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United States
Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump
Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…
Energy Transition
Croatian President Sets up Energy Transition Council
Croatian President Zoran Milanović has set up an energy transition council, which will be tasked with organizing expert consultations on important issues in th…
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …
EV Market
Gilbarco Analyzes Electric Vehicle Market In South America
Electric vehicles, with each passing year, spreads on the streets of different countries of the world, and are seen with increasing frequency, with automakers i…
LNG
Inpex Hit by $1.3 bln Australian LNG Assets Impairment
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.
Offshore Wind Power
UK Government Announces Plans to Quadruple Offshore Wind Power by 2030
The UK Government will conduct a review of current energy infrastructure at sea as it sets its sights on expanding offshore wind energy.
Nuclear Fuel
Ostrovets Plant Set for Fuel Loading
It consists of two VVER-1200 reactors that are scheduled for commissioning this year and next.
Electrical repair works which include wiring and sockets placement
Tenders are invited for Electrical repair works which include wiring and sockets placement
Energy Transition
Vestas GHG Goals on Track with Paris Accord
Vestas has had its greenhouse gas reduction targets validated to confirm they are in line with the levels required to keep global warming to 1.5°Celsius above …
Energy-Eficient Building
Canada Sets Three Percent Target for Energy Efficiency Improvement
Canadian Minister of Natural Resources, the Honorable Seamus O'Regan, announced today that Canada will join The Three Percent Club.
United Kingdom
BP Cuts Dividend for First Time in a Decade After Record Loss
The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.
Energy Technology
World's First Carbon-Negative Hydrogen Project gets Green Light
A final investment decision has been taken to move forward with the world’s first carbon-negative hydrogen commercial pilot project
Wind Farm
Brazil's Omega Buys 583 MW of Wind Assets from Eletrobras
Brazilian power distributor Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, has approved the sale of equity interests in 582.8 MW of wind power a…
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
United States
Could Rising US-China Tensions Change Global Energy Markets?
The widening rift between the world’s two largest economies – the United States and China – has had analysts and market observers using the phrase ‘Cold War…
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