Energy

Oil takes breather from losses but oversupply concerns remain

/ Wednesday, 3 August 2016 00:00

Reuters: Oil edged higher on Tuesday after falling by up to 10% in just one week, but investors remained concerned about oversupply weighi...


Govt. to revamp, double refinery capacity - Chandima

/ Wednesday, 3 August 2016 00:00

 Reuters: Sri Lanka plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refine...


Oil traders lose millions as LPG glut shocks market

/ Tuesday, 26 July 2016 00:06

Reuters: Traders in the liquefied petroleum gas (LPG) market face a “career-ruining” glut that has led to millions of dollars in losses...


The oil industry is losing the burn of Asian demand

/ Tuesday, 26 July 2016 00:03

Asia’s stalling economic growth feeding into lower oil demand Asian tanker crude imports have fallen for 4 straight months ...


Coal prices bounce back this year, but not for good

/ Tuesday, 26 July 2016 00:02

Thermal coal prices on the up after years of decline Rally seen lasting into next year Overall global demand still falling ...


New Philippine energy minister says cannot afford to ditch coal

/ Tuesday, 26 July 2016 00:01

MANILA  (Reuters): The Philippines will retain coal as a core part of its electricity generation mix due to its dependability, though it will ...


Global Resources introduces Sri Lanka’s first-ever remote controlled LED Bulb

/ Tuesday, 28 June 2016 00:03

A creative innovation made in Sri Lanka Global Resources International Ltd. clinches a Sri Lankan first with the introduction of Sri L...


Dutch inventor aims to harness the waves to clean up the seas

/ Tuesday, 28 June 2016 00:02

AFP: The Dutch inventor of a ground-breaking project to remove millions of tonnes of plastics floating in ‘great garbage patches’ in th...


Oil prices fall as Brexit lingers, refined products glut looms

/ Tuesday, 28 June 2016 00:01

Reuters: Oil prices dropped on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in g...


ADMO Solar’s vision to deliver flexible power solutions catering to cross sector needs

/ Wednesday, 15 June 2016 00:00

  ADMO Solar, the renewable energy division of Vinseth Engineering commenced business in 2006 providing a wide spect...


Renewable energy to attract two-thirds of power plant investments

/ Wednesday, 15 June 2016 00:00

  Reuters: Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plan...


CHINT Power Projects establishes global presence among stakeholders

/ Wednesday, 15 June 2016 00:00

  CHINT Power Projects Ltd, the Sole Agents in Sri Lanka for world renowned “CHINT” brand electrical items was su...


People’s Bank unleashes visionary solar power loan scheme to benefit environment

/ Wednesday, 15 June 2016 00:00

People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon conscious...


OPEC sees oil glut shrinking in second half of year

/ Wednesday, 15 June 2016 00:00

Reuters: OPEC forecast that the world oil market will be more balanced in the second half of 2016 as outages in Nigeria and Canada help to speed up...


IEA sees global oil market returning to surplus in early 2017

/ Wednesday, 15 June 2016 00:00

LONDON (Reuters): Oil supply and demand will balance in the second half of 2016 after a series of unplanned production outages, but the market is e...


SL energy supply inadequate, unstable

/ Monday, 9 May 2016 00:00

From left: Environmental Sustainability Mas Intimates General Manager Dr. Vidhura Ralapanawa, Ministry of Power and Renewable Energy Secretary Dr. ...


Malaysian firm Hyrax Oil signs deal to build lubricant plant in SL

/ Monday, 9 May 2016 00:00

A Malaysian manufacturer of petroleum derivatives with a vast customer base worldwide will be investing $ 30 million to establish a lubricant manuf...


Schneider Electric shares knowledge on modern ‘smart distribution networks’ with CEB

/ Wednesday, 23 March 2016 00:00

Supporting the Ceylon Electricity Board (CEB) in its efforts to upgrade and modernise the country’s electricity distribution networks using l...


Gamesa bags maiden solar order in SL from Laugfs

/ Wednesday, 23 March 2016 00:00

Gamesa, a global leader in renewable energy, has won a new solar order from the industrial conglomerate Laugfs Power Ltd., in Sri Lanka.  Th...


Sri Lanka hosts All India Industrial Gases Manufacturer’s Association annual meeting

/ Wednesday, 23 March 2016 00:00

  Many industrial gas companies from India gathered at All India Industrial Gases Manufacturer’s Association (AIIGMA) 3...


Today's Columnists

STP In action: Philippines tourism

27 September 2016

Given the celebration of tourism week, it is interesting to study the different practices of countries in driving tourism strategy. One case study which emerged showing a destination which drove the basics of business - Segmentation, Targeting and...


Top 5 new racists in Sri Lanka

27 September 2016

Lankan politicians believe they deserve to be treated as royalty simply because they got the people’s vote   When asked from Morgan Freeman (not Nelson Mandela) “how are we going to get rid of racism?” he ans...


Tourism: Thailand vs. Sri Lanka

27 September 2016

China is a growth market for us; Thailand gets eight million tourists from China and it is still growing. We must learn from the Thai experience     Thailand gets 25 million tourists a year. Sri Lanka gets close t...


Techno City is the first step in the right direction but there is much more to be done to attain the final goal

26 September 2016

Premier Ranil Wickremesinghe signs on the digital drawing of the Techno City during its launch yesterday while Megapolis and Western Development Minister Champika Ranawaka and Science, Technology and Research Minister Susil Premajayantha ...


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