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Saudi Arabia
Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
Oil & Gas Trade
Iran Moves from Oil to Petrochemicals in Export
Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …
Oil&Gas Drilling
Demand For Offshore Oil Rigs To Return In 2022
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activitie…
Micro Reactor
USNC, Korean Companies to Develop Micro Modular Reactors
Ultra Safe Nuclear Corporation of the USA has signed a Memorandum of Understanding with South Korea's Hyundai Engineering and the Korea Atomic Energy Research I…
Microgrid
EAST AFRICA: EACREEE Joins Forces with RES4Africa to Promote Micro-Grids
The RES4Africa Foundation announced on July 29, 2020 that it has signed a Memorandum of Understanding with the East African Centre of Excellence for Renewable E…
Nigeria
Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…
Market Analysis
Oil Demand May Never Recover from COVID-19 Crisis, says Shell CEO
Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic.
Nuclear Power Plant
NPCIL Plans to Construct Four New Atomic Power Units
The Nuclear Power Corporation of India (NPCIL), a public sector company, has reportedly planned to build four new nuclear power units in 2020.
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
France
Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties
Schneider had previously forecast organic revenue growth and a higher core profit margin for the year, but scrapped this in March due to the pandemic
Spain
SABIC Chemical Pant in Spain to Operate on 100% Renewable Energy
Saudi Basic Industries Corporation (SABIC) signed an agreement Iberdrola, one of the world’s biggest electricity utility companies, to convert its polycarbonat…
Supply electromechanical equipment
Tenders are invited for Supply electromechanical equipment for the laboratory molecular control, in the context of tackling it COVID-19 pandemic.
France
Hydrogen Council Adds New Members Including Microsoft and Baker Hughes
The global coalition pushing for a power generation transition to zero carbon hydrogen has added a list of big corporate names to its membership.
IFC Assists SMEs in Nigeria to Navigate Economic Challenges
International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.

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Mic

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend

Iran Moves from Oil to Petrochemicals in Export

Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price

Demand For Offshore Oil Rigs To Return In 2022

USNC, Korean Companies to Develop Micro Modular Reactors

EAST AFRICA: EACREEE Joins Forces with RES4Africa to Promote Micro-Grids

Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector

Oil Demand May Never Recover from COVID-19 Crisis, says Shell CEO

NPCIL Plans to Construct Four New Atomic Power Units

Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands

Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties

SABIC Chemical Pant in Spain to Operate on 100% Renewable Energy

Supply electromechanical equipment

Hydrogen Council Adds New Members Including Microsoft and Baker Hughes

IFC Assists SMEs in Nigeria to Navigate Economic Challenges