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Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weak…
Clean Energy Transition
IEA: Coronavirus May Hamper Clean Energy Transition & Climate Action
The coronavirus pandemic might lead to a decline in carbon emissions in the short-term, but may pose a threat to long-term climate action as it will also underm…
Electric Vehicle Charging
Fast-Charging Damages Electric Car Batteries
Commercial fast-charging stations subject electric car batteries to high temperatures and high resistance that can cause them to crack, leak, and lose their sto…
Solar Technology
Lab Collaborates to Prepare Photovoltaic Materials Research for Exascale
Photovoltaic solar cells are a promising alternative to fossil fuels, but they need to be a lot more efficient before they can go into widespread use.
Market Analysis
World Fritters Away Half Trillion Dollars on Coal Support
Nations around the world risk wasting $640 billion by continuing to prop up the coal industry rather than investing in less expensive and environmentally friend…
Thermal Plant
Japan's MHPS Wins US Order for Hydrogen-Fired Thermal Power System
Mitsubishi Hitachi Power Systems has received an order for a next-generation thermal power generation facility, using a fuel mix of natural gas and hydrogen, fr…
Oil & Gas Trade
Venezuela Looks To Play Mediator Between OPEC And Russia
Venezuela is in discussions with OPEC and Russia about the current oil price collapse, Nicolas Maduro said on Thursday at a press conference shown on Twitter, a…
Purchase of various electrical goods
Tenders are invited for Purchase of various electrical goods
Offshore Wind Power
Solution to Germany's Renewables Gridlock Adjourned Due to Coronavirus talks
As the German government aims for a quick response to the coronavirus outbreak, talks to resolve an impasse over expanding renewable energy sources have been ad…
Nuclear Fuel
Orano Sees 10 More Years for Niger Uranium Project
France intends to ensure the continuity of uranium production in northern Niger, Nicolas Maes, head of Orano's mining business unit, said following an 11 March …
Oil Price
Saudis to Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, a…
U.S. to Spend $50 Billion, Buy Oil Amid Virus Economic Pain
With the economy reeling, United States President Donald Trump on Friday, March 13, declared a national emergency to stem the damage from the coronavirus, unloc…
Oil & Gas Trade
Worldwide Oil Price Drop to Curb Turkey's Gas Import Costs by 30%
The drop in oil prices could lead to a 30% decrease in Turkey's long-term natural gas contracts with Russia, Iran and Azerbaijan, experts predict.
Oil & Gas Trade
The World’s Biggest Oil Trader Negotiates Venezuela Oil Purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude…
Crude
Saudis Sell Oil at $25 in Market Share Grab from Russia
Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…
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