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Beach Energy Vows to Defend Itself After US Drilling Company Lobs Suit
Bankrupt Diamond Offshore Drilling has sued ASX-listed oil and gas producer Beach Energy for abruptly terminating a $US65 million ($101 million) drilling contra…
Solar Power Plant
Spanish Oil Giant Begins Work on its First Solar Plant
Repsol announced the start of construction on its 126 MW Kappa solar park. The project consists of three plants located in the municipality of Manzanares, Ciuda…
Crude Oil
$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…
Crude Oil
Oil Majors May Be Forced To Cut Crude Output In Nigeria
The new OPEC+ production cut deal to remove a total of 9.7 million bpd from the market in May and June enters into force on May 1.
Crude Oil
Saudi Arabia Starts Production Cuts Ahead Of OPEC+ Deal
Oil prices plummeted again on Monday, with WTI Crude crashing by 23 percent to just $13 a barrel at 2:30 p.m. EDT.
Coal Price
Bharat Coking Coal Slashes Coal Prices by 10%
Coal subsidiary bharat coking coal has cut coal prices by 10%.
Solar Power Plant
Coronavirus Putting 150 GW of Asia Pacific Renewables Projects at Risk Says Report
Up to 150 gigawatts of wind and solar projects in the asia-pacific region could be delayed or cancelled.
Wind Farm
Covid-19 Delays Construction at £320m Scottish Wind Farm
The project is a joint venture between Vattenfall, a Swedish state-owned company, and Greencoat, a UK renewable energy company.
Seven, 10kva Single Phase Standby Generators
Tenders are invited for Supply, Installation and Commissioning of Seven, 10kva Single Phase Standby Generators.
Geothermal Power Plant
Covid-19 Situation Delaying Renewable Energy Development in Indonesia
Indonesia is facing some delays in renewable energy deployment with construction being hampered by the covid-19 situation. But despite some delay on geothermal …
Oil & Gas Trade
Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19
Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…
Oil&Gas Drilling
Satellites Reveal Depth of Permian Basin’s Methane Emissions Problem
A study shows leaked methane emissions across the Permian Basin in the 11 months to March 2019 were enough to supply two million homes with natural gas.
Solar Company
SoftBank-Backed SB Energy & EDEN Bag 900 Megawatts Of Solar In India
A 2 gigawatt solar power tender received very a encouraging response amidst uncertainty resulting from the COVID-19 outbreak.
Energy Investment
KKR to Buy Five Solar Assets from SP Group for $200 Million
Ending months of negotiations, KKR has agreed to buy 5 solar assets of 317 MW from the cash strapped Shapoorji Pallonji Group for $200 million, said people in t…
Crude Oil
Algeria Says Proven Oil Rserves at 10 Billion Barrels
OPEC member Algeria's proven oil reserves are currently 1.34 million tonnes, or 10 billion barrels, Energy Minister Mohamed Arkab said on Sunday.
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