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World oil demand will fall steeply in 2020: OPEC
Oil demand will drop more significantly in 2020 than the earlier forecast due to the coronavirus and recover more slowly than expected next year, OPEC said on Monday.
World oil...
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Demand for natural gas to drop 4%, says IEA
Demand for natural gas will face its largest annual decline in history, the International Energy Agency said in a new report.
Natural gas demand is expected...
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BP to cut 15% job as part of shift to renewable energy
BP will cut about 15 percent of its workforce in response to the coronavirus crisis and as part of CEO Bernard Looney’s plan to...
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Saudi Aramco profit dips 25% to $16.64 bn in first quarter
Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25 percent fall in first-quarter net profit to 62.48 billion riyals or...
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Oil companies cut spending following drop in oil price
The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand...
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Battery energy storage system market to grow at 33.9% in 5 yrs
The battery energy storage system market is expected to grow at a CAGR of 33.9 percent between 2018 and 2023 - from USD 1.98 billion in...
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Ameresco wins $7.5 mn contract from Albemarle County Public Schools
Ameresco announced it has won a $7.5 million Guaranteed Energy Savings Performance Contract (GESPC) from Albemarle County Public Schools (ACPS) to upgrade infrastructure and improve...
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Carbon Clean Solutions wins £900,000 grant from UK government
A consortium led by Carbon Clean Solutions Limited (CCSL) has been awarded a research and development grant worth almost £900,000 by the UK Department...
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Australia energy storage systems market to grow at 30%
Australia energy storage systems market revenues are projected to grow at a CAGR of 30.1 percent during 2017-23, says 6Wresearch.
Increasing the share of renewable...
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The 2017 SEIF to focus on green energy and low carbon economy
The 2017 Sanya Energy International Forum (SEIF) organized by Changfeng Energy will be held in Sanya, Hainan, China on December 7th and 8th, 2017.
This year the event focused on...
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Ballard Power Systems to power Siemens’ Mireo light rail train
Ballard Power Systems announced it has signed an agreement with Siemens to develop zero-emission fuel cell engine to power Siemens' Mireo light rail train.
The...