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Energy News
Growth of advanced energy storage driven by development in renewable energy resources
Energy - Jul 20, 2017
As per research reports, the global advanced energy storage market is likely to grow at a promising 5.4% CAGR from 2016 and 2024.
Power needs on the global scale surge the market for transformer oil
Energy - Jun 16, 2017
According to statistics, the transformer oil market on the worldwide scenario is expected to rise at a CAGR of 5.70% between 2016 and 2024.
Rise in cargo ships leads to demand surge for marine diesel
Energy - May 31, 2017
Presently, the market for marine diesel has aggravated significantly to offer growth at an impressive double-digit CAGR during 2016 and 2022.
Future of Smart Electric Meter in the United States and Beyond
Energy - May 05, 2017
With growing population, increasing urbanization and rising initiatives by the legislative bodies to implement smart metering, the future for smart electric meter looks promising.
Electrical Submersible Pumps (ESPs) Market to Show Exponential Rise
Energy - May 03, 2017
The global electrical submersible pumps (ESPs) market is anticipated to reach the value of US$16.75 billion by the end of 2022 from US$10.65 billion in 2013, rising at a CAGR of 5.29%.
Oil prices fall as a result of rising US drilling activity
Energy - Mar 20, 2017
On Monday, the oil prices dipped due to rising US drilling activity as well as steady supplies from OPEC countries despite publicized production trims.
Oil prices rose as US stockpiles drop from record high level
Energy - Mar 16, 2017
On Wednesday, crude oil prices experienced a boost after a swing of market reports as well as official data created some hope towards the decrease of the three-year global oversupply.
Oil prices dropped after Saudi production rises
Energy - Mar 15, 2017
Oil prices dropped on Tuesday after Saudi Arabia reported its output in February surged above 10 million barrels a day, wiping away about a third of the production trims the nation made in January.
America’s largest onshore oil discovery in 30 years found in Alaska
Energy - Mar 11, 2017
Repsol has identified an oil reserve of 1.2 billion barrels in Alaska's North Slope that would allow production of 120,000 barrels per day starting from 2021.
Tesla CEO Elon Musk offers to solve Australian energy crisis within 100 days
Energy - Mar 10, 2017
Thanks to the increased production from Tesla’s new Gigafactory in Nevada, Elon Musk claims to install 100-300 megawatt hours of battery storages within 100 days or else free.
Oil prices plunge to hit the lowest level for 2017
Energy - Mar 10, 2017
OPEC and Russia’s effort to end the chronic oversupply and to increase oil prices negated by increasing U.S. productions in Permian, North Dakota and Oklahoma regions.
Booming US Oil Industry to hit all-time high production in 2018
Energy - Mar 09, 2017
After oil price war with OPEC, better technology, improved balance sheets and the Permian Basin to drive growth in US oil industry.
Oil prices drop below $56 after US crude inventories rise
Energy - Mar 08, 2017
On Wednesday, oil dropped further below $56 a barrel after the release of an industry report which revealed a large upsurge in US crude inventories.
Oil prices dip on lower growth targets in China, uncertainty over Russian output
Energy - Mar 06, 2017
On Monday, oil prices dropped in Asian trade, washing away the gains experienced in the previous session; Russia’s output for February showed no signs of change from its January output.
Oil prices fall as markets remain swollen
Energy - Feb 13, 2017
Oil prices dropped on Monday on predictions that global fuel markets remained swollen even though OPEC-led crude production cuts.
Shell sells North Sea oil assets for $3.8 billion to Chrysaor
Energy - Jan 31, 2017
The deal has been fixed for $ 3.8 billion which accounts for more than half of Shell's production in the region of North Sea.
Oil price decline extends due to rising US output
Energy - Jan 30, 2017
On Monday, the decline in the oil prices extended due to significant signs of surging output in the United States.
Shell set to sell majority of North Sea assets to Chrysaor for $3 billion
Energy - Jan 28, 2017
Global oil major Royal Dutch Shell is nearing the deal to sell a major part of its North Sea oil and gas operations to private equity-backed oil firm Chrysaor for $3 billion.
AltaGas Ltd. to Acquire US-based WGL Holdings Inc. in C$8.4 Billion Deal
Energy - Jan 27, 2017
According to the Canadian energy infrastructure company, AltaGas Ltd., it would purchase US-based WGL Holdings Inc. in a deal valued at $6.42 billion (C$8.4 billion).
Oil pipeline spills 200,000 liters on primitive land in Canada
Energy - Jan 25, 2017
An oil pipeline in the western Canadian province of Saskatchewan has cracked leading to 200,000 liters (52,834 gallons) of oil to spill in an aboriginal community.