Us

Norway Takes $41 Billion From Oil Fund To Bolster Economy

Norway is set to use a record amount of petroleum revenues from its US$1-trillion oil fund – the world’s largest sovereign wealth fund – this year to counter…

Oil Price

Oil Jumps After Saudi Arabia, UAE And Kuwait Pledge Deeper Cuts

Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reduction…

Wave Energy

Bombora and ORE Catapult Collaborate on Floating Wave Technology

Wave energy developer Bombora has joined forces with the Offshore Renewable Energy Catapult's Marine Energy Engineering Centre of Excellence in Wales for a rese…

Coal Trade

Australia Eases Access to Seaborne Coal Markets

Coal ports in Queensland, Australia, are easing restrictions on covid-19 for foreign crew members.

Hydrogen Fuel Stations

Hyundai and Partners Set Up a Hydrogen Station at Incheon Airport

A hydrogen refueling station for fuel cell electric buses has been set up at terminal 2 of incheon airport.

Wind Turbine

Botetourt Wants to Build the First On-shore Wind Farm in Virginia

The Botetourt County Planning Commission recommended approval for taller wind turbines allowed under the county's utility wind ordinance.

Nuclear Fuel

Euratom Report Focuses on Security of Fuel Supply

A new report by the European atomic energy supply agency (ESA) identifies three major threats to the eu's nuclear fuel supply.

USA Calls for A Uranium Reserve Programme

Rita Baranwal, assistant secretary for nuclear energy at the Department of Energy, said the country's ability to produce domestic nuclear fuel is "on the verge …

Crude Oil

Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic

Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …

Coal Production

The Demise of Coal Might be Slowed in Asia Amid Covid-19

Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritise boosting economie…

Solar Power Plant

US Approves Construction of $1bn Gemini Solar Project

The US Government has approved a proposal to build and operate the $1bn Gemini Solar Project.

Oil Price

Aramco Earnings Plunge By 25% As Low Oil Prices Persist

Despite the profit slump of US$6 billion in Q1, Aramco’s free cash flow was more resilient and fell to US$15 billion from US$17.4 billion in Q1 2019.

Solar Power Plant

The Largest Solar Farm in Australia will be Launched in South West Queensland

France-based renewable energy developer Neoen signed a 352 MWp power purchase agreement related to a solar farm with CleanCo of Queensland, Australia.

LNG

Australia's LNGL Plans Sale of Magnolia LNG Project

Australian firm LNG plans to sell the 8mn t/yr Magnolia LNG project in Louisiana for $2.25mn to a firm called Global Energy Megatrend.

Coal Trade

BNP Paribas Accelerates Its Exit from Coal in OECD Countries

French bank BNP Paribas is expanding to all OECD countries its target to end relationships with customers that use coal to generate electricity by end 2030, it …