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Azerbaijan
BP Says it has no Plans to Scale down Oil and Gas in Azerbaijan
British oil major BP has no plans to scale down its oil and gas business in Azerbaijan amid global plans to rebalance its portfolio towards renewables.
Thermal Coal
India's Thermal Coal Imports Fell Sharply in the First half of 2020, Down 27.1% Year-on-Year
India’s thermal coal imports were approximately 73.29 million tons, a decrease of 27.26 million tons from 10.55 million tons in the same period last year and a…
United States
US Coal Power Generation Plummets 30% in 2020, EIA Says
Coal power fell by a record amount last year, and things have gone downhill quickly from there for the embattled sector.
Nuclear Power Plant
What Happens to a Nuclear Power Plant During COVID-19?
What happens to a nuclear power plant during a pandemic lockdown?
Wind Farm
US Programme to Drive Down Cost of Distributed Wind Energy
The US Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL), with funding from DOE’s Wind Energy Technologies Office, works with dozens…
Nuclear Power Plant
Chinese Fast Reactor Completes Trial Operating Cycle
The China Experimental Fast Reactor completed a manual emergency shutdown test from full power on 31 July, China National Nuclear Corporation announced last wee…
Saudi Arabia
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…
United States
Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump
Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…
Breaking Down the Oil Outlook as OPEC Increases Production
Prosper Trading Academy CEO Scott Bauer to discuss the outlook for oil as looming OPEC supply surge adds to demand woes.
Coal Mine
Peabody Energy Writes Down Value of World's Largest Coal Mine by $1.42 billion
Coal giant Peabody Energy is writing down the value of its huge North Antelope Rochelle Mine in Wyoming by $1.42 billion.
Biomass Power Plant
UK Biomass Generation Rises with Grid Demand in July
The UK's biomass-fired generation increased on the month and year in July as Covid-19 lockdown measures eased, resulting in extra demand on the power grid.
Power Construction
Reimposed Lockdowns Weaken India's Power Demand
This will affect the revenues and cash collections of discoms.
Electric Vehicle Battery
PG&E, Tesla Start Building World’s Biggest Battery
The 182.5 MW/730 MWh Moss Landing energy storage system could eventually be expanded to 1.1 GWh – putting it on track to overshadow Tesla’s massive Hornsdale …
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
Oil Price
Why Oil Remains Stuck at $40
Oil prices posted gains once again on Wednesday on the back of bullish data from the EIA, but analysts are warning that plenty of downside risks remain.
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