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Oil & Gas Trade

Shale Job Losses Accelerating and the Worst May be Yet to Come

Roughneck job cuts accelerated in July and the outlook may worsen as new Covid-19 cases stifle economic activity, according to the Petroleum Equipment and Servi…

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…

Wind Power Project

China Energy in South Africa Holds Open Day Event on Wind Power Project

​An Open Day to showcase operations, COVID-19 pandemic prevention and control measures, and resumption of work at the De Aar wind power project, South Africa's…

Energy Storage System

Generac Improves Energy Storage System Capacity to 18 kWh

The latest additions to Generac Power Systems’ PWRcell energy storage line will allow for whole-home power backup.

Crude Oil

Australia’s Ampol to Restart Lytton Refinery

Australian refiner and fuel marketer Ampol plans to restart its 109,000 b/d Lytton refinery in September and reach full production in early October.

Nuclear Power Plant

China: Tianwan 5 Achieves Grid Connection

Unit 5 of the Tianwan nuclear power plant in China's Jiangsu province has been connected to the grid for the first time.

Crude Oil

Aramco Aims to Boost Production Capacity to 13 Million Bpd

The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.

Solar Power Plant

Irish Developer Secures 194MW Solar Trio

Highfield Energy has secured the rights to develop three solar farms totalling 194MW in Ireland's first Renewable Electricity Support Scheme auction.

Wind Power Project

Facebook to Buy 170MW of Windpower in Landmark Renewables Deal

Renewable energy developer Apex Clean Energy has announced a power purchase agreement with Facebook for approximately 170MW.

Saudi Arabia

Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance

Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…

Solar Inverter

Sungrow Debuts 1500V Lithium-ion Energy Storage Solution at SNEC 2020

Sungrow, a global leading inverter solution supplier for renewables, debuted its latest 1500V LFP Lithium-ion energy storage system (ESS) solutions for a full r…

Oil & Gas Trade

Iran Moves from Oil to Petrochemicals in Export

Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.

Coal-Fired Power Plants

Britain Goes 2 Months Without Burning Coal for Power

Britain has gone two full months without burning coal for electricity, as Covid-19 restrictions reduce demand, and the country plans to be off it entirely in th…

Energy Saving

EBRD Announces €10 Million Energy Efficiency Finance Package for Sarajevo

The European Bank for Reconstruction and Development and the European Union have announced €10 million in funding for the capital city of Bosnia and Herzegovin…

Coal-Fired Power Plants

U.S. Rapidly Shutting Coal in Favour of Natural Gas

Since 2010, utilities have retired or announced the closure of more than 500 coal-fired power plants in the U.S.