Energy / Oil / Gas – PressClub World

8. 6. 2024 No Responses

China Accelerates Solid State Battery Development

China’s advancements in solid state battery technology have the potential to accelerate global development and adoption, shaping the future of energy storage. Over the past several years, the nation steadily powered up its battery metals research and development efforts, betting...

20. 3. 2024 No Responses

US Aims To Restock Strategic Oil Reserves By Year-End

The Biden admin aims to have crude in the SPR back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The...

22. 12. 2023 No Responses

Top 5 Oil Producing Countries

No 1 The United States The U.S. is now producing more than 13 million barrels per day (bpd) of crude oil—more than any country ever—and is headed to a continued increase in the short and medium term. U.S. crude oil...

18. 12. 2023 No Responses

Nippon Steel To Buy US Steel For $14 Billion

This $14.9 billion acquisition represents a significant step in Nippon Steel’s plan to expand its U.S. assets, and pushed the Japanese company from the fourth to the third-largest global steel producer. In total, it will now account for roughly 86...

8. 12. 2023 No Responses

Russia to launch year-round LNG shipments via Arctic route

Moscow plans to start year-round LNG deliveries to Asia via Russia’s Arctic waterways, Sergey Zybko, head of the Northern Sea Route (NSR) operator, announced this week. Speaking during the “Arctic: present and future” forum, Zybko said the launch of the....

14. 11. 2023 No Responses

The COO and CFO of wind turbine company Ørsted have resigned

The inertia of C-class management thinking is a well-known phenomenon. Two C-class managers of Danish multinational wind turbine company Ørsted, CFO Daniel Lerup and COO Richard Hunter, are stepping down from their positions. The officially communicated reaso...

11. 11. 2023 No Responses

Germany To Bail Out Siemens’ Desperate Wind Turbine Division

As the top analyst here at the PressClub World predicted a few years ago, the Siemens wind turbine division is now a ‘hot potato’. Siemens Energy, facing significant losses, is in talks for up to 15 billion euros in guarantees,...

8. 11. 2023 No Responses

JinkoSolar’s new PV panel: Conversion Efficiency of 26.89%

JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar ce...

31. 10. 2023 No Responses

BP Q3 profit misses forecast

BP third-quarter earnings of $3.3 billion, missing analysts’ forecasts due to weak gas trading results while the firm wrote down a large portion of a U.S. offshore wind project. The results fell well short of expectations for a $4 billion...

13. 10. 2023 No Responses

Serbian PM: EU paying extra to hide purchases of Russian oil

The bloc is buying Moscow’s crude via intermediaries at double the price, Serbian Prime Minister Radovan Viskovic told RT. Oil from Russia is still entering the EU market despite Western sanctions, but it now flows through intermediaries at a much...

12. 9. 2023 No Responses

IEA: Global Oil Demand Will Peak Before 2030

Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times, citing IEA research. Noting that demand for oil and gas has been growing despite forecasts of...

10. 8. 2023 No Responses

OPEC’s oil production fell to 27.31 million BPD

OPEC’s oil production fell to 27.31 million barrels per day in July, an 836,000 bpd decline from a month earlier. The decline was largely a result of Saudi Arabia delivering on its 1 million barrels per day production cut. Libya...

1. 8. 2023 No Responses

Germany’s Uniper To Invest $8.8 Billion In Green Energy

German energy giant Uniper, which was bailed out by the government last year, pledged on Tuesday to invest more than $8.8 billion (8 billion euros) in green energy by 2030 as it looks to become a greener energy provider faster than previously...

21. 7. 2023 No Responses

Photovoltaic Panels Flooded European Warehouses

Around €7 billion worth of Chinese-manufactured solar panels are currently stored in Europe, which could power approximately 20 million homes per year. Despite this surplus, imports continue to increase, with the first few months of 2023 showing higher impor...

19. 6. 2023 No Responses

Photovoltaic Grade Polysilicon Prices Crash

Solar grade polysilicon prices crash amid global supply glut. Spot prices for the main ingredient in photovoltaic panels are crashing considerably and fast, fueled by a glut in China’s photovoltaic panel supply chain. Some companies manufacturing polysil...

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