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Citi: Oil prices are expected to recover to $60/b by the end of 2021
Time of Update: 2023-01-03
Citi believes that global benchmark Brent crude is currently trading close to $40 a barrel and will average around $55 in 2021 before recovering to $60 by the end of the year.
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The Brazil-Argentina submarine cable system Malbec was put into commercial operation
Time of Update: 2023-01-03
According to reports, the 2,500-kilometer-long system is jointly owned by GlobeNet and Facebook, operated by GlobeNet, and connects GlobeNet's cable landing station in Rio de Janeiro through the landing site of Las Toninas to the southeast of Buenos Aires, the capital of Argentina.
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Hitachi ABB joint venture received an order for the third phase of Dogger Bank
Time of Update: 2023-01-03
The Swiss company has already secured orders for transmission line connections for GW Dogger Bank projects A and B.
The Swiss company has already secured orders for transmission line connections for GW Dogger Bank projects A and B.
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Sumitomo Electric has received the first order for 400kV high-voltage DC submarine cable in the Middle East
Time of Update: 2023-01-03
Sumitomo Electric said recently that the company has been awarded a cable supply contract by the project EPC contractor Samsung & Co. and Jan de Nul to supply high-voltage DC cables to Abu Dhabi National Oil Company with a total length of 140 kilometers.
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Middle East's first nuclear power plant, Reactor-1 reaches 50% capacity
Time of Update: 2023-01-03
" ” The reactors of Unit 1 of the UAE's Barakah Nuclear Power Plant, the first nuclear power plant in the Middle East, have reached 50 percent of their power generation capacity, according to the finest news from Nawah Energy Company, a joint venture between Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power.
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Global refining and integrated chemical capacity will average annual investment of US$55 billion by 2025
Time of Update: 2023-01-03
The report believes that the consolidation and modernization of China's refining industry, the strategic expansion of Middle Eastern exporters and the investment in the growth of chemical demand will promote the expansion of refining capacity.
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Market sentiment panic Copper prices have not seen a downward trend in the short term
Time of Update: 2023-01-03
Copper prices hit record highs a week ago as traders sought to stock up on a trading frenzy, historically low inventories and concerns about escalating supply chain disruptions due to the Russia-Ukraine conflict.
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Latin America Gold Data expands fiber network coverage in Mexico
Time of Update: 2023-01-03
Based on this new advanced capability, Gold Data's network remains fully owned and operated by its private investors and partners, and is now ready for its next phase of development, which is designed to provide end-to-end fast connectivity to enterprise and carrier customers in Latin America and globally.
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In the first half of the year, Germany's share of renewable energy exceeded 50%, a record high
Time of Update: 2023-01-03
” Renewable energy generated by weather must first be transmitted on the power line when produced, because the grid must be balanced and electricity cannot be stored in large quantities.
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Vale builds Brazil's largest energy storage battery project
Time of Update: 2023-01-03
Lithium-ion batteries The system will be owned and operated by MicroPower Comerc, which features the first Tesla Megapacks deployed in Brazil.
Lithium-ion batteries The system will be owned and operated by MicroPower Comerc, which features the first Tesla Megapacks deployed in Brazil.
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Nexans supplies output cables for the Empire offshore wind farm in the United States
Time of Update: 2023-01-03
According to the plan, Nexans will deploy two cable systems for the offshore wind farm, one to connect the offshore substation to the Brooklyn substation, the Empire Wind 1 system, and three parallel cables to Long Island, the Empire Wind 2 system.
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In 2021, the total financing of global battery storage companies reached 17 billion US dollars, a seven-year high
Time of Update: 2023-01-03
According to the latest Mercom Capital data, total global corporate financing in battery storage, smart grid, and energy efficiency, including venture capital financing, public market financing, and debt financing, grew 140% to $19.
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Global copper mine production expected to increase by 7.8% year-on-year in 2021
Time of Update: 2023-01-03
In November 2020, Seabridge resubmitted its technical report: proven reserves: 460 million tons; mine life: 44 years.
In November 2020, Seabridge resubmitted its technical report: proven reserves: 460 million tons; mine life: 44 years.
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In 2020, about 56 GW of new wind power was added in the Asia-Pacific region
Time of Update: 2023-01-03
Wind power After breaking any country's wind energy installation record, China now has more wind power than Europe, Africa, the Middle East and Latin America combined, GWEC said.
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Global gold production in 2020 was 3,241 tonnes, down 3% y-o-y
Time of Update: 2023-01-03
Although gold mining is a global business, three countries alone, China, Australia and Russia, accounted for 31% of global gold production in 2020.
Although gold mining is a global business, three countries alone, China, Australia and Russia, accounted for 31% of global gold production in 2020.
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The EU plans to relax state subsidies to aid renewable energy projects
Time of Update: 2023-01-03
The European Commission said on Monday that the EU's competition regulator was considering amending the state aid law to allow EU countries to subsidize up to 100 percent of renewable energy projects as the bloc seeks to meet ambitious green targets.
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Unit 1, the UAE's first nuclear power plant, reaches 80% load operation
Time of Update: 2023-01-03
nuclear power plant This is an important step in the ongoing Unit 1 Power Boost Test (PAT), which involves slowly increasing reactor power levels while collecting data and adjusting control and safety systems.
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Electricity supply from offshore wind farms in the North Sea increases by 12.4% in 2020
Time of Update: 2023-01-03
76 TWh of electricity to the onshore grid from offshore wind farms in the North Sea in Germany, a record increase of 12.
76 TWh of electricity to the onshore grid from offshore wind farms in the North Sea in Germany, a record increase of 12.
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Egypt prepares to build a new fiber optic cable project to connect the Red Sea with the Mediterranean Sea
Time of Update: 2023-01-03
According to the agreement, the three parties will establish a new path of fiber optic cable for Internet services between the Red Sea and the Mediterranean Sea via the Al-Morshedeen Road, thereby strengthening Egypt's international position as a major hub for international communication business between Asia, Africa and Europe.
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Codelco in Chile approves underground expansion of the mine in El Salvador
Time of Update: 2023-01-03
Codelco said the cost of the Rajo Inca project was 33 percent lower than the initial estimate in 2014, thanks to optimization of existing infrastructure and processes.