Shanghai Electric has been announced as a partner for the engineering, procurement and construction contractor for…
Category: Energy
Surprise Crude Draw as Oil Prices Inch Higher
American Petroleum Institute (API) reported a draw in crude oil inventories of 6.829 million barrels for…
Tipping Point in Oil Demand
COVID19 pandemic drove down daily crude consumption by as much as a third earlier this year,…
Reliance Industries Ltd Become World’s Largest Energy Company
As investors piled into the conglomerate lured by the Indian firm’s digital and retail forays, Reliance…
TOTAL and Government of Mozambique to Fund Largest Gas Project in Africa
Biggest gas project ever financed in Africa between the Total French group and the government of…
Algerian Economy Contracts
Algeria’s economy contracted 3.9% in the first quarter this year after a 1.3% growth in the…
Microsoft to Operate a Portfolio of over 500 MW of Solar Projects
Sol Systems announced an initiative with Microsoft to finance, develop and operate a portfolio of over…
100-MW Solar Park in India to be built by Ayala’s AC Energy
AC Energy Inc plans to install a 100-MW solar photovoltaic (PV) park in India’s Rajasthan state…
Nigeria Beginning to Use its Precious Metals to Boost Foreign Reserves
Efforts to diversify its economy has seen Nigeria produce its first locally made gold bar signifying…
A New Competitor for OPEC
China’s swelling storage tanks is finding its way back into the international market as traders jump…