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Oil Price

Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices

Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.

Crude Oil

National Daily Oil Output Totals 684,100 Barrels

Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.

Solar Company

Solar Supported EV Charging Firm EOS Linx in Tie-up with Retailers Cooperative in US

EOS Linx, a provider of solar-supported electric vehicle (EV) chargers with data-driven digital advertising displays, has announced a partnership with convenien…

Nuclear Power Plant

Fukushima Touched by Another Earthquake, Some Deficiencies Reported at Nuclear Plants

A 7.3-magnitude earthquake caused some deficiencies at two of the three nuclear power plants located in relatively close proximity to the fault, but it did not …

Crude Oil

Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns

Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Sau…

Smart Grid

Smart Grids Continue to Advance Globally

SP Group’s annual Smart Grid Index indicates that grids are getting both smarter and greener in North America, Europe and Asia Pacific.

Oil & Gas Supply

Uganda’s Oil and Gas Prospects Expected to Improve in 2025

Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…

Crude Oil

Will India Buy Discounted Russian Oil?

While many countries have already sanctioned Russian oil and gas, India is reportedly considering buying crude oil from Russia at a discount.

Wind Turbine

Wind Power May Overtake Solar in Asia in the Next Decade

​Wind power is expected to see “greater” growth in generation that could exceed solar power in the next decade, Fitch Solutions reported.

Nuclear Power Plant

Finland’s Much-Delayed Nuclear Plant Starts Producing Power

The Olkiluoto 3 nuclear reactor, Finland’s first new nuclear plant in four decades, has recently started test production.

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Nuclear Power Plant

Ukraine Restores Power Supply to Chernobyl Power Plant

Ukraine has restored electricity supplies to the Chernobyl Nuclear Power Plant (NPP) after it was disconnected from the grid last week, the International Atomic…

Nuclear Power Plant

Finnish EPR Starts Supplying Electricity

Unit 3 of Finland's Olkiluoto nuclear power plant was connected to the national grid on 12 March and has started supplying electricity, operator Teollisuuden Vo…

Crude Oil

Reluctance to Buy Russian Crude Could Cause Long-Term Output Problems

Standard Chartered: continuing consumer reluctance to buy from Russia and shortages of capital, equipment, and technology will impact Russian oil output.

Germany

German Finance Minister Plans Gasoline Discount

German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday.