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Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Power Construction

Work on €50m Energy Project at Moneypoint to Begin Within Weeks

The project, which involves fitting an energy stabiliser, is the first phase of the multi-billion euro Green Atlantic development at the Co. Clare power statio…

Hydrogen Project

How the Fukushima Nuclear Disaster is Propelling Japan into a New Age of Hydrogen Energy

With billions of people watching the Olympics, the host country is using the Games as an opportunity to make a statement.

Hydropower Plant

FERC Issues Preliminary Permit for Daybreak Power’s Proposed Pumped Storage Project

The FERC has issued a preliminary permit for Daybreak Power Inc’s proposed 2650MW Halverson Canyon Pumped Storage project near Creston, Washington, marking an …

Australia

Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm

Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oi…

Crude Oil

Energy Import Bill up 131 pct in June 2021

Turkey's energy import bill increased by 131 percent to $3.63 billion in June this year compared to the same month last year.

Oil Price

Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May

The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…

Video: Benefits of Geothermal Heating and Cooling

ClimateMaster geothermal can save you up to 80% on your monthly heating, cooling and hot water bills!

Oil Pipeline

Video: How The $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa

How The $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa

Power Cable

LS Cable and System to Build High-Rise Undersea Cable Production Tower

LS Cable and System will invest 185.9 billion won to build an undersea cable system production plant in Donghae, Gangwon Province, the company said on July 25.

LNG

China's Guangdong Starts Building $1 bln Huizhou Gas Terminal

ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, includ…

Energy Investment

Honduras Spends 52% more on Oil Imports in First 5 Months 2021

he increase in the oil bill in the first five months of 2021 is due to the rise in the international price of oil, influenced by the reactivation of the economi…

Hydrogen Project

Haldor Topsoe Technology to Decarbonise Hydrogen Production at Edmonton’s Hydrogen Energy Complex

More plans have today been unveiled for the multi-billion-dollar hydrogen energy complex in Edmonton, Canada, which was unveiled last month by Air Products, in …

Oil Pipeline

U.S., Germany Strike a Deal to Allow Completion of Controversial Russian Nord Stream 2 pipeline

The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention be…

Energy Transition

BHP Considering Exiting Oil and Gas Business

Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels.