, according to International Energy Agency's latest report
US oil output at record level
- Crude oil production rebounds to all-time high of 12.4 million barrels per day
Oil prices see decrease at week beginning June 3
- Oil prices experience losses due to US announcement of country's high level of oil production
Number of US oil rigs falls by 2 to 805
- After decrease in weekly oil rig count, crude prices rise on Friday
Amsterdam opens largest public smart charging network
- Flexpower Amsterdam is a smart network of charging stations that enables faster charging of electric cars
Morocco pursues phasing out fossil fuel consumption
- Morocco' ambitious energy transition will require scaling up of private, public investments by 2030
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Solar energy to power humanitarian hub in South Sudan
- Around 1,900 solar panels capable of generating up to 700-kilowatts of power will help people in Malakal, South Sudan
US awards $5.5 million for geothermal machine learning
- Machine learning could lead to higher success rates in exploratory drilling and greater efficiency in plant operations
Oil prices see small decrease at week beginning May 6
- Oil prices experience losses due to US announcement of tariff increases on Chinese goods
Siemens Gamesa receives order for 43 turbines in Canada
- The order includes 43 SG 4.5-145 turbines with a flexible rating of up to 4.8 megawatts
Europe invests €27 billion in new wind farms in 2018
- Onshore wind of around 12.5 gigawatts bagged majority of announced investments last year for future new capacity
Ireland should decarbonize its energy sector, says IEA
-The power sector, out of which 65% comes from wind and solar, leads the way in efforts to decarbonize Irish energy sector
Vattenfall, SG to install powerful turbines in N. Sea
-Vattenfall and Siemens Gamesa are joining forces to deploy a total of 76, 10 MW offshore wind turbines in the North Sea
Brent oil up to $71.49 at week beginning April 15
-Crude prices show slight fall at beginning of week with low global oil demand
Brent oil up to $71.73 for week ending April 12
-Crude prices are on the rise since the beginning of 2019 as overall oil supply tightens with ongoing sanctions and OPEC cuts
Siemens G. to supply Denmark's Thorup-Sletten wind farm
- Siemens Gamesa will supply 18 wind turbines for the 77-megawatt Thorup-Sletten project in Denmark
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Vattenfall to launch pilot storage project in Berlin
- Pilot Reuter thermal power plant in Berlin will test storage of renewable energy in salt
Global crude output falls in March '19
- OPEC crude oil output tumbled by 550,000 b/d in March with losses in Venezuela, and with lower Saudi Arabian, Iraqi output
Global oil supply falls in March 2019
- OPEC crude oil production decreases by 534 thousand barrels per day to average 30.02 million barrels per day, data shows
Global energy storage market to grow 13 fold by 2024
- Wood Mackenzie estimates that energy storage will become a key technology in electricity grid system
Saudi Arabia to install more solar, wind energy by 2028
-Developers in Saudi Arabia will build 6.2 GW of wind capacity between 2019-2028, and 53 GW of PV capacity through 2024
Anadolu Agency launches energy journalism training
- Twenty reporters from Middle East, South America, Eurasia and North Africa will participate in two-week-long program
Global Wind Energy Council sees steady growth up to 2023
- GWEC Market Intelligence expects new installations for onshore and offshore of more than 55 GW each year until 2023
Global energy demand hits fastest pace this decade: IEA
- Stronger heating/cooling demand leads to greater energy growth worldwide, International Energy agency report says
Russia's Novovoronezh NPP II unit 2 reaches final stage
- Unit No. 2 at Novovoronezh Nuclear Power Plant II, equipped with the VVER-1200 reactor, is brought to minimum control power
Geopolitical shifts play key role in energy transition
- World Economic Forum report highlights major energy events in 2018
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Brent falls to $66.44 on US recession fears on Mar. 25
- Brent crude traded $66.44 at 0712GMT on Monday, and WTI registered as $58.67 at the same time
US oil stocks fall, production up for w/e March 15
- Crude production increases by 100 thousand barrels while inventories fall by 9.6 million barrels
Senvion installs tallest wind turbines in France
- Senvion installs wind turbines with a tip height of 200 meters at Les Landes wind farm for BayWa r.e. company
18.03.2019
General
Number of US oil rigs falls by 1 to 833 w/e Mar. 15
- Despite slight drop in weekly oil rig count, oil prices fell on Friday
Brent sees rise to $67.23 at week beginning March 18
- Losses in Venezuela and lower Saudi Arabian and Iraqi output brought OPEC's production in February to lowest in four years
Eni makes new gas discovery in offshore Egypt
- Thirty three meters of gross sandstone pay with good petrophysical properties found in Nour-1 well
Global oil supply falls in Feb. '19
- OPEC crude oil production decreases by 221 thousand barrels per day to average 30.55 million barrels per day, data shows
Venezuela extends public holiday over power outage
- All educational institutions, government, private offices, factories, shopping malls will remain closed Tuesday
Eni signs 'Mind the Bridge' partnership with Europe
- Eni signs up to Startup Europe Partnership (SEP) platform to help best startups emerge from local ecosystems and scale-up
Kalyon Energy CEO elected as Turkish Wind Energy head
-Turkey Wind Energy Association selects new board at its 12th General Assembly in Ankara
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Brent sees slight rise to $66.27 on Monday, Mar. 11
- Increase due to fall in number of US oil rigs
Eni, COREPLA to produce hydrogen from plastic waste
- With the agreement, Plasmix, a collective name for different plastics, will be recycled and turned into new raw material
Brent sees slight fall to $65.08 at week ending Mar. 8
- Crude oil prices show slight fall on Friday with lower Eurozone growth estimates and declines in Chinese exports
Power outage leaves much of Venezuela in dark
- Electrical outage affects approximately 22 out of total 23 states leaving much of Venezuela without power
Eni signs 3-yr. educational alliance with Italy's LUISS
- Agreement involves three collaborative programs in geopolitical training, orientation and analysis
Spain’s airport operator launches solar energy project
- Spanish airport operator, Aena will invest €250 million in renewable energy to save energy and cut carbon emissions
WindEurope elects Vattenfall chief as new chairman
- WindEurope’s Board of Directors elects Gunnar Groebler of Vattenfall as the association’s new chair
EU plastic package recycling near doubles in 2005-2016
- Despite high recycling rates, only 12 percent on average of material resources in EU in 2016 came from recycled products
Global electricity investment surpasses $500M in 2018
- Nearly $1.7 billion in cumulative disclosed investment was deployed into energy access markets up to the end of 2018