Energy

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

Views - 8 Tuesday, 9 January 2018 00:03

DUBAI (Reuters): Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. The sale of up to 5 percent of Saudi Aramco,


CPC resurrects aviation fuel supply project stuck for over 3 years

Views - 21 Tuesday, 9 January 2018 00:03

An agreement to initiate aviation fuel supply project which was delayed over the years has been signed at the premises of CPC. The ceremony was chaired by CPC Chairman Dammika Ranatunga. Contract of construction of the aviation fuel supply project w


Oil little changed as rising US output offset OPEC worries

Views - 5 Tuesday, 9 January 2018 00:00

NEW YORK, Jan 8 (Reuters) - Oil prices were little changed on Monday, trading near their highest since May 2015, as political concerns in some OPEC nations offset projections for higher U.S. oil production. “Oil prices are finely balanced in today


Asian refiners face high volumes of Western naphtha

Views - 4 Monday, 8 January 2018 00:00

SINGAPORE (Reuters): Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.


Asian coal prices hit late 2016 high amid huge shipping congestion

Views - 9 Monday, 8 January 2018 00:00

SINGAPORE (Reuters): Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports


Quest for new oil discoveries globally still on back burner

Views - 7 Monday, 8 January 2018 00:00

LONDON (Reuters): Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza di


China becomes world’s No.2 LNG importer in 2017, behind Japan

Views - 9 Monday, 8 January 2018 00:00

SINGAPORE (Reuters): China will become the world’s second-biggest importer of liquefied natural gas (LNG) this year as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed.


India challenges China as world’s biggest LPG importer

Views - 9 Monday, 8 January 2018 00:00

SINGAPORE (Reuters): India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.


Environment organisations’ response to cabinet proposal for two new coal power plants in Sri Lanka

Views - 26 Wednesday, 20 December 2017 00:00

Environment organisations in Sri Lanka have great concern about the proposal to build two new coal power plants in Sampur and Norochcholai despite their rejection by the PUCSL.


Sri Lankan power giant LTL Holdings reaches the pinnacle again

Views - 22 Wednesday, 20 December 2017 00:00

Having commenced operations with an investment of Rs. 8.5 million to manufacture transformers, LTL Holdings has today become the premier engineering company in Sri Lanka and has also extended its operations overseas


World Bank to cease financing upstream oil and gas after 2019

Views - 13 Wednesday, 20 December 2017 00:00

PARIS (Reuters): The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances,


$129 b in extreme weather losses last year: Climate report

Views - 9 Wednesday, 1 November 2017 00:00

AFP: Extreme weather caused some $129 billion (111 billion euros) in economic losses last year, said a report Tuesday that warned the bill will keep climbing as climate change boosts droughts, storms and floods.


Germany supports Sri Lanka’s path towards green energy future

Views - 29 Wednesday, 1 November 2017 00:00

It was no easy decision the jury comprising German Ambassador to Sri Lanka and the Maldives Jörn Rohde, Additional Secretary from the Ministry of Power and Renewable Energy D.D. Amarathunga and representatives of


NCPC and IDB sign MoU in efforts to promote greener environment

Views - 16 Wednesday, 1 November 2017 00:00

Responding to ever growing environmental concern for a greener world, the National Cleaner Production Centre (NCPC) held discussion with the Industrial Development Board (IDB) recognising the IDB’s outstanding ability and


JLanka boosts renewable energy transformation with future proof solutions at Techno 2017

Views - 21 Wednesday, 1 November 2017 00:00

Keeping true to their promise of pioneering renewable energy trends in Sri Lanka, JLanka Technologies unveiled some eagerly anticipated products and technologies at Techno 2017. As Sri Lanka’s leading solar solutions


Carbon dioxide levels grew at record pace in 2016, UN says

Views - 11 Wednesday, 1 November 2017 00:00

GENEVA (Reuters): The amount of carbon dioxide in the earth’s atmosphere grew at record rate in 2016 to a level not seen for millions of years, potentially fuelling a 20-metre rise in sea levels and adding 3 degrees to


