News & Press Releases
News & Press Releases
Non-Hydropower Share In South Korea Electricity Sees Growth
Despite government efforts to cut their targets, non-hydropower renewables are estimated to experience the fastest growth in their contribution to South Korea's electricity share and reach 46 gigawatts in 2032.
According to a report by Fitch, based on the forecast...
News & Press Releases
Historic Move By Norway To Plan Offering 92 Oil & Gas Blocks
Norway on January 24 expressed that it plans to offer energy companies a record number of blocks in the Arctic for oil and gas exploration. The fact is that the Scandinavian country is looking to prolong its hydrocarbon production....
News & Press Releases
Not Anymore New Oil & Gas Exploration Deals In Columbia
The Colombian government has decided to forego awarding new contracts for oil and gas exploration and instead focus its financial resources on developing the tourism industry and other energy sources.
Gustavo Petro, president of Colombia, was elected in August after...
News & Press Releases
For Clean Energy Tech EU Brings Green Deal Industrial Plan
The European Union (EU) has brought to the fore its intention for the Green Deal Industrial Plan, a support program for clean energy technologies, including energy, which is modelled like the Inflation Reduction Act.
Ursula von der Leyen, president of...
News & Press Releases
Licencing Bids For UK Oil & Gas Exploration Sees An Increase
For its most recent round of oil and gas licencing and priority blocks, those with the potential for quick development, the UK has attracted 115 bids, which could be chosen as early as April.
931 North Sea tracts were offered...
News & Press Releases
Solar Energy To See Highest Growth Among US Power Generation
In the next 3 years, solar will comprise the majority of the high-probability additions to utility-scale power generation capacity across the US.
The prediction is based on the information released by the Federal Energy Regulatory Commission (FERC). As far as...
News & Press Releases
Thanks To IRA, US Renewables Investment To Surpass $100bn
The flagship legislation, the Inflation Reduction Act, which is focused on speeding up decarbonization in the US, will push the annual renewables investment from $64 billion to almost $114 billion by 2031, as per a recent report. Boom Time:...
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