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Oil Price

Oil Could Dive Below $10 if OPEC & Allies Fail to Agree Production Cut Deal

According to the agency's report, a fall in demand and an increase in supply could result in more than 20 million barrels per day of excess oil.

Gas Turbine

‘Major Milestone’ For Siemens

Siemens Energy said it has achieved a major milestone by successfully starting the world’s first SGT6-9000HL gas turbine at Duke Energy’s Lincoln Combustion T…

Oil Price

Oil Rises 3% on Hopes for Output Cut as Coronavirus Ravages Demand

Oil prices rose on Tuesday as hopes grew that the world's major oil producers would agree to cut production.

Crude Oil

The World’s Biggest Oil Deal Can’t Save Crude Prices

G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-pr…

Hydrogen Fuel Cell Vehicle

Mitsubishi Sustainable Hydrogen MoU Signed with Multiple Corporations

The memorandum of understanding was inked with an affiliate and five companies in Singapore.

Market Analysis

Exploration Drilling for Geothermal Energy Started in Uganda

​In December 2019, we reported on the planned start of exploration drilling for geothermal in Uganda. As has now been reported from Ugada, Royal Techno Industr…

Energy Storage Battery

NT Plans Big Battery in Darwin to Cut Gas Costs and Accelerate Solar

The Northern Territory government has announced plans to spend $30 million on a big battery for the Darwin-Katherine grid, a move it says will pay for itself wi…

Crude Oil

OPEC’s Plan To Take Over The Global Oil Industry

The first three months of 2020 have shocked the global energy market to its foundations.

Electric Car

Toyota and BYD Announce New EV R&D Venture

Japanese vehicle brand Toyota and Chinese mega-manufacturer BYD have announced the launch of their new joint-venture, BYD Toyota EV, which will see the two gian…

Market Analysis

Oil Industry Joins The Fight Against Coronavirus

The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery perso…

Oil Price

Russian Oil Firms Ready To Agree To A Production Cut Deal

With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be…

Oil & Gas Trade

Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to

President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…

Construct 230/11kv Okvau Transmission Substation

The substation will serve the Mondulkiri province-based Okvau Gold Project, which is owned by Australia-listed mining firm Emerald Resources NL. The project is …

Machines and equipment for production

Tenders are invited for Acquisition of equipment for parmes 2905002 "machines and equipment for production"

China: Solar Industry Estimated to Make Full Recovery by Q2

Solar manufacturing was severely disrupted in Q1 2020 as the Chinese national holiday was extended and restrictions were placed on movement.