Economy

Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee a…

'Hypocrisy' : 90% of UK-Africa Summit’s Energy Deals Were in Fossil Fuels

More than 90% of the £2bn in energy deals struck at this week’s UK-Africa investment summit were for fossil fuels, despite a government commitment to “suppor…

DOE Secretary Says Coronavirus Unlikely to Hurt Energy Markets in Near Term

US Energy Secretary Dan Brouillette played down the effect that a coronavirus outbreak in China would have on energy markets, describing the impact as "marginal…

The Brazilian Bioenergy Firm to help Zambia Develop the Biofuel Industry

The Brazilian Bioenergy, Ethanol and Sugarcane Association has pledged to support Zambia with technological advancements in its quest to develop the Biofuel Ind…

Siemens Gamesa Swings to Loss and Cuts Guidance

Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year…

Nuclear Technology

France and Poland Should Consider Nuclear Energy Cooperation

France and Poland should consider cooperation in nuclear energy, French Finance Minister Bruno Le Maire said on Monday, as central Europe’s largest economy loo…

U.S. Agriculture Dept. Creating Incentive Program to Boost Ethanol & Biodiesel Sales

The U.S. Department of Agriculture (USDA) is seeking input from biofuel stakeholders as it works to create the Higher Blends Infrastructure Incentive Program (H…

Brexit Day: The Great Green Gamble Begins

Whether you regard the prospect as exciting or terrifying, the UK is embarking on an uncertain journey outside the EU - the consequences for the environment and…

Oil & Gas Trade

China’s Oil Demand Drops 20%

Chinese oil demand has dropped by about three million barrels a day, or 20 per cent of total consumption, as the coronavirus squeezes the economy.

U.S. Extends Clampdown on Iran With Sanctions on Energy Firms

The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort …

New Trump Administration Rule Complicates Efficiency Standards

Energy efficiency standards for facility equipment, such as commercial air conditioners and lighting, is the “top US policy for saving energy in buildings,” s…

Energy Management System Market to Reach $43 Billion by 2024

Energy Management System Market is set to grow from its current market was valued at over USD 23 billion in 2018 to USD 43 billion by 2024, according to a new r…

Solar Power Plant

Electrifying Nigeria: could Solar Power one Million Households?

Nigeria is one of Africa’s dominant countries, with the highest population and greatest GDP on the continent, according to the International Monetary Fund. Boa…

Rising Demand for Steel And Energy Pushed Global Coal Use

The global maritime coal trade grew 0.7 per cent last year, helped by increased output in China and Indonesia, according to Germany’s VDKI coal importers lobby…

Global Power Industry Tenders In December 2019: Solar Technology Declines 24%

Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 65 tenders and a share of 72.2% during…