Us

CEFC to Kick-Start Australia’s Hydrogen Industry with New $300m Investment Fund

The federal government has established a new $300 million fund to invest in Australia’s emerging hydrogen industry, which it hopes will kick start jobs and exp…

Energy Storage Battery

Tesla Applies for UK Electricity Licence in Potential Big Battery Power Play

While Elon Musk was Tweeting his frank opinion of Tesla’s stock price (and sending it tumbling) over the weekend, news also emerged that the company he co-foun…

Market Analysis

Australia Wind Output Breaks Through 5,000MW for First Time

​Australia’s wind energy output broke through the 5,000MW for the first time late last Friday – little more than a year after it broke through the 4,000MW mi…

Market Analysis

Largest Solar Project in Eastern US Progresses Despite Market Uncertainty

​Mega-solar projects topping 500 megawatts have cropped up in many regions of the U.S., but land constraints have mostly kept such behemoths out of the Southea…

Crude Oil

Saudi Must Reduce Expenditures to Ease COVID-19 Economic Impact: Minister

​Saudi Arabia "must reduce expenditures" to mitigate the economic impact of the COVID-19 pandemic, Finance Minister Mohammed al-Jadaan said.

Solar Power Panel

Israel’s New Water and Energy Infrastructure Plan to add 2 GW of Solar

The country is focusing on the potential of renewable power as a part of its COVID-19 recovery.

Oil Shale

Exxon, Chevron Slam Brakes on Shale as Oil Demand Tumbles

​Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global …

Crude Oil

Oil Rises Further Above US$26 as Opec+ Begins Record Cuts

Oil rose further above US$26 a barrel on Friday as Opec and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that…

Oil Price

Canada’s Oil Patch Struggles To Survive The Worst Recession Ever

Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture o…

Solar-powered Borehole and overhead tank

Tenders are invited for Construction of solar-powered Borehole and overhead tank, irrigation equipment & Installation of Green House in Plateau State Plateau st…

Crude Oil

Oman Plans About 30 Per Cent Cut in July Crude Allocations

​Oman has notified all its crude oil term customers of a cut of about 30 per cent in their allocations for July loading and delivery, Oman's oil and gas minist…

Crude Oil

Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts

​Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…

Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues

Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.

Oil Price

OPEC+ Oil Production Hits 13-Month High As Output Cuts Start

​After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.

Solar Power Plant

Invenergy Georgia Solar Energy Centre Begins Commercial Operations

​Global sustainable energy solutions developer Invenergy has announced the start of commercial operations of its 160MW Southern Oak solar energy centre.