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Oil
Oil Price
Petronas Expects a Challenging Year as Q1 Profit Falls about 70 Pct
May 22, declined 4.66 per cent to US$34.38 per barrel.
Energy Storage Battery
Global Battery Storage Market Set for 23.3 GW Growth in 2025
May 21 - The global battery energy storage market is gearing for a strong rebound in 2021 after the COVID-19 turmoil, with annual capacity additions expected to…
Renewable Energy
ONGC, NTPC Sign Pact to Form JV for Renewable Energy
State run oil explorer ONGC and power generator NTPC have signed a pact to form a joint venture company for renewable energy.
Solar Power Plant
Amazon Clicks Buy on 615 Megawatts of Large-Scale Solar
Amazon will add 615 megawatts of solar projects to its existing and announced renewables portfolio of more than 2.9 gigawatts, the technology and shipping giant…
Solar Power Plant
OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic projects to produce renewable electricity for export and for meeting incre…
Oil Price
Canada Energy Minister: Oil Price Recovery will be Gradual
In an interview with Energy Intelligence, Sonya Savage, Energy Minister of Canada's hydrocarbon-rich province of Alberta said, the oil price recovery will be gr…
Oil & Gas Trade
Lukoil´s 1Q Hydrocarbon Production Fell
In the 1st quarter of 2020 Lukoil's daily hydrocarbon production (excluding the West Qurna-2 project) totaled 2,328 thousand boe per day, which is 2.1% lower ye…
Shell Evacuates Foreign Staff From Iraq's Basra Gas Project
Shell (RDSa.L) temporarily evacuated foreign staff, numbering around 60, from Iraq’s Basra Gas Company for security reasons and flew them out of the country bu…
CNPC
China's Crude Oil Imports to Rise 2% y/y in 2020
China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, accordi…
Thermal Plant
Bangladesh's 300MW Oil-Fired Plant Bags $199.75 Loans
It’s the first IPP in Bangladesh financed by international commercial financiers.
Oil & Gas Trade
Malaysia's Petronas to Sell LNG to Chinese Firm's Tank Facility
Malaysia’s Petroliam Nasional Bhd [PETR.UL] has signed a deal to supply liquefied natural gas (LNG) to an ISO tank-filling facility owned by China’s Tiger Cle…
Oil Field
U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale
ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…
Oil & Gas Trade
Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels
Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.
Energy Transition
Australia Looks to Big Oil in Latest Plan to Curb Emissions
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleu…
Oil & Gas Trade
Coronavirus Creates Repair Headache for Oil and Gas Industry
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems fo…
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