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Oil Price
Chevron Slashes Capex Again To Protect Dividend In Oil Price Rout
U.S. oil supermajor Chevron Corporation (NYSE: CVX) reduced its capex guidance for the second time in two months to protect its dividend, as it warned on Frid…
Crude Oil
Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts
Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Solar Power Plant
Dubai Achieves Record Low PV Tariff for 900 MW Solar Project
Dubai Electricity and Water Authority (DEWA) has awarded the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park to an ACWA-Power-led consortium.
Covid-19 Set To Wipe Out $1 Trillion In Oil Production Revenues
Before the pandemic, Rystad Energy was forecasting annual E&P revenues at US$2.35 trillion this year and US$2.52 trillion in 2021.
Oil Price
OPEC+ Oil Production Hits 13-Month High As Output Cuts Start
After the collapse of the previous OPEC+ deal in early March, OPEC opened the taps in April, pumping at its highest level in 13 months.
Solar Power Plant
Invenergy Georgia Solar Energy Centre Begins Commercial Operations
Global sustainable energy solutions developer Invenergy has announced the start of commercial operations of its 160MW Southern Oak solar energy centre.
Wind Farm
Ørsted’s Borssele Offshore Wind Farm Delivers First Power
Danish renewable energy company Ørsted has announced that its 752MW offshore wind farm Borssele 1 and 2 generated the first clean power to the Dutch grid.
Solar Company
DEWA Signs PPA for Fifth Phase of Dubai Solar Park
Dubai Electricity and Water Authority (DEWA) has signed a power purchase agreement (PPA) for the 900MW fifth phase of Mohammed bin Rashid Al Maktoum solar par…
Oil & Gas Trade
Azerbaijan's SOCAR Says BP to Cut Oil Output by 76,000 Bpd in May-June
Azerbaijan’s state energy company SOCAR said on Thursday that BP, which leads a number of big energy projects in the former Soviet country, will cut its oil…
Wind Farm
Vattenfall Green Lights Its Largest Onshore Wind Farm in the UK
Vattenfall enters a partnership with Greencoat UK Wind and gives the green light to the construction of South Kyle.
Coal Production
Coal Generation in Australia's NEM Fell by 1.11GW in Q1
A surge in power outages in February and March in New South Wales drove the decline.
Crude Oil
Oil Major Chevron Could Be Forced To Cut Oil Production In Kazakhstan
Kazakhstan is in talks with the companies operating its two sizeable offshore oil projects to reduce total output by 22 percent in compliance with the latest OP…
Nuclear Power Plant
Finland Performs Remote Inspection of New Nuclear Plant Project
Finnish nuclear regulator STUK has carried out a scheduled inspection of RAOS Project Oy - a subsidiary of Russia's Rosatom - via Skype, in line with social dis…
Crude Oil
Russian Oil Production Set For First Annual Drop Since 2008
Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news a…
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