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Energy Investment
£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
Power Construction
04-05-2021
US DOE Promises Loans for Electric Infrastructure Projects
The US Department of Energy (DOE) has announced loans of up to $8.25bn to support projects for expanding and improving the country’s electricity grid.
RCEP
04-05-2021
Japan Approves RCEP, World's Largest Trade Deal Including China, ASEAN
Japan's upper house of parliament on Wednesday approved the world's largest free trade deal RCEP which comprises 15 Asia-Pacific countries.
Oil Refinery
01-05-2021
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as the coronavirus pandemic hammered fuel consumption
Russian Federation
30-04-2021
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Natural Gas
30-04-2021
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Wind Power Company
30-04-2021
Vattenfall Wind Business Records Q1 Earnings Dip
Results affected by unfavourable weather conditions despite new capacity
29-04-2021
Major Chinese Investors Could Buy Stake In Aramco
Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company in the world, Saudi Aramco.
Energy Investment
28-04-2021
Energo-Pro Completes Largest Czech Investment in Hydropower Industry
Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the largest Czech investment in industry since November 1989.
United States
27-04-2021
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties.
Oil Field
27-04-2021
Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement
Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel
Energy Investment
27-04-2021
South Korean and Chinese EV Battery Companies Competing in Hungary
South Korean EV battery companies are increasing their investments in Hungary rapidly, and yet it is China that made the largest investment in the industry in Hungary last year.
Oil Price
26-04-2021
Qatar Petroleum Plans Debut Dollar Public Bond Sale
The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of them adding it will likely raise billions of dollars
Energy Investment
26-04-2021
Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub
Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.
Wind Power Project
23-04-2021
Vestas Offloads 118MW US Wind
Vestas, through its US development arm, has sold a 118MW wind farm to Southern Power.
Energy Investment
23-04-2021
Egypt’s Kom Ombo Solar Plant Receives Funding
The European Bank for Reconstruction and Development, the OPEC Fund for International Development.
Energy Technology
22-04-2021
Greenpeace Chides Alibaba and GDS on Energy as China Tech Cleans Up
The group blasted China's biggest tech company and its biggest independent data center operator for emissions opaqueness and dearth of renewable commitments.
O＆M
22-04-2021
Sumitomo and Corvus Energy form Maritime ESS Joint Venture
Japanese trading house giant Sumitomo Corporation and Norwegian ESS specialist Corvus Energy have established a Tokyo-based joint venture to sell ESS and provide the related maintenance service mainly in the Japanese market.
Uzbekistan
22-04-2021
Reforms in Uzbekistan’s Energy Sector and Cooperation with Major International Financial Institutions
Since September 2016, when Shavkat Mirziyoyev began his presidency, Uzbekistan has embarked on a process of deep economic and social reforms.
Hydrogen Project
19-04-2021
RWE and H2U Partner to Develop Global Hydrogen Trading Between Australia and Germany
RWE Supply & Trading and Australian hydrogen project developer The Hydrogen Utility Pty Ltd have joined forces to develop hydrogen trading between Australia and Germany.
Wind Power Project
19-04-2021
Ørsted Buys Brookfield Renewable Ireland, Enters European Onshore Wind
Danish wind turbine manufacturer Ørsted has announced its purchase of UK and Ireland onshore wind operator Brookfield Renewable Ireland.
Energy Investment
14-04-2021
'Catalytic' Billion-Euro Hydrogen Fund Led by Former Air Liquide VP Launched
Team of industry executives headed by Pierre-Etienne Franc sets up FiveT Hydrogen to spur utility-scale anchor projects
Energy Investment
14-04-2021
Chevron Invests in Offshore Wind Energy for First Time
Chevron Corp.’s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines.
Offshore Wind Power
14-04-2021
PSEG Completes 25% Acquisition of Ocean Wind
Ørsted and PSEG have completed PSEG’s acquisition of a 25% equity interest in the Ocean Wind offshore wind farm.
Hydropower Plant
13-04-2021
Aitken Spence Expands Its Portfolio in Hydropower
Apr 12, Colombo: Aitken Spence PLC has announced that the company has recently acquired hydropower operator Waltrim Energy Limited, a subsidiary of Sunshine Holdings PLC for Rs. 900 million.
Wind Turbine Blade
13-04-2021
Wind Turbine Blade Services Providers GEV and WPL Merge
U.K. headquartered wind turbine blade repair and maintenance provider GEV Wind Power has merged with Wind Power Lab, a Danish firm providing intelligent technology based blade solutions to wind park operators.
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