Ukraine thermal power plant rebuild bill to top €250m in 2024
The bill to rebuild Ukraine’s thermal power plants (TPPs) will be an estimated €250m this year, according to a DTEK winter energy update. Delivering a ‘call to action’, following an…
‘PoWer’ consortium explores hydrogen for construction and agriculture
Efforts to decarbonise heavy-duty and off-road machinery have gained momentum as Purem by Eberspaecher collaborates with leading manufacturers and institutions in Germany on the “PoWer” project. The initiative, backed by…
KfW approves €24bn loan for Germany hydrogen network
KfW Development Bank has approved a €24bn loan to support the construction of Germany’s national hydrogen core network. The ambitious 9,040km link, which aims to be completed by 2032, will…
Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says
Market circumstances are not supportive of production-cut unwinding. That’s what analysts at Standard Chartered Bank, including the company’s head of commodities research Paul Horsnell, said in a report sent to…
OPEC’s Dilemma – Another Year of Oil Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront the unpalatable choice: continue to curb oil-supplies well into 2025, or risk a renewed price slump. With oil demand slowing in China…
Suncor achieves record crude output from Alberta Firebag oil sands site
(Bloomberg) – Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief…
We’re on the Brink of Major Shifts in Oil Market, Rystad Oil Head Warns
We’re on the brink of major shifts in the oil market, driven by the potential return of a protectionist Trump 2.0 era and an outward-looking, expansionist China 3.0 moving beyond…
University of Oklahoma awarded $18.7M grant by DOE for subsurface carbon storage
A team of researchers from across the University of Oklahoma Mewbourne College of Earth and Energy, Los Alamos National Laboratory, with industry partners, have been awarded an $18.7M grant from…
Natural Gas Is Surging Again
Natural gas is surging again as winter storms seek to disrupt the Thanksgiving travel holiday, Phil Flynn, a Senior Market Analyst at the PRICE Futures Group, told Rigzone. “On top…
Fives and Waga Energy partner to advance biomethane tech
Fives and Waga Energy have signed a collaboration agreement to advance the deployment of WAGABOX, which transforms landfill gas into biomethane – a renewable alternative to fossil natural gas. Industrial…
