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Wind Farm
ACCIONA to Build a Largest Ever Wind Farm in Australia
ACCIONA will build its largest ever wind farm in Australia, the MacIntyre complex in Queensland, with a total capacity of 1,026MW. The project will boost the Qu…
Green Initiatives Almost Derailed The $2 Trillion Stimulus Bill
Oil prices crashed on Monday when the US Senate failed to reach a deal on the Stimulus Bill over the weekend. The idea was to quickly pass legislation that woul…
Oil Price
Libya Says Oil Shutdown Losses Exceed $3.5 Billion
Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when t…
Solar Company
LONGi Approves Almost US$1 Billion in Capex for 25GW of New Capacity in 2020
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has approved capital expendit…
5gw Clean Energy & Storage Plant
Beijing Jingneng Power Co., a Chinese state-owned utility, plans to invest 23 billion yuan ($3.3 billion) in a project that will combine wind and solar power ge…
Offshore Wind Power
Wind Energy Group Says $43 Billion at Risk from COVID-19
Energy groups continue to assess the industry disruption caused by the coronavirus, with the American Wind Energy Association (AWEA) on March 19 saying the glob…
Oil Price
US Seeks $3 Billion to Boost Oil Producers as Prices Plunge
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…
Oil Price
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Ant…
PG&E Wins Approval for $23 Billion Bankruptcy Financing Package
Power producer PG&E Corp (PCG.N) said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin News…
Oil&Gas Drilling
Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil
Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Anta…
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…
Market Analysis
World Fritters Away Half Trillion Dollars on Coal Support
Nations around the world risk wasting $640 billion by continuing to prop up the coal industry rather than investing in less expensive and environmentally friend…
U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain
With the economy reeling, United States President Donald Trump on Friday, March 13, declared a national emergency to stem the damage from the coronavirus, unloc…
Coal Power Developers 'Risk Wasting Billions'
Coal power developers risk wasting hundreds of billions of pounds as new renewable sources are now cheaper than new coal plants, a report has said.
Oil & Gas Trade
Oil Crisis Deepens in Libya as Losses Exceed $3 billion
The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation ann…
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