On December 17, 2023, India’s largest indigenously developed 700-MWe pressurised heavy water reactor (PHWR) – the fourth unit in Kakrapar, Gujarat – attained criticality. Six months earlier, another 700-MWe unit in the same facility had started […]
RRPs heading to their normal level of zero. And it’s time to talk about the revived Standing Repo Facility. By Wolf Richter for WOLF STREET. As the Fed’s Quantitative Tightening hums along on autopilot, its assets have fallen […]
Higher interest rates bit, but builders adjusted to them. By Wolf Richter for WOLF STREET. Construction starts of single-family houses and units in multifamily buildings (condos and apartments), fell by 9% in 2023, to 1.41 million housing units, […]
Sweden has been doing a lot of things right lately. They have already scrapped the renewable energy plans and have been pushing for more nuclear power. In the new year, Sweden removed climate taxes on […]
OPEC’s top official said forecasts that oil demand is heading toward a peak will prove just as misguided as earlier predictions that supply was reaching its zenith. “Ultimately, peak oil supply has never come to […]
Norwegian state-owned energy giant Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project, which is expected to fortify Norway’s position as a reliable […]
Higher power demand and efforts to boost energy security pushed China’s coal production to a record-high level in 2023, according to official statistics data published on Wednesday. Chinese coal output rose by 2.9% year-over-year to 4.66 […]
French energy giant TotalEnergies has initiated a force majeure process on the Novatek-operated Arctic LNG 2 project in Russia due to sanctions. In November 2023, the US government issued new Russia-related sanctions due to the […]
China’s Jiangnan Shipyard has delivered the first LNG-powered pure car and truck carrier to compatriot SAIC Anji Logistics. According to a statement by CSSC’s Jiangnan, the LNG dual-fuel PCTC with a capacity of 7,600 units, […]
State-owned LNG terminal operator Deutsche Energy Terminal has awarded a contract to compatriot tugboat owner Fairplay Towage. Under the contract, Fairplay will be in charge to provide all assisting tugs for the DET-operated FSRU-based LNG […]
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