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Oil Price

In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude

Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.

Crude Oil

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd

U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…

Nuclear Technology

Westinghouse Electric Company Installs 3D Printed Part in Commercial Nuclear Reactor

A significant milestone for additive manufacturing has been achieved in the nuclear industry: a first-of-its-kind 3D printed component has successfully been ins…

Oil & Gas Trade

Why Russia Finally Accepted Deeper Oil Output Cuts

When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite …

Crude Oil

Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa

The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specia…

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…

Crude Oil

Numaligarh Refinery to Import 21TMT of Crude Oil from Petronas Malaysia

NRL will take advantage of the collapse in oil prices to import 21 tonnes of crude from petronas.

Oil Price

Oil Prices Fall as Rising U.S. Inventories Reassert Supply Concerns

Oil prices fell Wednesday, ending a multi-day rally.

Oil Price

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

​Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…

Oil & Gas Trade

Venezuela Oil Exports Climb As OPEC Agreement Kicks In

​While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…

Local Company Seeking Permit for Geothermal Project at Noville, Lake Geneva, Switzerland

​Reported locally before the weekend, company Petrosvibri wishes to develop a deep geothermal energy project under Lake Geneva in Noville (VD), Switzerland. Th…

Oil Shale

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

​Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …

Oil Price

Canada’s Oil Patch Struggles To Survive The Worst Recession Ever

Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o…

Oil Price

Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout

​U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…

Wind Turbine

East Anglia ONE Offshore Windfarm Completes Turbine Installation

​ScottishPower Renewables and Macquarie’s Green Investment Group (GIG) have successfully installed every single turbine on the East Anglia ONE offshore windfa…