Energy News

Oil demand has begun to suffer because of rising prices and a weakening global economy, although a recovery in China and robust power generation partially offset these effects. At the same time, the rate of growth in worldwide demand has slowed slightly in 2022. A further increase is anticipated in 2023, driven by the non-OECD countries' robust development track. The World Bank also cautioned that the invasion of Ukraine by Russia and its effects on supply chains, inflation, and financial conditions had accelerated the decline in global economic activity…

The electrical vehicle (EV) market is booming, but the battery is what makes a Tesla Model S Plaid or a Porsche Taycan stand out from the competition. The electric battery will be the cornerstone of a revolution that the automotive industry will experience in a few decades.

Because of the increased use of hybrid and battery-powered vehicles by drivers and the electrification of automakers' fleets, demand for EVs is expected to continue to rise. EV manufacturers may still face some obstacles. The UK and Germany have cut subsidies, the US is working to…

A new cutting-edge thermal waste treatment plant will be built near Gum Springs, Arkansas, by Veolia North America, a pioneer in providing environmental services in water, waste, and energy. The new facility will enable the company in cradle-to-grave management of waste streams by providing the flexibility to deal with PFAS-laden waste. A press release from Veolia shows that the Gum Springs thermal waste treatment facility tends to be the most advanced environmentally efficient facility in the US and aids the company's contribution towards economic…

The European Union (EU) made available a set of documents relating to an implementation action plan for the European Green Deal and the REPowerEU Plan, both of which aim to reduce energy consumption through digitizing the energy industry. Crypto miners and many other energy consumers are targets for European energy planners.

Energy demand for cryptocurrency mining has doubled over the past two years, according to a communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee, and the Committee of…

Oil is just one of the energy sources in the Middle East region. The geography is blessed with the ability to boost the renewable energy sources to diversify the energy mix of the world. It’s not just US and the West on their way to become green energy market leaders. The Middle East nations are turning out to be one of the most significant hubs for renewable energy globally. Here is a quick review of the major renewable energy initiatives taking place in the Middle East.

1. Al Dhafra Solar Project in Abu Dabhi, UAE: The Al Dhafra Solar Project, a 2GW …

UK battery start-up company Britishvolt is on the verge of to become insolvent, jeopardizing roughly 300 jobs. The company wanted to build a factory in Northumberland to produce batteries for electric vehicles with the support of politicians. As a result of the project’s forced delay and the lack of revenue, the company is now rushing to find additional funding to remain operating.

The UK government promised the business 100 million pounds in January to assist in luring in more investors for its gigafactory in Blyth, Northeastern England. The ministers…

Prices of oil dropped more than $1 a barrel on Monday as Chinese health officials' reiterated their dedication to a strict COVID management strategy, shattering expectations for a recovery in oil demand from the largest crude importer in the world.

After reaching a low of $96.50 earlier, Brent crude futures decreased $1.20, or 1.2%, to $97.37 a barrel. Earlier in the day, U.S. West Texas Intermediate oil hit a session low of $90.40 per barrel before falling to $91.24 per barrel, down $1.37, or 1.5%.

The Chinese health authorities asserted, at a news…

Deputy Prime Minister Chrystia Freeland announced that Canada's government is looking forward to introducing tax incentives for clean energy technologies. This initiative is a part of Canada’s Fall Economic Statement 2022. The government introduced a refundable tax credit equivalent to 30% of the capital investment cost. This includes electricity generation, stationary electricity storage systems, low-carbon heat equipment, industrial zero-emissions vehicles, and related charging or refueling equipment. For hydrogen projects, the investment tax credit…

An HPCL-Mittal Energy Ltd. representative recently said that the firm plans to begin producing bioethanol by 2023 at its Bathinda refinery in Northern India as part of its efforts to cut carbon emissions. Pravin Shirke, assistant general manager at HPCL-Mittal Energy Ltd (HMEL), said at a forum at the Asia-Pacific Petroleum Conference that the company is in the process of constructing 100,000 tonnes per annum ethanol facility based on agricultural inputs like waste food. He also said the plant would be fully functional by the beginning of the following…

On 2nd November 2022, a company based in China, LONGi Green Energy Technology Co. Ltd. or LONGi Group, formerly Xi'an Longi Silicon Materials Corporation, is a major Chinese manufacturer of photovoltaic solar modules and a developer of solar power projects has announced a release of Hi-MO 6, a new module for the market of distributed generation. Hi-MO 6 achieves 22.8% efficiency in mass manufacturing using hybrid passivated back contact (HPBC) cells.

