News & Press Releases
News & Press Releases
Guyana Holds Offshore Oil Auction Under New Budgetary Terms
According to the vice president of the South American country, Guyana, one of the world's busiest oil drilling regions, will provide 14 offshore exploration blocks under conditions that substantially raise its share of oil earnings.This week, officials approved an...
News & Press Releases
China Needs Backup As Wind And Solar To Reach Grid Parity
According to Moody's Investors Service, energy storage will be crucial in assisting China's wind and electricity sectors as they approach grid parity for future initiatives.
Based on a statement from Moody's, even though it will take some time for storage...
News & Press Releases
U.S-UAE Alliance Drives $100bn Renewable Energy Funding
The development of 100 gigawatts of sustainable energy by 2035 will be made possible thanks to a strategic collaboration that the United States and the United Arab Emirates declared on November 1st, 2022.
The Partnership for Accelerating Clean Energy (PACE)...
News & Press Releases
Order for Wรคrtsilรค’s future-proof gas engines reflects India’s shift towards cleaner power generation
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The technology group Wรคrtsilรค will supply a gas-fuelled 15.5 MW captive power plant under an engineering, procurement, and construction (EPC) contract along with a 5-year Operation & Maintenance...
News & Press Releases
Australia High Electricity Costs Need A Fix Immediately
A new government has been in power in Australia since the end of May. Anthony Albanese, the Labour Prime Minister, had previously pledged during the election campaign that his nation, which still produces 80% of its electricity from coal,...
News & Press Releases
Singapore To Regulate Fossil-Fuel Power Station Pollution
According to the minister, Singapore's energy authority will introduce new emissions requirements for fossil fuel-fired power production units in 2023 for both new and repowered facilities.
The minister of state for the ministry of commerce and industry, Low Yen Ling,ย stated...
News & Press Releases
Only Saudi Arabia Supplies More Oil To China Than Russia
China's oil imports from Russia increased by 22% in September compared to the same month a year prior, but they lagged Saudi Arabia somewhat as independent refiners increased their purchases of cheaper Russian fuel in response to low local...
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