Latest news
EIB confirms €1bn to consolidate European battery industry
The European Investment Bank (EIB) has confirmed it will provide more than €1billion (£892m) in 2020 to support battery projects as part of the European Battery Alliance (EBA).
read more... 22/05/2020
Big Oil and deep water to drive offshore wind to become $1.4trn market by 2050
Worldwide construction of new offshore wind power plant is set to gear up exponentially with some 135GW of new turbines added in the coming decade en route to a 600GW market worth $1.4trn by 2050, as the industry wades out into deeper waters and heavily capitalised players, led by the oil operators, ramp up spending, according to the latest research from IHS Markit.
read more... 15/05/2020
Global clean power growth hits milestone in 2019
Renewable energy generation increased last year for the first time by more than a rise in global energy demand, though growth remained too slow to hit climate targets, an industry group said on Monday.
read more... 21/04/2020
Russia To Cut 1 Million Barrels Per Day, But Under One Condition
Russia may be willing to reduce its oil production by as much as 1 million bpd, or a little under 10 percent of its March average but only if the United States joins the cuts, Bloomberg has reported citing sources it said were familiar with the dominant sentiment in the industry.
read more... 07/04/2020
Oil Price Crash Could Wipe Out $131 Billion In New Projects
The double supply-demand shock in the oil market could lead to companies deferring as much as $131 billion worth of oil and gas projects slated for approval in 2020, with everyone in the industry--from Big Oil to the small players--is feeling the pain of the oil price crash and looks to weather the storm.
read more... 25/03/2020