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JLEN Acquires Hydropower Facilities
Asian Markets Fall as Coronavirus Hits Earnings, Growth
China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countries and territories.
OPEC Underestimates the Virus
The Covid-19 virus is a human tragedy for many who have been affected by it and it’s having a profound impact on the lives of a large part of the Chinese population.
Libya's Oil Corporation: Blockade Losses Exceed $1.3 Billion
Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday.
EDF Group Acquires 50% Interest in Irish Offshore Windfarm Project
The EDF Group has acquired a 50% interest in an offshore wind farm project in Ireland from wind energy company Hazel Shore.
US budget Request includes USD150 million for Uranium Reserve
The US Administration's 2021 budget request unveiled yesterday by President Donald Trump includes USD150 million to set up a uranium reserve to address challenges to the production of domestic uranium.
Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced.
'Hypocrisy' : 90% of UK-Africa Summit’s Energy Deals Were in Fossil Fuels
More than 90% of the £2bn in energy deals struck at this week’s UK-Africa investment summit were for fossil fuels, despite a government commitment to “support African countries in their transition to cleaner energy”.
DOE Secretary Says Coronavirus Unlikely to Hurt Energy Markets in Near Term
US Energy Secretary Dan Brouillette played down the effect that a coronavirus outbreak in China would have on energy markets, describing the impact as "marginal" even as worry over a slowdown in Chinese LNG demand...
The Brazilian Bioenergy Firm to help Zambia Develop the Biofuel Industry
The Brazilian Bioenergy, Ethanol and Sugarcane Association has pledged to support Zambia with technological advancements in its quest to develop the Biofuel Industry.
Siemens Gamesa Swings to Loss and Cuts Guidance
Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year guidance.
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Mitsubishi Hitachi Power Systems Announces Rebrand