Govt. to crack down on fuel stations selling subsidised kerosene

Views - 6 Friday, 23 March 2018 00:00

Petroleum Resources Development Minister Arjuna Ranatunga yesterday warned of revoking the licences of fuel stations

Mannar wind power: Start of large scale grid integration

Views - 11 Friday, 23 March 2018 00:00

“Glorious history, unique geography and abundant nature ...” – Dr. Rohan Pethiyagoda on the Mannar heritage.

Oil loses ground as rising US output threatens to disrupt tightening market

Views - 4 Friday, 23 March 2018 00:00

SINGAPORE (Reuters): Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine

World’s largest single-site Concentrated Solar Power project

Views - 6 Friday, 23 March 2018 00:00

A view shows the Mohammed bin Rashid Al Maktoum Solar Park,

JLanka seminar on ‘Investing in a Clean Future’ sheds much needed light on future of solar in Sri La

Views - 6 Friday, 23 March 2018 00:00

JLanka Technologies, Sri Lanka’s leading solar solutions provider facilitated a seminar titled ‘Investing in a Clean Future

Investing in a clean future: ground-mounted solar PV power plants

Views - 99 Thursday, 8 March 2018 00:00

Solar power is the most abundant renewable energy source available on earth. Given the country’s close proximity to the equator, Sri Lanka is ideally situated to benefit from this gift of nature. While the cost of investment in setting up solar pow

Chevron says its business is resilient to climate change

Views - 14 Monday, 5 March 2018 00:08

Reuters - Chevron Corp said last week its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy. The cl

GE to develop world’s largest wind turbine in France

Views - 20 Monday, 5 March 2018 00:07

PARIS (Reuters) - General Electric plans to invest more than $400 million over the next three to five years to develop the world’s biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 metres (853 feet) tall. With

NDB Solar Vantage assists households to switch to solar energy

Views - 25 Monday, 5 March 2018 00:06

Many households have decided to opt for solar energy to power up their homes as it is a more cost efficient method to save fuel and energy in the long term. With this in mind, ‘NDB Solar Vantage’ has stepped up as the foremost solution that enabl

LAUGFS Gas, Platinum Sponsor of Sri Lanka Ceramics & Glass Symposium 2018

Views - 14 Monday, 5 March 2018 00:05

The Sri Lanka Ceramic & Glass Council will hold the seventh consecutive Ceramic and Glass Symposium at the Taj Samudra Hotel. This year’s theme ‘Value Migration through Sustainability’ will focus mainly on the innovation and global presence and

Bangladesh’s Summit Group plans Singapore listing for power unit by April

Views - 20 Monday, 5 March 2018 00:03

Singapore (Reuters): Electricity producer Summit Power International plans to list on the Singapore Exchange Ltd., (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to inves

Nawaloka Petroleum expands operations to become preferred automotive solutions provider

Views - 23 Monday, 5 March 2018 00:01

Nawaloka Petroleum Ltd., a fully-owned subsidiary of Nawaloka Holdings Ltd., recently announced its plan for 2018 to expand operations in a bid to become the preferred automotive solutions provider in the country. Established in 2010, the company has

US to overtake Russia as top oil producer by 2019 at the latest: IEA

Views - 13 Monday, 5 March 2018 00:00

TOKYO (Reuters): The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said, as the country’s shale oil boom continues to upend global markets. IEA Executive Direct

Surge in global oil supply may overtake demand in 2018: IEA

Views - 21 Monday, 19 February 2018 00:00

LONDON (Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year,

A year into OPEC’s production cuts, Asia’s oil markets have tightened

Views - 12 Monday, 19 February 2018 00:00

SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened

OECD says energy taxes in developed economies too low to fight climate change

Views - 11 Monday, 19 February 2018 00:00

London (Reuters): Energy taxes in major advanced economies are not doing enough to reduce energy use, improve

Asia’s soaring gas demand opens window for new LNG projects

Views - 25 Monday, 19 February 2018 00:00

NUSA DUA, Indonesia/SINGAPORE (Reuters) - Soaring gas demand from China, India and Southeast Asia is sucking

India explores ‘cheap power’ sales to neighbours

Views - 18 Monday, 19 February 2018 00:00

NEW DELHI (Reuters) - India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term

CEB calls for proposals for 90 solar power plants of 1MW capacity each

Views - 79 Friday, 26 January 2018 00:00

The Ceylon Electricity Board (CEB) has decided to call International Competitive Bids for the development of 90 small-scale solar

Brent crude dips below $ 70 after surprise rise in US inventories

Views - 10 Thursday, 25 January 2018 00:05

LONDON (Reuters): Benchmark Brent crude oil prices eased yesterday, pressured by a rise in US crude and gasoline inventories, but remained close to three-year highs. Brent futures fell 10 cents to $ 69.86 a barrel by 1330 GMT, having climbed above $

Gas price revision key to bridge gap between global price hikes and current retail price in Sri Lank

Views - 42 Thursday, 25 January 2018 00:03

LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that have been ongoing since October 2016. The price of a domestic gas cylinder was increased by Rs. 110 by the Consumer

Brent could average at $64 in 2018: Report

Views - 12 Monday, 22 January 2018 00:09

The expected drop in OECD inventories suggests that oil prices will likely be higher in 2018 than originally seen and Brent crude oil price is projected to reach $64 per barrel (/bbl) this year, said the Bank of America Merrill Lynch (BofAML) in a ne

India to set up $350 m fund to finance solar projects

Views - 21 Monday, 22 January 2018 00:05

NEW DELHI (Reuters) - India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.

Solanra powers national electricity grid with 1000 KW power in 2017 with German-made Jurawatt Solar

Views - 55 Monday, 22 January 2018 00:03

Solanra Ltd. has met their target of contributing to the national electricity grid with 1000 kilowatts power within one year using German made Jurawatt solar panels.

$ 24m Sino-Lankan venture involves farmers in green power generation

Views - 96 Monday, 22 January 2018 00:01

Farmers in the draught-prone Moneragala District in the south of Sri Lanka will soon be joining a $ 24 million Sino-Lankan joint venture to generate 10 MW of green power every day to add 70,000 MW of renewable energy to the Sri Lankan national grid.

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

Views - 14 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 - 85 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 - 15 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 - 10 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 - 16 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

Today's Columnists

The no-confidence motion against Ranil will create further chaos

Friday, 23 March 2018

The Mahinda Rajapaksa-backed Joint Opposition yesterday submitted a no-confidence motion against Prime Minister Ranil Wickremesinghe

Making green cars greener: $15 b opportunity not to be missed

Friday, 23 March 2018

Fortunately for me,W.A. Wijewardena wrote an article on Dhammika Perera’s presentation at the Colombo School of Business and Management

Women’s bodies, masculinities and economic insecurities

Thursday, 22 March 2018

Cat’s Eye was deeply saddened to witness another wave of anti-Muslim violence, yet again, under a Government which promised to protect them from such violence. It was reported that the first round of violence in Ampara was sparked by a claim that

Strong brands can sustain shocks!

Thursday, 22 March 2018

The recent media highlighted the impact of communal violence on the tourism industry. The press conference earlier this week threw out a number as high as 10% whilst the actual cancellation was around 500 room nights around the Kandy vicinity was rep

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