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Market Analysis
Origin Braces for Tougher Year as Virus Hammers Energy Markets
Australian power giant Origin Energy is bracing for a tougher-than-expected year ahead as lower wholesale electricity prices erode profits and the oil price cra…
Libya
Turkey Set to Receive $35 billion in Libya Contracts
Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another …
Nigeria
NPDC Planning 500,000 barrel of Crude Oil Per Day
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …
Crude Oil
Storage Levels for Crude Oil are Starting to Decline as Economies Recover
As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.
Nuclear Power Plant
The UAE's Newly-Launched Nuclear Power Plant Connects to National Grid
The UAE's newly-launched nuclear power plant connects to national grid.
Crude Oil
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the …
United States
Trump 'Postpones' US-China Trade Talks: Update
US President Donald Trump has again called into question the future of trade talks with Beijing, despite a recent surge in US crude shipments to China under the…
Crude Oil
Could The GNA Ever Successfully Control Libya’s Oil?
The success of the Tripoli-based Government of National Accord in forcing the withdrawal of the eastern-based Libyan National Army from northwestern Libya has l…
Energy Storage Battery
LS Power Energizes World’s Biggest Battery, Just in Time for California’s Heat Wave
Gateway Energy Storage heralds the arrival of a new era of mega-batteries on the U.S. grid.
Wind Power Project
Government of Egypt, Vestas Sign 250MW Wind Deal
The Government of Egypt has signed an agreement with Vestas and other European partners to develop a 250MW wind project located in the Gulf of Suez.
Nuclear Power Plant
Kenya Seeks Regulatory Approval for Nuclear Power Plant
Kenya is seeking regulatory approval to allow the country to construct a nuclear power plant to boost its energy portfolio but a move that is set to put it at l…
Nuclear Power Plant
UAE's Nuclear Power Plant Connects to the National Grid in a Major Regional Milestone
Unit 1 of the UAE's Barakah plant — the Arab world's first nuclear energy plant — has connected to the national power grid.
Energy Storage Project
Azelio And Alec Energy Sign 49MW Energy Storage Deal For Masdar City
Azelio will install a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University.
Oil Pipeline
Egypt Brings Online New Crude Pipeline at al-Hamra port
Egypt has brought online a new crude oil pipeline at the al-Hamra petroleum port on the Mediterranean Sea.
Oil & Gas Trade
US Eyes October Deadline to End Exemptions on Venezuela Oil Sanctions
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the S…
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