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Energy economy
Oil Refinery
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…
Russian Federation
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Natural Gas
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Wind Power Company
Vattenfall Wind Business Records Q1 Earnings Dip
Results affected by unfavourable weather conditions despite new capacity
Major Chinese Investors Could Buy Stake In Aramco
Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stak…
Energy Investment
Energo-Pro Completes Largest Czech Investment in Hydropower Industry
Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the l…
United States
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for …
Oil Field
Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement
Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel
Energy Investment
South Korean and Chinese EV Battery Companies Competing in Hungary
South Korean EV battery companies are increasing their investments in Hungary rapidly, and yet it is China that made the largest investment in the industry in H…
Oil Price
Qatar Petroleum Plans Debut Dollar Public Bond Sale
The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of…
Energy Investment
Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub
Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.
Wind Power Project
Vestas Offloads 118MW US Wind
Vestas, through its US development arm, has sold a 118MW wind farm to Southern Power.
Energy Investment
Egypt’s Kom Ombo Solar Plant Receives Funding
The European Bank for Reconstruction and Development, the OPEC Fund for International Development.
Energy Technology
Greenpeace Chides Alibaba and GDS on Energy as China Tech Cleans Up
The group blasted China's biggest tech company and its biggest independent data center operator for emissions opaqueness and dearth of renewable commitments.
O＆M
Sumitomo and Corvus Energy form Maritime ESS Joint Venture
Japanese trading house giant Sumitomo Corporation and Norwegian ESS specialist Corvus Energy have established a Tokyo-based joint venture to sell ESS and provid…
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