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Higher electricity prices in Australia also helped to boost revenue across its wind and solar divisions, where sales rose by 23% and 31% respectively
China accounted for 52% of new coal power station capacity built globally last year, but overall power capacity from the fossil fuel shrank worldwide, a new study shows
The Deerfield, Illinois based-firm's shares declined 3% to $207 in afternoon trade, as analysts expressed disappointment over margin forecast
Vale will supply nickel ore for the facility that will use high-pressure acid leaching (HPAL) to produce up to 120,000 tonnes of nickel content per year
Beginning in August 2021, several Covid-19 outbreaks in China led to mobility restrictions, which in turn reduced domestic demand for petroleum products
Talks with the US government to build a heavy rare earths plant in Texas have dragged on for four years but the group's CEO hopes a contract can be signed later this year.
BYD accounted for about 17% of the 3 million new energy vehicles (NEV) sold in China in 2021, China Association of Automobile Manufacturers data show
The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020
The SolarCity case was brought after Tesla shareholders accused Musk of coercing the board into buying the struggling solar panel maker to rescue his investment
Keppel Offshore & Marine, one of the world's largest offshore oil rig builders, and Sembcorp Marine have suffered from a prolonged and severe sector downturn
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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