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Oil Price

Aramco Earnings Plunge By 25% As Low Oil Prices Persist

Despite the profit slump of US$6 billion in Q1, Aramco’s free cash flow was more resilient and fell to US$15 billion from US$17.4 billion in Q1 2019.

Solar Power Plant

The Largest Solar Farm in Australia will be Launched in South West Queensland

France-based renewable energy developer Neoen signed a 352 MWp power purchase agreement related to a solar farm with CleanCo of Queensland, Australia.

Coal Trade

China Should Tighten Controls on Met Coal Imports: CCTD

China's government-backed coal transport and distribution association has called on authorities to tighten restrictions on imports of metallurgical coal.

Oil & Gas Trade

Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%

Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …

Coal Production

Coal Power Tipped to Decline in APAC in 2020

Low electricity demand hit coal-fired generation in India and Southeast Asia.

Coal Trade

BNP Paribas Accelerates Its Exit from Coal in OECD Countries

French bank BNP Paribas is expanding to all OECD countries its target to end relationships with customers that use coal to generate electricity by end 2030, it …

Prominent Russian Academic Promotes Nuclear Production of Hydrogen

Nikolay Ponomarev-Stepnoy, scientific advisor to the director general of Russian nuclear utility Rosenergoatom, said on 7 May that Russia “may take a leading p…

Wind Power Project

Inox Wind Begins Execution of 1st Phase of Wind Power Projects in Gujarat

Wind energy solutions provider Inox Wind on Monday said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the rece…

Crude Oil

Saudi Arabia to Cut June's Oil Production

Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…

Nuclear Power Plant

E.ON Sold Ahead German Nuclear Power at Above Market Prices

Sixty-five per cent of nuclear capacity in 2021 and 34 per cent in 2022 will be sold at well above current wholesale market prices, boosting the sector's earnin…

Geothermal Power Plant

Clean Technology Fund Injects $10m Into Ethiopia's Geothermal Capacity

The clean technology fund trust fund committee provided a concessional loan of us $10 million for Ethiopia's 50 megawatt tulu moyo geothermal power plant projec…

Oil & Gas Trade

The Oil and Gas Industry is Losing Young Professionals

The oil and gas industry is grappling with a growing employment crisis as young professionals steer clear of the ailing industry

Energy Saving

A Blooming Chance for Renewable Energy Amid Coronavirus?

In the face of multiple crises, governments can kill two birds with one stone by going big on green stimulus, rescuing the economy while also making big cuts to…

Wind Power Company

Siemens Unveils Plan to Merger Wind Operations with Flender

Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines.

Electric Car

Elon Mask Says He is Ready to be Arrested for Reopening California Plant

Tesla CEO Elon Musk confirmed on Twitter that the company has restarted its California factory, a move that defied local government orders involving measures to…