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China
China Energy Maintains Steady Production Growth in Q1
China Energy Investment Corporation (China Energy), a leading energy giant, maintained steady production growth during the first quarter of the year, its spokes…
Net Zero Emission
Ukraine Crisis and Inflation Weigh on ESG Investment Funds
Investment flows to ethical funds fall to $75bn in Q1 amid a sharp drop in risk appetite, IIF says.
Carbon Emissions
EU to Fund Bulgaria’s €6.3bn Recovery Plan
The European Commission has approved Bulgaria’s latest recovery and resilience plan, providing €6.3 billion in grants.
Hydrogen Project
Global Low-Carbon Hydrogen Market 'Needs $600 Billion of Investment by 2050'
An investment of about $600 billion in low-carbon hydrogen will be required by 2050 to meet rising demand as the world focuses on cutting emissions to limit glo…
Net Zero Emission
Global Green Finance Increased 100x in Last Decade
Green finance worldwide has grown by more than 100 times in the last decade.
Aker Solutions Buys Hydropower Technology Provider Rainpower
Aker Solutions ASA said Wednesday that it has agreed to acquire Rainpower Holding AS, a technology provider to the hydropower industry, for up to 150 million No…
Crude Oil
China's Sinopec Plans Its Biggest Capital Expenditure in History
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…
Shell to Invest up to £25 Billion in UK Energy System over Next Decade
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
Electric Car
LG Invests $1.4 Billion into First US Cylindrical Battery Plant
LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…
Offshore Wind Power
Aker Offshore Wind and Mainstream Renewable Power Complete Offshore Wind Transaction
Aker Offshore Wind and Mainstream Renewable Power (Mainstream) have closed the transaction which will see the company take an initial 50% ownership stake in Pro…
Australia
Bids Called for Exploration Blocks in Western Australia
The state government in Western Australia has invited bids for one offshore exploration block and seven onshore permits in the Carnarvon and Amadeus basins.
SINOPEC
Aramco in Discussions with Sinopec on Downstream Ventures
Saudi Aramco is looking at a number of opportunities with China's state-backed Sinopec and is still in discussions with India's Reliance on a possible joint ven…
Oil Price
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
United States
Energy Major BP Aims to Double Convenience Earnings by 2030
Energy major bp recently unveiled a series of new initiatives for innovating the future of fuel and convenience stations in the US.
Energy Investment
Egypt's Petroleum Minister, Siemens Discuss Investment Opportunities in Oil, Gas Industry
Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla discussed on Thursday with CEO of Siemens Middle East Dietmar Siersdorfor investment opportu…
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