According to Longi, HPBC cell-equipped modules have better power degradation performance and can produce…

In October 2022, Unirac, Inc. announced that Greenbelt Capital Partners has led a majority recapitalization of the company. Unirac is one of the leading designers and manufacturers of solar photovoltaic (PV) mounting systems for residential and commercial sites. As part of the transaction, Greenbelt Capital Partners Unirac L.P. and Trilantic Energy Partners II L.P. participated as investors. There will still be a significant stake owned by Tenex Capital Management and Unirac's management team.

As a result of this investment, Unirac will be able to…

HydraForce Inc. is a designer and manufacturer of components like cartridge valves, custom manifolds, electronic controllers, and electrohydraulic control systems for hydraulic equipment for various sectors including agriculture, construction, forestry, mining, oil, and gas among many others. The company established in 1985 in the USA has six manufacturing locations situated across North America, Europe, and Asia apart from 120 stocking distributors. One of the prominent and proprietary innovations is the i-Design hydraulic circuit design manifold tool…

The gearboxes of wind turbines are small, so the inspection equipment must be reliable despite its limited size. The IPLEXTM G Lite-W videoscope was made with these difficulties in mind; it is compact and lightweight while still packing a punch when it comes to imaging capabilities. Users may visually inspect the inner workings of the gearbox of a wind turbine without having to take the gearbox apart, preventing potential problems from causing costly downtime. Non-destructive testing equipment, X-ray analysers, and microscopes are just a few examples of…

Solar roofing has gained popularity because of its photovoltaic shingles, which can use solar energy for the home or structure while simultaneously acting as standard roof tiles. Manufacturers are broadening their portfolios of environmentally friendly roofing products. GAF Energy, a major manufacturer of solar roofing in North America, announced the debut of their ground-breaking Timberline Solar roof on December 13, 2022. Timberline Solar is the only solution that incorporates solar technology directly into standard roofing processes and materials…

Submersible pumps are widely used pumps that are completely submerged in water or liquid that needs to be pumped. They are used for various pumping applications like Agriculture & Irrigation, Construction, Oil & Gas, and mining. They are an effective and reliable artificial-lift method used to lift moderate or high volumes of fluids to surface from wellbores. Submersible pumps are an important mechanisms of oil production equipment. Around 60 percent of global oil production is produced using the artificial lift technique in which more than 20 percent of…

Greenhouse gases (GHGs) trapped in the atmosphere cause gradual heating and affect the ozone layer, which protects the planet from harmful rays emitted by the sun. The major GHGs are carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and fluorinated gases (hydrofluorocarbons, perfluorocarbons, sulfur hexafluoride, and nitrogen trifluoride). The burning of fossil fuels such as coal, natural gas, and oil, particularly from the transportation sector, results in the emission of CO2. According to the World Health Organization, around 4.2 million…

The indoor gas quality is getting affected negatively due to most US households using gas stoves. Thus, according to reports, the US Consumer Product Safety Commission is now framing new rules for gas stoves. They are also looking forward to banning or coming up with alterations for the appliances as an action.

The Environmental Protection Agency and World Health Organization both have said the natural stoves which are being used by most of the households in the US emit nitrogen dioxide, carbon monoxide, and fine, articulate matter, which are considered…

Renewable energy is expected to maintain progress and achieve desired results in 2023 along with technology upgradation and cash flow. The major driving factor for growth will be the government’s support with futuristic measures.

According to reports, the future of renewables looks brighter and more attractive. The Russian- Ukraine war has been an eye opening for countries especially Europe, to value renewable energy’s benefits.

As per the data, renewables may account for 38 percent of global electricity in comparison to 30 percent from coal by 2027…

Oil is one of the world's top money-making commodities nowadays for producing gasoline, jet fuel, diesel fuel, and many other products. In the modern world, oil is one of the most vital resources. The oil extraction process is harmful to the environment and is considered a double-edged sword.

The world's largest oil consumer is the United States, and the world's largest oil producer. But despite being the world's largest oil producer, the U.S. also imports much more oil from dozens of other countries.

With different types of oil production, crude oil…