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Crude Oil

Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa

The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specia…

Oil&Gas Drilling

Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years

The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-coun…

Oil & Gas Trade

Saudi Arabia's Oil Exports to Drop in May as Demand Slides

Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.

Oil & Gas Trade

U.S. Oil Futures Plunge Nearly 25 Pct Amid Fears of Filled Storage

Oil prices fell significantly on Monday with the U.S. benchmark down nearly 25 percent amid fears over a growing scarcity of oil storage space.

Nuclear Power Plant

No Radiation Risk from Fires at Chornobyl: IAEA Report

A recent fire in a restricted area near the chernobyl nuclear power plant in Ukraine poses any radiation-related risk.

Oil & Gas Trade

Iran's Petrochem Revenues to Drop by 30 Pct over COVID-19

Iran's revenues from exports of petrochemical products will decrease by nearly one third as the novel coronavirus pandemic has posed an adverse effect on the in…

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.

Market Analysis

When Oil Became Waste: A Week of Turmoil for Crude, and More Pain to Come

In its nearly 40-year history, U.S. oil futures have never fallen below $10 a barrel.

Gas Turbine

Côte d’Ivoire’s Azito Power Plant Expansion Attracts MIGA Guarantees

​Building on nearly two decades of World Bank Group support for Côte d’Ivoire’s energy sector, MIGA has issued guarantees for the Phase 4 expansion of the A…

Wind Power Project

Elecnor Commissions €53m 50MW Wind Park Near Valencia

Spanish renewable energy and infrastructure company Elecnor has commissioned a 50MW wind farm in Spain’s Comunidad Valenciana regio.

Wind Turbine

Dominion Energy Nears Construction on First-Ever Offshore Wind Turbines in U.S. Federal Waters

The turbine assembly and monopiles offshore wind (CVOW) pilot project off the Virginia coast announced today has begun.

Nuclear Power Plant

Argentinean Projects to Resume After Hiatus

CAREM - the name is taken from Central ARgentina de Elementos Modulares - is Argentina's first domestically-designed and developed 25 MWe nuclear power unit.

Oil & Gas Trade

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse

The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.

Wind Farm

Construction of Tanzania's First-Ever Wind Farm Nears Completion

Construction of Tanzania's first wind farm is nearing completion.

Nuclear Power Plant

Three New Wildfires Break out Near Chernobyl Nuclear Power Plant

Three new wildfires have broken out in the radiation-contaminated evacuation zone around the wrecked Chernobyl nuclear power plant in Ukraine.