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Wind Power Project
JSW Renew Energy Signs Wind PPA in India
Indian power company JSW Energy’s subsidiary, JSW Renew Energy, has signed a 540MW power purchase agreement with the Solar Energy Corporation of India for blen…
Total Acquires Interest in Yunlin Holding GmbH from wpd
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan,…
Power Construction
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
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
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 th…
Russian Federation
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
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
Vattenfall Wind Business Records Q1 Earnings Dip
Results affected by unfavourable weather conditions despite new capacity
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 stak…
Energy Investment
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 l…
United States
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 …
Oil Field
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
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 H…
Oil Price
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…
Energy Investment
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.
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