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Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weak…
Clean Energy Transition
IEA: Coronavirus May Hamper Clean Energy Transition & Climate Action
The coronavirus pandemic might lead to a decline in carbon emissions in the short-term, but may pose a threat to long-term climate action as it will also underm…
Coronavirus Dampens 2020 Outlook for Clean Energy and Electric Vehicles
BNEF downgrades growth forecasts for global solar and battery sectors this year, as markets suffer fallout from escalating pandemic.
Crude
Russia Still Elusive On Deeper OPEC+ Oil Production Cuts
Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…
Oil & Gas Trade
Russia Still Studying Proposed Deeper Opec+ Output Cuts: Novak
Russia is still studying proposed deeper oil output cuts by the Opec+ grouping of top producers prompted by the new coronavirus outbreak in China, Energy Minist…
RusHydro Inaugurates New Hydropower Plant
PJSC RusHydro announces an inauguration of 346 MW Zaramagskaya HPP-1 in North Ossetia. Yury Borisov, Deputy Prime Minister of the Russian Federation, Alexander …
Solar Power Panel
New Perovskite Promises 38.7% Efficient Tandem Cells
Scientists from Japan’s Gifu University and the Tokyo Institute of Technology have identified a chalcogenide perovskite material with light absorption attribut…
Oil&Gas Drilling
Libyan Oil Production Falls as US Issues Warning
FEARS of further damaging military intervention in Libya have been raised after the US demanded the resumption of oil production in the country.
Electric Car
A Step Closer of Tesla to Opening Its First European Factory
The U.S. carmaker last November announced plans to build a giant factory in Gruenheide, in the eastern German state of Brandenburg, giving it the coveted "Made …
Argentine Govt Prepares Bill to Spur Oil and Gas Investment
Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a s…
20 Hydrogen Fuel Cell Buses Land in Changshu, China
20 Suzhou Jinlong Haige hydrogen fuel cell buses landed in Changshu. As a local hydrogen energy demonstration project, these batches of zero-emission buses will…
Oil & Gas Trade
Eastern Libya Halts More Than Half the Country's Oil Output
Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude o…
Dandelion Renewables
Do you believe, as well as we do, that renewable energy will contribute to our planet's sustainable energy future? Do you want to get involved in solar power, w…
Oil & Gas Trade
New Dispute Over Oil Could Be Brewing Between Russia and Belarus
Moscow and Minsk have had several oil and gas rows over the past decade in what has been described as love-hate relationship between president Vladimir Putin an…
EV Market
Tesla Gathers Speed With The Official Launch Of Model 3 In China
The wins keep on coming for Elon Musk’s Tesla Motors (TSLA) electric car company, which had a red-letter day Monday when the keys to the first Chinese-made Mod…

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