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Oil & Gas Trade
McDermott and Ptsc to Rake in Over $1 Billion for Asian Gas Project
U.S. offshore engineering and construction player McDermott, as part of a consortium with Petrovietnam Technical Services Corporation (PTSC), has gotten its han…
Oil Price
Saudi Arabia May Hold Arab Light Price to Asia Steady for Dec
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo Acquire Licensing Rights…
Renewable Energy
Redex Group Raises $10M Series a Funding Led by Aramco Ventures
SINGAPORE, Oct 31, 2023 - (ACN Newswire) - REDEX, Asia’s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful c…
Oil & Gas Trade
Petrochina posts record $6.3 bln quarterly income on higher output, fuel sales
Model of petrol pump is seen in front of PetroChina logo in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAsia…
Energy Investment
Aramco ventures leads $10 mln investment in Asia renewable service provider redex
Singapore-based renewable energy certificate (REC) service provider REDEX said on Tuesday it has raised $10 million from investors led by Aramco Ventures, a sub…
LNG
Eni Boosts Global LNG Portfolio After Deal With Asian Gas Field Partners
Italian energy giant Eni has boosted its liquefied natural gas portfolio, securing additional volumes from partners in its operated Merakes field offshore Indon…
Microgrid
Husk Power Secures More Than $100M to Expand Minigrid Development
Source: ingehogenbijl / Shutterstock.comHusk Power, the company developing community solar minigrids across sub-Saharan Africa and South Asia, announced Tuesday…
Cooperation case
BRIForum: ERG Signs Agreement With China's ENFI to Support Development of Comide Cobalt and Copper Asset in Drcongo
Eurasian Resources Group, a leading diversified natural resources group headquartered in Luxembourg, has signed an agreement with China's ENFI Engineering C…
Coal-Fired Power Plants
AVEN Eyes Expansion in Pilbara, Australia
MANILA -Ayala-led ACEN Corp. is expanding its renewable energy development plans in the Asia-Pacific through a deal with an Australia-based developer to build s…
Energy Storage Project
Singapore's Seatrium Builds First Floating Energy Storage Facility in SE Asia
Seatrium Ltd (SEAT.SI), an energy and marine solutions company, said on Thursday it has completed the installation of a floating Energy Storage System (ESS) in …
Oil Price
Oil Prices Ease as Investors Assess Impact of Israel-Hamas War
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Acquire…
Electric Vehicles
BYD Looks to Buy Lithium Assets in Brazil in EV Raw Material Push
Stock image.BYD Co. is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric car productio…
Energy Storage Project
ERG Signs Deal to Sell Cobalt to US Battery Materials Producer
Luxembourg-Based Eurasian Resources Group (ERG) has signed a deal to sell cobalt for five-years from 2026 to electric vehicle battery materials producer EVeluti…
LNG Carrier
Samsung Wins 350.8 Bln-Won Order for LNG Carrier
South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it has bagged a 350.8 billion-won (US$260 million) order to build a liquefied natural gas (LN…
Oil & Gas Supply
Pakistan Weighs Early Closure of Some Gas, Diesel Power Plants Under Adb Scheme
Pakistan is exploring the possibility of shutting down some of its gas- or diesel-fired power plants before their economic lifetime ends, as part of a low-carbo…
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