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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions

Energy Investment

£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions

18-08-2020

Warren Buffett Sells Stake in Oil Giant Occidental Petroleum
Warren Buffett’s Berkshire Hathaway has sold its common stock interest in Occidental Petroleum.
Energy Transition
18-08-2020

BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize
BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.
Offshore Wind Power
18-08-2020

Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project
Apollo Global Management has announced that its affiliates have acquired a stake in offshore wind energy development company US Wind.
Ukraine
14-08-2020

Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help
Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.
Wind Turbine
14-08-2020

Opdenergy Completes $103 Million Financing for Two Projects in Chile
OPDEnerg, a company that specializes in the development, financing, construction and operation of renewable assets, has announced the closing of a $103 million financing for two of its landmark projects in Chile.
Energy Investment
13-08-2020

Iran Considers Allowing People to Invest in Oil on Local Exchange
Iran is considering letting residents invest in oil on the domestic energy exchange.
United States
13-08-2020

US Clean Energy Job Recovery Stalled to a Trickle in July
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without support from Congress.
Nuclear Power Plant
13-08-2020

E.ON Sells German Nuclear Power Ahead at Above-Market Prices
German utility E.ON said on Wednesday it has sold forward 73 per cent of its 2021 nuclear power generation and 46 per cent of its 2022 output at prices above the current wholesale market.
Portugal
12-08-2020

EDP Renewables to Divest 242MW Onshore Wind Farm Portfolio
Portuguese utility firm EDP is to sell a portfolio of seven onshore wind farms in a €426 million ($502 million) deal.
Spain
12-08-2020

Spain-Based Iberdrola Takes Over Infigen Energy
It proposed to buy the Australian producer for $638m.
United States
11-08-2020

Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump
Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges and oil prices declined.
11-08-2020

Equinor Names New Chief Executive
Anders Opedal has been named as Equinor’s new president and chief executive, with a vow to accelerate the company’s growth in renewables.
Saudi Arabia
10-08-2020

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
Coal Mine
10-08-2020

Deutsche Bank to End Lending for Coal Mining by 2025
Would not finance projects in the oil and gas sector that use hydraulic fracturing in countries with scarce water supplies, new projects in the Arctic region, and new oil sand projects.
Oil Price
10-08-2020

Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global economy.
09-08-2020

Swedish Energy Agency Allocates $3.5M in Latest Marine Energy Call
The Swedish Energy Agency has recently opened a call for the development of cost-effective and sustainable marine energy systems.
Cyprus
06-08-2020

EU Banks Support Natural Gas Adoption in Cyprus
The Natural Gas Infrastructure Company of Cyprus has secured a €80 million loan from the European Bank for Reconstruction and Development.
United Arab Emirates
05-08-2020

Abu Dhabi Plans to Construct New Projects in Energy Sector
Awaidha Murshed Al Marar, Chairman, Abu Dhabi Department of Energy (DoE), has said that encouraging investment in the energy sector is one of the department's strategic priorities.
United Kingdom
04-08-2020

BP Cuts Dividend for First Time in a Decade After Record Loss
The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.
United States
04-08-2020

Chevron Posts Massive $8.3 Billion Loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Electricity Transmission
04-08-2020

Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035
Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.
Germany
01-08-2020

EnBW Soars on Stellar Renewables Return
EnBW banked adjusted earnings before interest, tax, depreciation and amortisation of €426m from its renewables division for the first six months of 2020
Spain
01-08-2020

Air Liquide’s First Renewables Deal in Europe to Power Spanish Operations
Global energy company Air Liquide has signed its first renewable power purchase agreement in Europe.
Russian Federation
30-07-2020

Trump Says He Does not Understand why US should Defend Germany from Russia
US President Donald Trump said he does not understand why the US should defend Germany from Russia.
France
30-07-2020

Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties
Schneider had previously forecast organic revenue growth and a higher core profit margin for the year, but scrapped this in March due to the pandemic

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