Energy Economy

Oil Price

Not Even The $2 Trillion Stimulus Package Can Save Oil Markets

Coal-Fired Power Plants
2020-03-26

India's Coal Sector Faces Stranded Asset Risks Amounting $40b
The resulting liquidity crunch could keep banks from lending to the renewable sector.
2020-03-24

Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption
Weak demand and falling prices have persuaded Shell to suspend its share buyback scheme for the year, as French major Total follows suit.
2020-03-22

$160 Millions for Renewable Energy Through the Energy Inclusion Facility
The Energy Inclusion Facility (EIF) of the African Development Bank (AfDB) has raised USD 160 million. The funds provided by several development partners will help finance renewable energy projects in Africa.
2020-03-18

Oil’s Plunge Is an Existential Threat to a Far Cleaner Biofuel
It withstood a downward currency spiral, economic malaise, a jump in raw-material costs and political upheaval. Now one of Brazil’s booming industries has finally met the foe that could take it down: the oil crash.
2020-03-17

EU Sets Aside EUR 980 Million for Clean Energy Infrastructure
The European Commission has released EUR 980 million of funding for key European energy infrastructure projects with major cross-border benefits.
2020-03-17

Ireland Shares €1m for Research Targeting Geothermal Energy
Three projects in Ireland are to receive a share of €1m in funding for research targeting geothermal energy.
2020-03-17

PG&E Wins Approval for $23 Billion Bankruptcy Financing Package
Power producer PG&E Corp (PCG.N) said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments.
2020-03-16

Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic.
2020-03-15

U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain
With the economy reeling, United States President Donald Trump on Friday, March 13, declared a national emergency to stem the damage from the coronavirus, unlocking $50 billion.
2020-03-05

Poland Faces $15 Billion Nuclear Power Bill over 20 Years
Poland will have to spend 60 billion zlotys (12.2 billion pounds) on its planned nuclear power plants over the next 20 years, the Polish minister responsible for energy infrastructure Piotr Naimski said on Wednesday.

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Energy Economy

Not Even The $2 Trillion Stimulus Package Can Save Oil Markets

India's Coal Sector Faces Stranded Asset Risks Amounting $40b

Shell Pauses $25bn Share Buyback Scheme Amid Oil Market Disruption

$160 Millions for Renewable Energy Through the Energy Inclusion Facility

Oil’s Plunge Is an Existential Threat to a Far Cleaner Biofuel

EU Sets Aside EUR 980 Million for Clean Energy Infrastructure

Ireland Shares €1m for Research Targeting Geothermal Energy

PG&E Wins Approval for $23 Billion Bankruptcy Financing Package

Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B

U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain

Poland Faces $15 Billion Nuclear Power Bill over 20 Years

DOE Secretary Says Coronavirus Unlikely to Hurt Energy Markets in Near Term

Hydrogen Mobility Australia Takes Changes to Board for A New Stage

BP Announces "Major Expansion" into Renewables with New Bioenergy Firm

Teck Resources Drops Plans for $15.5bn Frontier Oil Sands Mine Project

EDF Group Acquires 50% Interest in Irish Offshore Windfarm Project

Oil Falls As Middle East Anxieties Ebb for Now