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Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor

Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.

Oil & Gas Trade

Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand

The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.

Solar Company

JinkoSolar Adds Name to 500 Watt Solar Panel Club

‘Solar Module Super League’ (SMSL) leader JinkoSolar has officially launched its next ‘flagship’ PV panel boasting a maximum power output of up to 580Wp.…

Solar Power Plant

Turkey Set to Issue Tender for 1GW of Solar Capacity

Turkey’s minister of energy, Fatih Dönmez, has announced plans to revitalize the country’s Covid-19-stricken economy, which include a 1 GW solar tender under…

French Nuclear Energy Society : Nuclear Essential to Economic Recovery

Making a commitment to build six new EPRs in France would be an "effective stimulus" for the country's economy as it recovers in the years ahead from the shock …

Nuclear Technology

DOE Announces $230M to Build Advanced Reactor Demonstration Project

Building on its contention that nuclear power must be a vital part of the American energy future, the U.S. Department of Energy announced.

Oil & Gas Trade

Saudi Loss of China Oil Market Share Likely Brief

Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…

Oil & Gas Trade

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…

Hydropower Plant

102 MW Gulpur Hydropower Project Under Construction in Azad Kashmir

Gulpur Hydropower Plant (GHPP) is an under construction. Located on Poonch River, a major tributary of Jhelum River near Gulpur in Kotli District of Azad Kashmi…

Energy Storage Battery

Tesla will Launch its New Battery in China First and Partner with CATL

Tesla will launch its new million-mile battery cell in China first, and it will partner with CATL to make them.Electrek previously revealed that Tesla is workin…

Solar Power Plant

‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19

Global oil refining production could start rebounding in June, the International Energy Agency said on Thursday, but refiners’ margins may be squeezed due to r…

Nuclear Power Plant

Major Component Installed at Vogtle 3

The integrated head package (IHP) for Vogtle Unit 3 has been set into place on top of the reactor vessel, Georgia Power has announced.

Oil Shale

U.S. Shale Needs To Slow Down To Survive

Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…

Crude Oil

China Crude Oil Runs Rebound in April as Fuel Demand Picks Up

The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…

Crude Oil

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…