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Oil Market Report: Economic Woes Hold Sway Over Geopolitics
While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices (Brent) have eased back from the most recent…
Australian Solar Could Power Singapore Within a Decade
When the 720 km power cable from Norway to the UK made landfall two years ago it was hailed as the longest in the world. Now a Singaporean renewable energy company has plans for an undersea power line five times…
ABB Delivering Digital Solutions for China to Harness Maximum Heat from the Sun
ABB is supporting the Chinese government in its efforts to produce emissions-free electricity, delivering automation control solutions at the country’s first two concentrated solar power (CSP) plants. Building on the successful delivery of power at the first 50 megawatt CSP…
Renewable Power ‘Already Cheapest Kind of Electricity in Many Countries’
Renewable power is already the cheapest source of electricity in many parts of the world. That’s the verdict from a new report published by the International Renewable Energy Agency (IRENA), which suggests the cost advantage of renewables will extend further…
Most Technologies and Sectors ‘Not Keeping Pace with Long-Term Energy Goals’
Most technologies and sectors are not keeping pace with the long-term goals of the clean energy transition. That’s according to the International Energy Agency (IEA), which suggests many types of energy asset are not adequately working towards its Sustainable Development…
Cambridge University Agrees to Explore Fossil Fuel Divestment Plan
The former archbishop of Canterbury Rowan Williams has welcomed an “urgent change” by Cambridge University, after it agreed to provide fully costed plans setting out how it could divest multibillion-pound endowments from fossil fuel corporations. The university’s management accepted a…
ExxonMobil Signs Deal to Explore 28,000 sq km in Offshore Namibia
ExxonMobil has signed a deal for new oil and gas exploration across 28,000 square kilometres in Namibia. The energy giant made the agreement with the Namibian Government and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710, 1810, 1711…