Dec

Oil Price

Exxon To Slash Spending As Oil Price Collapse Continues

Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravate…

Global Wave and Tidal Stream Energy Production Surges Tenfold

Global wave and tidal stream energy production have risen tenfold over the last decade, according to a report issued by Ocean Energy Systems (OES).

Gas turbine engine

Siemens Receives Third Order from Belarus for SGT-800 Gas Turbines

For the third time in three months, Siemens has received an order from Belarus to supply SGT-800 industrial gas turbines.

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…

Clean Energy Transition

IEA: Coronavirus May Hamper Clean Energy Transition & Climate Action

The coronavirus pandemic might lead to a decline in carbon emissions in the short-term, but may pose a threat to long-term climate action as it will also underm…

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…

Oil & Gas Trade

Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%

​The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.

Offshore Wind Power

The U.S. Is Ramping Up Its Wind Power Production

We already know that in order to meet the international greenhouse emissions standards set by the Paris climate agreement, we are going to have to do a lot more…

Market Analysis

Is Green Hydrogen The Route to Decarbonization?

Years from now, historians may very well view our modern day era as the period in which energy leaders and private investors truly began to see green hydrogen f…

Gas power plant

IFC Leads Financing for 390 MW Natural Gas-Fired Power Plant

The International Finance Corporation (IFC) announced the signing of a €303m ($346m) financing package for a new gas-fired power project in Côte d’Ivoire.

Climate Policy

Coronavirus And Global Supply Chain Disruption: A Wake-Up Call For Climate Policy?

Coronavirus has slowed down economic activity and temporarily reduced China’s carbon emissions. However, there is a deeper implication for climate policy: deca…

Oil & Gas Trade

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…

Energy Storage Battery

$89M RINGO Energy Storage Project Starts Work in France

Italian multinational Nidec has started work on the first energy storage system in mainland France as part of an €80m ($89m) pilot project for French transmiss…

Wind Turbine

Longer Turbine Blades Have Slashed Wind Energy Costs

Longer wind turbine blades over the last decade have allowed wind developers to produce more power without making turbines taller and could continue to drive fu…

Nuclear Fuel

IAEA Raises Alarm Over Iran’s Nuclear Programme

Iran has nearly tripled its stockpile of enriched uranium over the last three months in violation of its agreement with world powers and is refusing to answer q…