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Broad Alliance of European Countries Calls for an EU Industrial Policy for Renewables
The signatories emphasise that the expansion of renewable energies would create new opportunities in terms of growth, investments, job creation and innovation i…
50Hertz's Parent to Fund Offshore Grid Links with EUR-750m Green Bond
The parent company of 50Hertz Transmission GmbH, the transmission system operator (TSO) in northern and eastern Germany, has placed a EUR-750-million (USD 813m)…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Eavor Raises USD 8m to Fund Development of New Geothermal Tech
Eavor Technologies Inc on Tuesday said it has raised CAD 11.4 million (USD 8.1m/EUR 7.5m) to fund the development programme for its geothermal energy technology…
Oil Price
Petrobras Halts Sale Of Huge Oilfields After Oil Price Collapse
Amid the low oil prices, Brazil’s state-owned oil firm Petrobras has suspended preparations to sell a minority stake in a cluster of four offshore fields produ…
Crude Oil
Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting …
Energy Transition
Rate of Carbon Emission Falls Across Europe Amid Covid-19
Cornwall Insight studied electricity demand and carbon emissions in five European countries.
Crude Oil
Equatorial Guinea set to Construct Modular Crude Oil Refinery in Punta Europa
The contract was awarded to Houston based VFuels Oil & Gas Engineering (VFuels),a full service oil and gas engineering, design, and fabrication firm that specia…
SunPower Bolsters Residential Solar Loan Programme with USD-1bn Partnership
SunPower Corp has entered into a USD-1-billion (EUR 919m) partnership with Technology Credit Union (Tech CU) that gives the Silicon Valley-based solar company a…
Oil Price
Australia's Woodside Sees Low Oil Prices into 2021
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year.
Nuclear Policy
NGOs Demand Place for Nuclear in EU Taxonomy
A group of more than 100 scientists and environmentalists have written to the European Commission calling for a "timely and just assessment" of nuclear energy i…
Climate Policy
Major Corporates Urge EU to Put Net Zero at Heart of Covid-19 Recovery Plans
European Corporate Leaders Group joins EU's independent green finance advisory panel in calling for green coronavirus recovery plan.
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
LNG
US $2.8bn Export LNG Carriers to be Constructed in China
CSSC Chairman Lei Fanpei, Saad Sherida AI-Kaabi, president and CEO of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on…
Crude Oil
$10 Oil Forces U.S. Drilling Giant To File For Bankruptcy
Diamond Offshore Drilling has filed for Chapter 11 bankruptcy protection, becoming the second major victim of the oil market crash so far, after Whiting Petrole…
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