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Gas Turbine
‘Major Milestone’ For Siemens
Siemens Energy said it has achieved a major milestone by successfully starting the world’s first SGT6-9000HL gas turbine at Duke Energy’s Lincoln Combustion T…
Oil Price
Oil Rises 3% on Hopes for Output Cut as Coronavirus Ravages Demand
Oil prices rose on Tuesday as hopes grew that the world's major oil producers would agree to cut production.
Crude Oil
The World’s Biggest Oil Deal Can’t Save Crude Prices
G20 countries are set to send their oil minister for an emergency meeting on Friday, a sign that there is a chance that OPEC and Russia can pull in other oil-pr…
Energy Storage Battery
NT Plans Big Battery in Darwin to Cut Gas Costs and Accelerate Solar
The Northern Territory government has announced plans to spend $30 million on a big battery for the Darwin-Katherine grid, a move it says will pay for itself wi…
Crude Oil
OPEC’s Plan To Take Over The Global Oil Industry
The first three months of 2020 have shocked the global energy market to its foundations.
Crude Oil
OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts
Russian Energy Minister Alexander Novak told Russian state media that he understands the United States has legal restrictions on output cuts, but it should sti…
Oil Price
The OPEC+ Meeting Could Send Oil Prices Crashing Below $10
The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified.
Market Analysis
Oil Industry Joins The Fight Against Coronavirus
The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery perso…
Oil Price
Russian Oil Firms Ready To Agree To A Production Cut Deal
With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be…
Oil & Gas Trade
Trump Says 'Doesn't Care About OPEC', Will Put Tariffs on Oil Imports If He Has to
President Donald Trump said on Saturday that he "does not care about OPEC" and that he will put tariffs on oil imports to the United States if he has to in orde…
Oil Shale
Saudi Arabia Denies Trying to kill US Shale, Shifts Blame for Oil Supply Glut on Russia
Rejecting the accusation as “fully devoid of truth,” Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud insisted that the Kingdom is and has always been …
Gas Turbine
MHPS Grid-Connects T-Point 2 Advanced Gas Turbine Validation Facility
This verification facility will eventually become the main base for a much-anticipated autonomous combined cycle power generation project.
Oil Price
Oil Price Barrels Ahead As OPEC Flags Meeting
The price of crude oil surged again Friday after OPEC said it would talk to non-members.
Crude Oil
Fuel Consumption Sees Drastic Drop
Despite petrol bunks having remained open during the lockdown period, the consumption of diesel and petrol has come down drastically.
Oil Price
Petrol, Diesel Prices Jump by Re 1 in 3 States on Higher Tax
Fuel prices in west Bengal, maharashtra and karnataka rose by a litre.
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