Energy

Saudi Arabia, which is actively looking to expand its economy beyond its dependence on fossil fuels, believes it can save over $200 billion over the next decade by replacing liquid

The world’s most powerful tidal turbine was recently launched from the flourishing seaport of Dundee. Scottish floating tidal turbine technology provider Orbital Marine Power has

Energy giant Saudi Aramco is selling a minority stake for 12.4-billion-dollar in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners. Th

The world’s largest independent oil trader Vitol made record profits in 2020 as the fluctuations in the global energy markets resulted in a windfall. Vitol suffered an $85 billio

Seadrill Ltd., a deepwater drilling contracting company, owned by billionaire John Fredriksen, said it is ready to write off a debt of over $4.8 billion, giving lenders a 99 perce

Pioneer Natural Resources, one of America’s biggest independent oil operations, is to acquire rival Texan producer DoublePoint Energy for $6.4 billion in a cash and stock deal. P

The German government is paying out billions of euros to energy companies EON, EnBW, RWE and Vatenfall in compensation for the closure of their nuclear power reactors by 2022. The

The winter storm that has devastated Texas, leading to power outages, water shortage, and heating troubles, will affect the electricity bills of consumers and suppliers both. Vistr

According to a UN climate action report, climate action plans of countries are “nowhere close” to the expected levels needed to fight global warming. Out of the 75 coun