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Market Analysis
Geothermal Energy Market to Hit $50 billion by 2027
The geothermal energy market value is set to cross $50 Billion by 2027.
Market Analysis
Potential and Benefits of Blue Ammonia As a Clean Fuel of the Future
According to the latest edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to increase by 50% from 3,950 billion cubic metres i…
Oil Field
Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field
Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in …
Energy Subsidies
Dutch Govt Grants $2.4 billion in Subsidies to Huge Carbon Storage Project
Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide and Air Products
Hydropower Plant
Hydropower Can Help States Afford to Meet Net-Zero Emissions Targets by 2050
The Commonwealth of Massachusetts recently passed a climate bill that sets a target of net-zero emissions for the state by the year 2050.
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.
Natural Gas
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Gas power plant
Millennium Proposes $15 B LNG-to-Power Project in Vietnam
Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province.
Natural Gas
Israeli Energy Giant Plans $1.1 billion Gas Deal with UAE Company
The $1.1 billion deal would be the biggest between the countries since they normalised ties.
Distributed Generation
Major Milestones for Distributed Energy Resources Roadmap
Energy Minister Bill Johnston today released a report showing the major milestones achieved a year into WA's implementation of the DER Roadmap.
Nuclear Power Plant
Electric Bill Fee to Subsidize Nuclear Plants Renewed into 2025
Ratepayers will continue to pay an extra fee on their electric bills for an additional three years to keep three Salem County nuclear plants open, after a unani…
United States
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for …
Oil Price
Qatar Petroleum Plans Debut Dollar Public Bond Sale
The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of…
Geothermal Power Plant
Uhuru Flaunts Multi-Billion Green Projects in Biden Meeting
President Uhuru Kenyatta on Friday, April 23, showcased a number of green projects undertaken under his administration during a virtual meeting
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