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Russian Federation

Gazprom Neft profit slumps 80% in Q2

Russia's Gazprom Neft, the oil business of state gas company Gazprom, said weak oil prices had driven a near 80% slump in second-quarter net profit to 22 billio…

Energy Storage System

Energy Storage Systems Market to Expand by over 6% per Annum

The global energy storage systems market size surpassed $340 billion in 2018 and is set to achieve over 6% CAGR up to 2025.

Oil&Gas Drilling

World’s Largest Offshore Rig Owner Files Bankruptcy

UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8…

Libya

Turkey Set to Receive $35 billion in Libya Contracts

Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another …

Solar Power Panel

Turkey Opens Integrated Solar Cell Factory within USD 1.4 Billion Project

Kalyon and China’s CETC built a manufacturing complex in Ankara for all components for solar power panels.

Supply of electricity subscription and billing prints

Tenders are invited for Supply of electricity subscription and billing prints

Solar Plus Storage

During the day the sonnenBatterie optimizes the use of self-generated solar power, saving money on household electric bills.

Libya

Libya Suffers over $8 Billion Losses in Blockaded Oil Production

Libya has suffered over $8 billion in losses as a result of the oil blockade and the closure of oil wells by Khalifa Haftar’s forces in the past 200 days, the …

LNG

Sempra Energy Says Cameron LNG Plant Launches Full Commercial Operations

US energy company Sempra Energy said late Monday its $10 billion Cameron liquefied natural gas (LNG) export terminal in Louisiana has started full commercial op…

United States

Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump

Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…

Oil & Gas Trade

Algeria's Gas Exports to Fall Sharply in 2025

Algeria's gas exports will drop to 26 billion to 30 billion cubic metres per year in 2025 from 45 billion in 2020.

Saudi Arabia

Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance

Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…

LNG

Inpex Hit by $1.3 bln Australian LNG Assets Impairment

Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.

Coal Mine

Peabody Energy Writes Down Value of World's Largest Coal Mine by $1.42 billion

Coal giant Peabody Energy is writing down the value of its huge North Antelope Rochelle Mine in Wyoming by $1.42 billion.

Hydropower Plant

Tanzania is Constructing Africa's LARGEST Hydro-Power Dam on River Rufiji

Tanzania is building the $3.6 billion Julius Nyerere Hydropower Station.