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Crude Oil
U.S. Energy Production Saw Steepest Drop On Record In 2020
Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.
Oil Refinery
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…
Russian Federation
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Oil Refinery
Korean Oil Refineries Offset Weak Oil Demand with Market Diversification
South Korea’s major oil refiners are going all-out to recoup losses from a Covid-19 pandemic-driven slump with market and product diversification.
China
Boao Forum for Asia kicks off on Hainan
The list of the most interesting issues for discussion includes globalization and the promotion of trade and economic relations in the post-pandemic era
Solar Power Panel
juwi Installs First Modules at Greek solar farm
It will then be handed over to the future operator Hellenic Petroleum Group.
Oil & Gas Supply
Shell Plays Down Risk of Stranded Oil and Gas Reserves
Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to…
Crude Oil
U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels
The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barr…
Nuclear Fuel
Canadian Uranium Mine and Mill to Resume Operation
Cameco has announced plans to restart production later this month at its Cigar Lake uranium mine in northern Saskatchewan, Canada, which was suspended in Decemb…
Oil Exploration
Eni’s Latest Oil Discovery Could Be Big For Angola
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.
Shell to Make First Oil Output Profit Since Pandemic
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.
South Korea
Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy
Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…
Market Analysis
EIA and FERC Reports Confirm: In 2020, Nuclear Power was Trounced by Renewable Energy, Which Provided
Several reports recently released by the U.S. Energy Information Administration and Federal Energy Regulatory Commission confirm that the mix of renewable energ…
Floating Offshore Wind
Subsea 7 and Simply Blue Energy to Develop Floating Wind Farm
Luxembourg-based subsea engineering company Subsea 7 has entered a joint venture with Irish marine developer Simply Blue Energy to develop a floating wind farm.
Energy Storage Battery
Freudenberg Sealing Technologies Offers Material Testing for Lithium-ion Battery Electrolytes
Freudenberg Sealing Technologies has expanded its material testing capabilities to include performance and compatibility evaluations of the rubber, elastomers a…
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