Eig

Shell Evacuates Foreign Staff From Iraq's Basra Gas Project
Shell (RDSa.L) temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country bu…
Norway’s Fund Giant Blacklists RWE and Puts Enel on Notice Over Coal Concerns
Leading energy majors have joined the list of firms facing a cut-off from the world’s largest sovereign fund, who is now acting to shed stakes in businesses pr…
Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor
Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.
Norway Takes $41 Billion From Oil Fund To Bolster Economy
Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…
Oil Price
Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts
Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reduction…
Coal Trade
Australia Eases Access to Seaborne Coal Markets
Coal ports in Queensland, Australia, are easing restrictions on covid-19 for foreign crew members.
Oil Price
Oil Glut Drives Oil Prices Lower
Oil prices opened about 1% lower on Monday in Asia as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even …
Hydropower Plant
Azerbaijani Deputy FM Talks about Construction of Hydroelectric Power Plants
Azerbaijani Deputy Foreign Minister Khalaf Khalafov has clarified the issue related to the construction of the ‘Khudaferin’ and ‘Giz Galasi’ hydro-junctions…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Executive Order to Protect U.S. Bulk Power System Includes Hydropower
U.S. President Donald Trump signed an executive order last week that prohibits bulk power system equipment from foreign companies because his administration bel…
Coal Mine
CSX’s Coal Freight To See 20% Decline In 2020?
There are several factors behind the revenue decline: There has been an overall shift to natural gas to meet the energy demand, as it is a cleaner form of energ…
Offshore Wind Power
First Jacket Foundations Arrive for Moray East Offshore Wind Farm
The first eight jacket foundations for the Moray East offshore wind project arrived in the Port of Nigg in Scotland at the weekend.
Crude Oil
Oil Rises Further Above US$26 as Opec+ Begins Record Cuts
Oil rose further above US$26 a barrel on Friday as Opec and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that…
Oil & Gas Trade
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Covid-19 is Heightening the Stakes for Off-Grid Solar in Africa
“Without energy, we can’t fight this,” said Bill Lenihan, CEO of Zola Electric, a company that develops solar and storage systems in Africa.

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Eig

Shell Evacuates Foreign Staff From Iraq's Basra Gas Project

Norway’s Fund Giant Blacklists RWE and Puts Enel on Notice Over Coal Concerns

Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor

Norway Takes $41 Billion From Oil Fund To Bolster Economy

Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts

Australia Eases Access to Seaborne Coal Markets

Oil Glut Drives Oil Prices Lower

Azerbaijani Deputy FM Talks about Construction of Hydroelectric Power Plants

Oil Exports Fetch USD 1.4 Billion in Libya

Executive Order to Protect U.S. Bulk Power System Includes Hydropower

CSX’s Coal Freight To See 20% Decline In 2020?

First Jacket Foundations Arrive for Moray East Offshore Wind Farm

Oil Rises Further Above US$26 as Opec+ Begins Record Cuts

Refined Oil Product Freight Rates Nearly Double in a Week

Covid-19 is Heightening the Stakes for Off-Grid Solar in Africa