Bill

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…

Off-Grid

Off-Grid Energy Key to Power Growth in Emerging Markets

Approximately $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019.

Oil Price

Lower Oil Prices to Provide Tailwinds to Indian Economy

The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…

Wind Turbine

Wind Turbine Orders Hit £60bn Over 2019, Woodmac Finds

Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac). The research firm claims that of the £60…

Solar Power Plant

AfDB Provides $150m to Electrify 250,000 Households with Solar

The Kenyan government has recently secured $150 million (over 15 billion Kenyan shillings) from the African Development Bank (AfDB). The funds will provide sola…

Solar Power Plant

Nation’s Largest Community Solar Program Set to Launch

Florida Power & Light (FPL) on March 3 received approval from state regulators to launch the nation’s largest community solar program. FPL’s $1.8 billion Sola…

240 EV Companies Raised ~$17 Billion In 2019

It seems like e-Mobility has become the new tech market for all types of investors. Companies like Tesla, Rivian, Byton, Bird, Tier Mobility, Sono Motors, and C…

Poland Faces $15 Billion Nuclear Power Bill over 20 Years

Poland will have to spend 60 billion zlotys (12.2 billion pounds) on its planned nuclear power plants over the next 20 years, the Polish minister responsible fo…

New Production Facility For Battery In Ningde China

Chinese battery cell manufacturer CATL is planning a new production facility in China. Up to 10 billion yuan will be invested in a new plant in Ningde, which is…

Solar Company

AES Gener Announces Investment in 1.6 GW of Renewables in Chile

Santiago-based power company AES Gener SA said it will invest USD 1.8 billion (EUR 1.6bn) to add around 1.6 GW of new wind and solar capacity to portfolios in C…