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Crude Oil
Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform
Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government sa…
CNOOC
China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Sh…
Ammonia
Suez Canal Economic Zone Signs $3Billion Green Energy Deal
Agreement with a consortium including French company EDF Renewables will lead to nearly 350,000 tonnes of green fuel being produced annually for ships passing t…
Offshore Wind Power
Energy Prices to Remain Significantly Above Average up to 2030 and Beyond
Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually.
World Needs Extra $1.3 Trillion Energy Investment by 2030
The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to…
EU
Italy’s CAP Group Secures €100m EU Green Loan to Upgrade Water Infrastructure
It will also use the financing to improve its water and sewerage network, implement circular economy projects and reduce emissions.
Carbon Emissions
BlackRock-Led Group Invests $525M Toward India Renewable Energy
A group considered the world’s largest asset manager has joined with a United Arab Emirates (UAE) wealth management fund to support an investment in renewable …
Green Hydrogen Electrolyzer Provider Closes $45 Million Series B
Ohmium International secured funding that is expected to quadruple the manufacturing output of its modular PEM electrolyzers.
Public Clean Energy Spending Jumps 50% to $710b Since October 2021
Government clean energy spending globally in response to the pandemic surged 50% in the last five months, reaching $710b, according to the International Energy …
Philippines
Higher Generation Costs Push Philippine April Rates up
Higher generation cost has driven the overall rate for a typical household in the Philippines up by P0.53 to P10.18 per kilowatt-hour (kWh) in April, the Manila…
ADF Invests $5.5m for Desert to Power Renewable Energy Initiative
The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert …
Green Banks Are Needed to Plug Climate Finance Gaps
Green Banks have a critical role to play in overcoming climate finance gaps.
LNG
Energy Spending to Hit Record High of over $2t in 2022: Report
Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.
Adani Group Gets US$2 Billion in Green Investments
Three Adani portfolio companies, Adani Green Energy, Adani Transmission, and Adani Enterprises, will get US$2b (INR15,400 Cr) in green investments from the Inte…
CNOOC
China's CNOOC to Raise up to $5.08 Billion From Share Issue
Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…
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