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Oil & Gas Trade

IMF Sees Oil Prices Averaging $50 In 2021

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019

Liquid Hydrogen

Kawasaki Heavy To Start Liquid Hydrogen Shipments Spring 2021

Japan’s Kawasaki Heavy Industries is aiming to replicate its success as a major liquefied natural gas (LNG) tanker producer with hydrogen, a key element that m…

Solar Power Plant

Iberdrola and Danone España Join Forces Behind the Creation of Europe's Biggest Photovoltaic Plant

Iberdrola and Danone have joined forces in their sustainability commitments with the signing of a long-term Power Purchase Agreement (PPA), which will drive the…

Oil Price

Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices

All forms of energy needed' to meet 45% rise in energy demand by 2045.

Coal Trade

Morocco Relying more Heavily on Russian Coal

Morocco's reliance on Russian coal imports increased in the first 11 months of 2020, as receipts from other sources fell sharply.

Solar Power Plant

Malaysian Power Company Buys BayWa r.e. Solar Farms

BayWa r.e. has announced the successful sale of two solar farms in Malaysia to a local renewable energy-focused independent power producer (IPP), reNIKOLA Sdn B…

Nuclear Power Plant

Armenian Nuclear Power Plant’s License to Be Extended Until 2026

Armenia’s State Nuclear Safety Regulatory Committee will extend the license for the operation of the Armenian NPP until 2026 after the successful implementatio…

Crude Oil

U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline

Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their tot…

Thermal Coal

South Korean Coal Prices Ease on Milder Outlook

Thermal coal prices for South Korea fell this week, with milder weather expected next month.

Personnel Appointment

Department of Energy Announces New Senior Leaders

Tarak Shah to Serve as Chief of Staff, David G. Huizenga to Serve as Acting Secretary

Oil Field

Rystad: Oilfield Services Sector will Struggle to Repeat Former Glory Amid Energy Transition Push

the transition to cleaner energy technologies is accelerating and many suppliers will have to make existential changes to survive. Rystad Energy has evaluated w…

Oil&Gas Drilling

Egypt Awards Red Sea Oil and Gas Exploration Concession to Mubadala Petroleum

New agreement adds to Mubadala Petroleum's Egypt portfolio that includes Shorouk and Noor exploration concessions

Oil Price

Price Dispute Shrinks Russia Oil Pipeline Exports

Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing wit…

Supply of goods and associated services for construction of Dasht-i-Vanj

Supply of goods and associated services for construction of Dasht-i-Vanj and Voznavd 110/35kV substations in Vanj and Rushan districts of VMKB, Tajikistan.

Nuclear Reactor

Darlington Unit 3 Ready for Disassembly

Darlington unit 3 is ready to begin the next stage of its refurbishment - disassembly - after successful separation of the reactor and its systems from the thre…