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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…

Z2da--Power distribution system

Solicitation (updated): Z2da--power distribution system upgrade

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…

Liquid Hydrogen

World’s Largest Liquid Hydrogen Plant to be Constructed in Ulsan, South Korea

The world’s largest liquid hydrogen plant is set to be constructed in Ulsan, South Korea by Hyosung group in partnership with chemical company Linde.

Coal Trade

Coal Exit Plans on the Rise in Asia

With financial institutions and corporations stepping out of coal-fired power financing, a domino effect across other coal lending financiers in Asia is likely,…

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…

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…

Market Analysis

Worldwide Lockdowns to Reduce Nuclear Power Output by 3 Per Cent in 2020

​Global nuclear power generation will decline by 3 per cent from 2019 levels in 2020 due to the lockdowns imposed in the wake of the Covid-19 spread, according…

Oil Price

Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout

​U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…

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…

Crude Oil

Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start

​The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…

Solar Power Plant

Dubai Achieves Record Low PV Tariff for 900 MW Solar Project

Dubai Electricity and Water Authority (DEWA) has awarded the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park to an ACWA-Power-led consortium.

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.