Power & Energy

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    Saudi Aramco profits dive 73pc as virus batters oil demand

    Agence France-Presse . Riyadh | Updated at 10:50pm on August 09, 2020

    Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 per cent due to sharply lower oil prices as the coronavirus...

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    Chevron distributes relief among underprivileged children

    Staff Correspondent | Updated at 01:16pm on July 28, 2020

    Chevron’s Bangladesh companies have recently distributed 300 packs of food and hygiene supplies amongst the students of nine Kushum Koli schools of Dhaka as a...

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    Japan to limit financing of overseas coal power plants

    Agence France-Presse . Tokyo | Updated at 11:10pm on July 11, 2020

    Japan said on Thursday that it would tighten rules for investment in foreign coal-fired power stations on environmental grounds, but stopped short of ending government...

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    IEA sees oil output recovery

    Agence France-Presse . Paris | Updated at 11:07pm on July 10, 2020

    Oil output hit a nine-year low last month as producers reacted to the plunge in demand triggered by the coronavirus crisis, the IEA said on...

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    Oil industry confronts possibility of terminal demand decline

    Agence France-Presse . Paris | Updated at 11:50pm on July 05, 2020

    Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of...

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    German lawmakers for discontinuing coal use as energy source

    United News of Bangladesh/Associated Press . Berlin | Updated at 11:52pm on July 03, 2020

    Germany lawmakers of the lower house of parliament on Friday voted to finalise the country’s long-awaited phase-out of coal as an energy source by 2038....

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    Indian Oil, RR Holdings to form joint venture in Bangladesh

    Staff Correspondent | Updated at 09:08pm on June 30, 2020

    IOC Middle East FZE, Dubai, and RR Holdings Ltd., UAE, signed an agreement on Tuesday to form a fifty-fifty share joint venture company for LPG...

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    Omera Cylinders reach global market

    Staff Correspondent | Updated at 02:01pm on June 24, 2020

    Omera Cylinders Limited has recently started exporting LPG cylinders overseas. They manufactured and exported the first consignment of its LPG cylinders to a few companies...

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    IEA says aviation to hold back oil recovery

    Agence France-Presse . Paris | Updated at 10:36pm on June 16, 2020

    Demand for petrol and diesel are set to heal by the end of the year but the coronavirus crisis is likely to leave scars on...

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    UK energy firm Centrica axes 5,000 jobs on virus impact

    Agence France-Presse. London | Updated at 03:08pm on June 11, 2020

    British domestic energy provider Centrica said Thursday it will axe 5,000 jobs, or almost one fifth of its workforce, as it responds to both the...

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