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Crude Oil
Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'
State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.
Oil&Gas Drilling
Australia is in the Process of Developing Dorado Field
Australia's Santos is pushing forward with its Dorado field development. The competitive process for the supply of the FPSO has started and a shortlist of contr…
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
Crude Oil
Saudi Arabia to Cut June's Oil Production
Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…
Electric Car
Elon Mask Says He is Ready to be Arrested for Reopening California Plant
Tesla CEO Elon Musk confirmed on Twitter that the company has restarted its California factory, a move that defied local government orders involving measures to…
Oil Price
Murphy Oil to Close Arknsas, Alberta Offices
Murphy Oil has announced that it is closing its legacy headquarters in Arkansas and shuttering an office in western Canada.
Oil&Gas Drilling
SOCAR Starts Drilling New Well at Umid Gas Field
The State Oil Company of Azerbaijan has started drilling a new well at the Umid-1 platform of the Umid field, the company told local media on May 5.
Market Analysis
Significant Pick-Up in Demand for Energy Storage Projects in Q1 Financial Results
At energy solutions company Alfen, quarterly revenue rose in all three of its business units.
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Wind Power Company
Wind Turbine Maker Vestas Falls to First-Quarter Operating Loss
Vestas, the world's largest maker of wind turbines, on Tuesday reported a surprise operating loss for the first quarter.
Solar Company
Abu Dhabi To Have Cheapest Solar Power Ever — 1.35 Cents Per Kilowatt-Hour
Abu Dhabi will reportedly have the cheapest solar farm ever built, which goes nicely next to the world’s largest solar PV farm.
Nuclear Fuel
Framatome, TUM to Develop New Research Reactor Fuel
France's Framatome and the Technical University of Munich (TUM) in Germany have started commercial development of nuclear research reactor fuels based on uraniu…
Market Analysis
US Renewable Leader Reports Strong First Quarter Despite Covid-19
The American Wind Energy Association (AWEA) released new data today, showing the good performance of Dallas-based Tri Global Energy (TGE), a wind power compan…
Wind Power Project
EGP Begins Construction of Two Renewable Projects in Spain
Italian multinational renewable energy company Enel Green Power (EGP) has started construction of a solar and wind project in Spain.
Local Company Seeking Permit for Geothermal Project at Noville, Lake Geneva, Switzerland
Reported locally before the weekend, company Petrosvibri wishes to develop a deep geothermal energy project under Lake Geneva in Noville (VD), Switzerland. Th…
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