Ai

Local Company Seeking Permit for Geothermal Project at Noville, Lake Geneva, Switzerland

​Reported locally before the weekend, company Petrosvibri wishes to develop a deep geothermal energy project under Lake Geneva in Noville (VD), Switzerland. Th…

Market Analysis

Largest Solar Project in Eastern US Progresses Despite Market Uncertainty

​Mega-solar projects topping 500 megawatts have cropped up in many regions of the U.S., but land constraints have mostly kept such behemoths out of the Southea…

Crude Oil

Saudi Must Reduce Expenditures to Ease COVID-19 Economic Impact: Minister

​Saudi Arabia "must reduce expenditures" to mitigate the economic impact of the COVID-19 pandemic, Finance Minister Mohammed al-Jadaan said.

Oil Price

Canada’s Oil Patch Struggles To Survive The Worst Recession Ever

Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o…

Repairs and refurbishment of lv electrical motors

Tenders are invited for Repairs and refurbishment of lv electrical motors

Crude Oil

Oman Plans About 30 Per Cent Cut in July Crude Allocations

​Oman has notified all its crude oil term customers of a cut of about 30 per cent in their allocations for July loading and delivery, Oman's oil and gas minist…

Oil Price

Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout

​U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…

Crude Oil

Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts

​Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…

Crude Oil

Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start

​The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…

Energy Storage Project

Wärtsilä to Deliver 70 MW Energy Storage System in California

​Technology group Wärtsilä is finalising a 70 MW energy storage and energy management system project in the California Independent System Operator (CAISO) en…

Solar Power Plant

Dubai Achieves Record Low PV Tariff for 900 MW Solar Project

Dubai Electricity and Water Authority (DEWA) has awarded the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park to an ACWA-Power-led consortium.

Solar Power Plant

Invenergy Georgia Solar Energy Centre Begins Commercial Operations

​Global sustainable energy solutions developer Invenergy has announced the start of commercial operations of its 160MW Southern Oak solar energy centre.

Electric Vehicle Charging

Hitachi and Gridserve Partner on Multi-Million-Pound Renewable Deal

Hitachi Capital UK and UK renewable energy company Gridserve Sustainable Energy have signed a partnership agreement to develop solar farms and solar-powered ele…

Solar Company

DEWA Signs PPA for Fifth Phase of Dubai Solar Park

​Dubai Electricity and Water Authority (DEWA) has signed a power purchase agreement (PPA) for the 900MW fifth phase of Mohammed bin Rashid Al Maktoum solar par…

Oil Price

OPEC Daily Basket Price Stands at $14.36 a Barrel Wednesday

The price of OPEC basket of thirteen crudes stood at $14.36 a barrel on Wednesday, 29th April, 2020, compared with $12.41 the previous day, according to OPEC Se…