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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 …

Portugal

European Energy Giants Partner on H2Sines Green Hydrogen Production Project

EDP, Galp, Martifer, REN, Vestas and several European partners have proposed to evaluate the viability of the H2Sines project.

Geothermal Power Plant

Indonesia not to Offer Geothermal Working Areas for the Next Two Years

Reported this morning, the Indonesian Ministry of Energy and Mineral Resources has confirmed that it will not offer geothermal working areas for the next 2 year…

Oil & Gas Trade

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia

The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…

Oil & Gas Trade

Ukraine to Increase Domestic Natural Gas Production

Ukraine’s largest natural gas producer, Ukrgasvydobuvannya, will increase domestic natural gas production, reduce the country’s dependency on imports and impr…

Nuclear Power Plant

Moltex Selects Jacobs for New Type Nuclear Power Reactor Development

Moltex Energy has selected US-based professional services firm Jacobs to support its development of a new type of nuclear power plant.

Oil & Gas Trade

US Firm Secures Oil Deal with US-Backed Forces in Syria

A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the…

China

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.

LNG

Global LNG Deliveries Fall Again in July

Global LNG deliveries fell on the year for the second consecutive month in July, mostly as a result of slower demand in Latin America and some of the largest im…

Electric Car

NIO Delivered 3,533 EVs in July, up 322.1% YoY; 17,702 Units Year-to-Date

China-based premium EV-maker NIO reported that it delivered 3,533 vehicles in July 2020, representing a robust 322.1% growth year-over-year.

Nuclear Power Plant

Jacobs to Support Development of Moltex Energy's Stable Salt Reactor

US-based Jacobs announced it has been selected to support development of Moltex Energy's Stable Salt Reactor.

Chile

CORFO to Support Project Boosting Use of Green Hydrogen in Mining

Chilean governmental organisation CORFO is providing support to a project developing hybrid power train modules for Chilean mining.

United Kingdom

Scottish Government Renews Pledge to Support Hydrogen Industry

The Scottish Government has today renewed its pledges to support the hydrogen industry – a move welcomed by Ryse Hydrogen boss Jo Bamford.

Oil & Gas Trade

China’s Crude Oil Imports Drop From Record Highs

China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.

Biobattery

Department of Energy Announces $97 Million for Bioenergy Research and Development

The U.S. Department of Energy announced more than $97 million in funding for 33 projects that will support high-impact technology research and development.