How modern biomass energy technologies can boost business

Views - 72 Thursday, 7 September 2017 00:00

Mahir Brothers in Katugastota, in the Matale District, is one of Sri Lanka’s leading exporters of spices namely nutmeg, pepper, cloves and cocoa. For the past three generations, Mahir Brothers has tried to maintain the consistency of their produce,


HNB partners Aitken Spence as lead banker to Rs. 9 b first waste-to-energy plant

Views - 358 Tuesday, 15 August 2017 00:12

 HNB announced a timely partnership with Aitken Spence PLC to serve as lead arranger to a syndicated loan facility for the construction of a revolutionary 10 Megawatt (MW) waste-to-energy power plant.  The syndicated funding facility a


IEA says strong oil demand growth helping market rebalance

Views - 208 Tuesday, 15 August 2017 00:11

London (Reuters): World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday. The


Sri Lanka’s energy security pioneering towards solar energy

Views - 330 Tuesday, 15 August 2017 00:10

By Dinuka Jayasinghe During the pre-modern era, Sri Lankan energy requirements for heating, lighting and drying relied on plant-based flammable substances. With the arrival of new technology in the mid-19th century, the range of energy sou


AFD’s Proparco grants ¤ 20 m loan to DFCC Bank

Views - 218 Tuesday, 15 August 2017 00:08

To promote alternate energy projects and SME sector  Reaffirming its credentials as a preferred partner for international credit lines, DFCC Bank has been granted a long term loan of ¤20 million by Proparco, a subsidiary


HNB’s Corporate Banking’s Project Finance Team arrange finances for Wind Force’s 10 MW Solar Power P

Views - 468 Thursday, 27 July 2017 01:09

  HNB Deputy General Manager, Corporate Banking Ruwan Manatunga and HNB Head of Project Financing Business Majella Rodrigo HNB’s project finance team of their corporate banking division lauded the suc


JLanka boosts Trina Solar ties to cater industrial energy sector

Views - 460 Thursday, 27 July 2017 01:08

World’s leading solar company Trina Solar’s Asia Pacific, Middle East and Africa (APAC-MEA) Regional Marketing Manager Grace Ge     Hosts world’s global solar leader Trina Solar’s


Clarion International launches ‘Solar Power Branches’ in key cities

Views - 531 Wednesday, 19 July 2017 00:00

  Plans to further expand network across Sri Lanka in coming months  Clarion International Ltd. (www.clarionsrilanka.lk), a company with a 32-year track record that has saved the nation billions of rupees in energ


IEA raises forecast for global oil demand this year

Views - 494 Wednesday, 19 July 2017 00:00

AFP: Global demand for oil will be slightly higher than expected this year, driven by increased consumption in India, the US and Germany, the International Energy Agency (IEA) has predicted.  “Estimates of global oil product demand gr


Electricity investment overtakes oil, gas for first time ever in 2016: IEA

Views - 488 Wednesday, 19 July 2017 00:00

PARIS (Reuters): Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA


China backs hundreds of global coal power projects: German report

Views - 521 Wednesday, 19 July 2017 00:00

AFP: Chinese companies are planning or constructing hundreds of coal-fired power projects around the world, data show, even as Beijing talks up its commitment to fighting climate change. The report by German environmental lobby group Urgewald co


Environmental Foundation, Wildlife & Nature Protection Society respond to Small Hydropower Associati

Views - 1059 Friday, 16 June 2017 00:00

The Environmental Foundation and Wildlife and Nature Protection Society said that the Small Hydropower Association had “attempted to falsify the destructive nature of the industry by denying any impacts, distorting facts and deliberately mis


Advantis Projects bridges logistics gap for Sri Lanka’s energy growth

Views - 860 Friday, 16 June 2017 00:00

As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it is no surprise that Sri Lanka is facing a rise in demand for electricity.  With ambitious goals and


Here comes the sun: Investors increasingly hot on solar projects in S.E. Asia

Views - 900 Friday, 16 June 2017 00:00

Reuters: Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy. They say that the region is in a perfect position to


Today's Columnists

We can’t let the oddities and lapses of this Government distract our goal of Yahapalanaya

Wednesday, 17 January 2018

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Wednesday, 17 January 2018

If we watch any media channel today, the focus is on the 10 February elections in Sri Lanka. For the first time we see how


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