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Bill
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
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.
Energy Storage Project
EU Greenlights EUR 3.2 Billion Battery Research Project
The European Commission approved Monday under EU state aid rules a 'Common European interest' project jointly notified by seven EU Member States to support rese…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
SunPower Bolsters Residential Solar Loan Programme with USD-1bn Partnership
SunPower Corp has entered into a USD-1-billion (EUR 919m) partnership with Technology Credit Union (Tech CU) that gives the Silicon Valley-based solar company a…
Market Analysis
Renewables Market to Hit $226 Billion by 2021, Despite COVID-19
A new report exploring the impact of COVID-19 on the global market for renewable energy has been released.
Crude Oil
Algeria Says Proven Oil Rserves at 10 Billion Barrels
OPEC member Algeria's proven oil reserves are currently 1.34 million tonnes, or 10 billion barrels, Energy Minister Mohamed Arkab said on Sunday.
State Grid
State Grid Corp of China to Spend $383m for Setting up 78,000 Charging Piles
State Grid Corp of China said on Tuesday that it would invest 2.7 billion yuan to set up 78,000 charging piles across the country, as China seeks to further pro…
Nuclear Power Plant
Nuclear Power Plant and Equipment Market Turning Up the Juice
The global market for nuclear power plants and equipment is worth $36.2 billion.
Market Analysis
NAMIBIA: $63.23 Million Invested in Environmental Preservation Over 5 Years
According to a report recently released by the government of Namibia, N$1.2 billion (US$63.23 million) has been invested in environmental conservation. The fund…
Oil & Gas Trade
Nigeria's Oil, Gas Exports Hit $5.1bn in One Year - NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that the country exported oil and gas worth about $5.18 billion in the last one year, spanning betwe…
Oil & Gas Trade
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…
ExxonMobil Breaks Ground on Multibillion-Dollar Chemical Complex in China
Multinational oil and gas corporation ExxonMobil Wednesday broke ground on its solely-funded chemical complex in Huizhou, southern China's Guangdong Province.
Smart Grid
ASEAN Smart Grid Market Expected to Reach $2.94 Billion by 2024
The ASEAN smart grid market is projected to grow from $1,248.8 million in 2019 to $2,949.6 million by 2024, at a CAGR 18.76% from 2019 to 2024.
Market Analysis
Analysis: Wind Energy Expansion Would have $27 Billion Economic Impact in the U.S.
Wind, which generates less greenhouse gas emission than burning fossil fuels, is making up an increasing share of the energy production portfolio in the United …
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