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Oil & Gas Trade
U.S. Drillers Expected to Slash Oil and Gas rigs to Lowest Ever
The number of oil and gas rigs operating in the United States is expected to hit an all-time low this week - reflecting data going back 80 years - as the energy…
Coal Mine
In U.S. Shale Bust, Frack-Sand Miners are the New Coal Companies
Three years ago, companies selling hydraulic fracturing sand to oil producers boomed, opening multimillion-dollar mines.
Thermal Coal
Anglo American Considers Spinning off South African Coal Operations
Anglo American, the diversified miner, prefers to spin off its thermal coal business in South Africa and list it in the next two to three years.
Oil Price
In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude
Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.
Oil&Gas Drilling
Equatorial Guinea Extends Oil and Gas Exploration Licenses by Two Years
The minster continued: “Liquidity is very important right now. The last thing we want is for [companies] to decide that it is not economical to operate in-coun…
Oil & Gas Trade
U.S. Oil Futures Plunge Nearly 25 Pct Amid Fears of Filled Storage
Oil prices fell significantly on Monday with the U.S. benchmark down nearly 25 percent amid fears over a growing scarcity of oil storage space.
Oil Price
Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd
Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how…
Market Analysis
Rystad Energy: Coal's Power Use in 2020 Set for 40-Year Low
Coal use in the United States is falling much faster than the country has expected for years.
Coal-Fired Power Plants
Sweden Shutters Last Coal-Fired Generating Plant 2 Years Early
It’s good news when a nation makes plans to rid itself of electricity generated from burning coal. It’s even better news when it does so ahead of schedule.
Oil & Gas Trade
Refined Oil Product Freight Rates Nearly Double in a Week
Refined oil tanker rates surged this week to their highest level in 11 years.
Wind Turbine
Siemens Gamesa is Taking its Wind Strategy One Step Further
Siemens Gamesa renewable energy has been awarded a long-term contract for 20 years.
Thermal Coal
Sweden Exits Coal Two Years Early
The Nordic nation is now the third European country to have waved goodbye to coal for power generation. Another 11 European states have made plans to follow sui…
Market Analysis
NAMIBIA: $63.23 Million Invested in Environmental Preservation Over 5 Years
According to a report recently released by the government of Namibia, N$1.2 billion (US$63.23 million) has been invested in environmental conservation. The fund…
Wind Farm
EGYPT: Zafarana 30 MW Wind Farm to be Closed in 2021 after 20 Years of Operation
Egypt will close a 30-megawatt wind farm in Zafarana, on the country's red sea coast, in 2021.
Wave Energy
Eco Wave Power to Build 20MW Wave Energy Project in Portugal
EWP receives concession for APDL’s breakwaters for a period of up to 30 years to build wave energy power station.
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