Featured News

Yotta selects Flex for manufacturing energy storage system

Yotta Energy, a solar-plus-storage solution provider, has selected Flex as its manufacturing partner for the production of its PV-Coupled energy storage system. “Following our funding announcement at...

Exxon and Chevron dip drilling activity in Permian Basin oil field

Exxon Mobil and Chevron have reduced their drilling activity in Permian Basin oil field, the top U.S. shale oil field, after dominating in the...

Corvus Energy offers leasing of Energy Storage Systems

Corvus Energy is offering a global lease financing product in association with Viridis Kapital targeting the shipping industry. “In almost all vessel segments, leasing can...

Oil steadies after sell-off but European lockdowns hurt outlook for demand recovery

Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week’s broad sell-off, but prices stayed under...

Saudi Aramco to prioritize energy supply to China for 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources...

Wartsila wins EPC contract from Ta-Yuan Cogen

Wartsila has won an engineering, procurement, and construction (EPC) contract from Ta-Yuan Cogen to carry out the conversion of its Taiwanese power plant from...

Oil demand and production predictions from IEA

The new IEA report today said oil demand is set to rise to 104 million barrels a day (mb/d) by 2026, up 4 percent from 2019...

Mace Group taps AFC Energy to hydrogen power in construction industry

AFC Energy, a provider of hydrogen power generation technologies, and Mace Group, a UK-based consultancy and construction business, have formed a strategic partnership to use...