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Solar Power Plant
US Approves Construction of $1bn Gemini Solar Project
The US Government has approved a proposal to build and operate the $1bn Gemini Solar Project.
Oil Price
Aramco Earnings Plunge By 25% As Low Oil Prices Persist
Despite the profit slump of US$6 billion in Q1, Aramco’s free cash flow was more resilient and fell to US$15 billion from US$17.4 billion in Q1 2019.
Solar Power Plant
The Largest Solar Farm in Australia will be Launched in South West Queensland
France-based renewable energy developer Neoen signed a 352 MWp power purchase agreement related to a solar farm with CleanCo of Queensland, Australia.
Coal Trade
China Should Tighten Controls on Met Coal Imports: CCTD
China's government-backed coal transport and distribution association has called on authorities to tighten restrictions on imports of metallurgical coal.
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
LNG
Australia's LNGL Plans Sale of Magnolia LNG Project
Australian firm LNG plans to sell the 8mn t/yr Magnolia LNG project in Louisiana for $2.25mn to a firm called Global Energy Megatrend.
Hydropower Plant
Turkey to Start Power Generation in Huge Ilisu Dam Next Week
Turkey will launch the first turbine in Ilisu Dam in southeast Turkey next week, President Tayyip Erdogan said on Monday following a weekly cabinet meeting.
Coal Trade
BNP Paribas Accelerates Its Exit from Coal in OECD Countries
French bank BNP Paribas is expanding to all OECD countries its target to end relationships with customers that use coal to generate electricity by end 2030, it …
Prominent Russian Academic Promotes Nuclear Production of Hydrogen
Nikolay Ponomarev-Stepnoy, scientific advisor to the director general of Russian nuclear utility Rosenergoatom, said on 7 May that Russia “may take a leading p…
Wind Power Project
Inox Wind Begins Execution of 1st Phase of Wind Power Projects in Gujarat
Wind energy solutions provider Inox Wind on Monday said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the rece…
Crude Oil
Saudi Arabia to Cut June's Oil Production
Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…
Nuclear Power Plant
E.ON Sold Ahead German Nuclear Power at Above Market Prices
Sixty-five per cent of nuclear capacity in 2021 and 34 per cent in 2022 will be sold at well above current wholesale market prices, boosting the sector's earnin…
Coal-Fired Power Plants
Coal Power Falls to Lowest Levels in 43 Years in US, After Biggest Annual Drop in 2019
“The miners are coming back,” Trump said of the coal mining industry at an election rally in Louisville, Kentucky, more than four years ago.
Solar Power Panel
Research Team Finds Way to Make Solar Panels “Sweat” to Deliver More Power
Researchers have figured out a way to make solar panels “sweat,” allowing them to cool themselves down in the heat and thus boost their generation output by u…
Oil & Gas Trade
Topside Installed for Norway's Nova Field
Wintershall Dea's Nova field will be tied back to a platform at the Neptune Energy-operated Gjoa field.
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