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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 …

Prominent Russian Academic Promotes Nuclear Production of Hydrogen

Nikolay Ponomarev-Stepnoy, scientific advisor to the director general of Russian nuclear utility Rosenergoatom, said on 7 May that Russia “may take a leading p…

Coal-Fired Power Plants

Coal Power Falls to Lowest Levels in 43 Years in US, After Biggest Annual Drop in 2019

“The miners are coming back,” Trump said of the coal mining industry at an election rally in Louisville, Kentucky, more than four years ago.

Solar Power Panel

Research Team Finds Way to Make Solar Panels “Sweat” to Deliver More Power

Researchers have figured out a way to make solar panels “sweat,” allowing them to cool themselves down in the heat and thus boost their generation output by u…

Geothermal Power Plant

Clean Technology Fund Injects $10m Into Ethiopia's Geothermal Capacity

The clean technology fund trust fund committee provided a concessional loan of us $10 million for Ethiopia's 50 megawatt tulu moyo geothermal power plant projec…

Oil & Gas Trade

The Oil and Gas Industry is Losing Young Professionals

The oil and gas industry is grappling with a growing employment crisis as young professionals steer clear of the ailing industry

Energy Saving

A Blooming Chance for Renewable Energy Amid Coronavirus?

In the face of multiple crises, governments can kill two birds with one stone by going big on green stimulus, rescuing the economy while also making big cuts to…

Wind Power Company

Siemens Unveils Plan to Merger Wind Operations with Flender

Siemens has unveiled plans to merge its wind energy generation business with mechanical drive unit Flender, which delivers components used in wind turbines.

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…

Hydropower Plant

Construction Work Starts on the Hüscherabach Small Hydropower Plant, Switzerland

Construction work has begun on the 1.9MW Hüscherabach hydropower plant in the Splügen region in the Swiss canton of Grisons, with the project set to replace a…

Invited for Business supply of materials

Tender Are Invited for Business supply of materials and spare parts for the electricity unit

Crude Oil

UAE Making Even Bigger Cuts To Oil Production Next Month

The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced th…