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Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Power Construction

Work on €50m Energy Project at Moneypoint to Begin Within Weeks

The project, which involves fitting an energy stabiliser, is the first phase of the multi-billion euro Green Atlantic development at the Co. Clare power statio…

Energy Technology

PNOC Studies Deuterium As Possible Fuel, Power Source

STATE-LED Philippine National Oil Co. said it is in the initial stage of exploring the production of fuel from deuterium.

Hydropower Plant

Norwegian Hydro Plant to Supply Deutsche Bahn with Renewable Energy

The Mågeli hydroelectric power plant in southern Norway is set to supply Germany’s Deutsche Bahn with almost 190GWh of green electricity annually for a ten-ye…

Hydrogen Technology

NanoSun to Explore Cooling Technology to Reduce the Price of Hydrogen Refuelling Stations

NanoSun has launched a new research project to utilise its low-cost hydrogen cooling technology to reduce the cost of hydrogen refuelling infrastructure in the …

Coal Trade

India Exports 8 Lakh Tonnes of Coal to Neighbouring Countries in FY'21

Of the said quantity, the maximum 77.20 per cent was exported to Nepal, followed by 13.04 per cent to Bangladesh, according to the Coal Ministry's Provisional C…

Electric Vehicle Battery

China Battery Maker Gotion to Build Two Lithium Plants

Gotion, in which German automaker Volkswagen last year took a 26.5% stake, said the two plants will be built in the city of Yichu and the first phase of 20,000 …

Electric Car

Biden Aims to Make Half of New Vehicles Electric by 2030

US President Joe Biden has signed an executive order calling for half of new vehicles sold in the country to be zero-emission by 2030

Coal Mine

China Restarts Coal Mines to Meet Surging Power Demand

The combined annual production capacity of these mines exceeds 110 million tonnes.

Solar Company

Q CELLS, LG, Mission Solar Join Petition to Extend Solar Panel Tariffs

The tariffs on imported solar cells and panels began in 2018 after U.S. manufacturers Suniva and SolarWorld filed a Section 201 petition with the ITC

Solar Power Plant

Operations begin at Simiane Solar Plants in France

Sonnedix, the global solar independent power producer has successfully started operations of its 9.8 MW ‘Simiane’ cluster of three solar photovoltaic plants, …

Oil & Gas Trade

US June Oil Exports Rise, Boosted by India, South Korea

US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.

Oil Exploration

Enersea Inks FEED Deal with Petrogas Offshore Netherlands

Enersea has secured a front-end engineering and design contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.

Market Analysis

Hydrogen Market Outlook Shows more Countries have H2 Strategies

BloombergNEF’s 2021 Hydrogen Market Outlook indicates that nearly everything is set to double this year in the world of clean hydrogen, from electrolyser insta…

Crude Oil

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge

Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks