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Power Construction
Critical Grid Reforms for Battery Power Delayed
The power supply industry will get only an extra three months to prepare for the major overhaul of IT systems required to move to a five-minute settlement in th…
Oil Price
European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021
Italy's Eni lowered its long-term oil price assumptions on Tuesday.
Oil Price
Oil Price Crash Causes Major Recession In Russia
The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the m…
Solar Power Plant
Floating Solar Farms Make Waves in Southeast Asia
They can help insulate coal-importing ASEAN countries from volatile fuel prices.
Market Analysis
Big Oil Confronts Possibility of Terminal Demand Decline
Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak dem…
Coal Production
Indonesia Sets July Coal Benchmark Price at Lowest in 4 yrs
The Indonesian government set its coal benchmark price (HBA) for July at $52.16 per tonne, down from $52.98 per tonne last month
Crude Oil
Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…
South Africa
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
LNG
India's Top Gas Importer Close to Long-Term Deal Around Spot Prices
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum of liquefied natural gas with prices near the spot…
Oil Price
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Coal Trade
IndexBox: Asia Pacific Coal Market Rises for Third Consecutive Year
In 2019, the Asia Pacific coal market increased by 6.1% to US$751.8 billion, rising for the third consecutive year after four years of decline.
Energy Transition
Japanese Firms Urge Government to Shift to Renewables
They also recommended introducing carbon pricing.
Solar Power Plant
Wood Mackenzie: Utility Solar Prices Drop in US
Solar PV system costs in the US are falling faster than anticipated across all market segments.
Coal Trade
US Hampton Roads Coal Exports Falls to Three-Year Low in May
Coal exports out of the terminals in the Hampton Roads region in Virginia were at a three-year-low 2.1 million st in May, down 7.8% from 2.28 million st in Apri…
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