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BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Climate Policy
China Launches Carbon Emissions Trading Scheme
The system is expected to eclipse that of the European Union to become the world's largest emissions trading scheme (ETS).
Tidal Energy
Sabella Acquires GE's Tidal Assets
Sabella has acquired the tidal energy assets of GE Renewable Energy.
Hydrogen Project
Countries Roll Out Green Hydrogen Strategies, Electrolyzer Targets
Countries are increasingly embedding green hydrogen’s potential to decarbonize hard-to-abate sectors within ambitious strategies.
Hydropower Plant
SJVNL gets Another Mega Hydropower Project in Nepal
Public sector Satluj Jal Vidyut Nigam Ltd on Saturday said it was awarded another mega hydropower project in Nepal through international bidding, including Chin…
Net Zero Emission
Japan Energy Firm Inpex Sets 2050 net Zero Emission Goal
The move comes after Japanese Prime Minister Yoshihide Suga pledged to make Japan carbon-neutral by 2050 and with global oil and gas companies shifting away fro…
Wave Energy Converter
NREL’s Wave Energy Shape-Shifter gets Concrete Footing
Rethinking traditional wave energy converter designs, the researchers at the National Renewable Energy Laboratory have started developing the next-generation co…
Crude Oil
Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says
The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets
Market Analysis
China Sets 2020 Milestone in Wind-Power Capacity Growth
Construction of wind power in China, offshore and onshore, nearly tripled in 2020 over the previous year, hitting a new record of nearly 72 GW, according to dat…
Oil Exploration
Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area
The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas
Oil Exploration
Eni Gets New Licence in UK North Sea
Italian oil and gas company Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licens…
Hydrogen Project
Frankfurt Trials Hydrogen Bus
DB Regio Bus is trialling a hydrogen-powered bus on the streets of Frankfurt, Germany.
Energy Investment
China's CEIC, China Reform set up $1.55 bln New Energy Fund
Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…
Hydropower Plant
Arunachal Pradesh: Kameng Hydro Power Plant gets fully commissioned
The North Eastern Electric Power Corporation on Tuesday successfully synchronized the fourth generating unit of 150 MW of the 600 MW Kameng Hydro Power Plant wi…
Oil & Gas Trade
Uzbekistan to Open up Electric Power, LPG Markets Amid Shortages
Uzbekistan exports natural gas, mostly to China, but it has experienced shortages this winter, prompting cuts to export shipments and discontent among household…
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