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Power Construction
New Ultra-high Voltage Project Begins Operation In North China
An aerial drone photo taken on Oct. 31, 2024 shows Shengli substation of the Zhangbei-Shengli 1,000-kilovolt ultra-high voltage (UHV) alternating current (AC) p…
Natural Gas
Japanese Firm Doles Out $1.4 Billion To Come Aboard Woodside’s Mega Gas Project
Woodside and JERA executed a binding sale and purchase agreement in February 2024 for the sale of a 15.1% non-operating participating interest in the Scarboroug…
Wind Turbine
Nova Clean Energy gains agreements for 1GW power projects in Texas
Nova Clean Energy has executed interconnection agreements and related high-voltage equipment supply contracts for a significant portfolio of wind power projects…
Oil & Gas Trade
Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining
Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher ga…
Battery
SMA Altenso To Build 92.5 MW Battery Park In Germany
MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to acquire all shares in the Metelen Battery Park in the state of North Rhine-Westphalia.…
Battery
SMA Altenso To Build 92.5 MW Battery Park In Germany
MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to acquire all shares in the Metelen Battery Park in the state of North Rhine-Westphalia.…
Clean Coal
China Three Gorges Plans $10 Billion Renewables-Coal Power Base
China Three Gorges Renewables Group Co. is planning a massive power base mixing wind, solar, coal and batteries in the Taklamakan Desert, the company said in an…
Crude Oil
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, …
Oil&Gas Drilling
Kinetiko Spuds Second Well In Production Test Program In South Africa
South Africa-focused gas exploration company Kinetiko Energy Ltd. spudded the 271-06PT well in the Mpumalanga Province. This is the second well in the company&r…
Natural Gas
Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs
espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…
Decarbonization
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…
Solar Panel
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…
Green Hydrogen
Engie And Morocco's OCP Renewables Deal Worth Billions, Says Source
Morocco's phosphates and fertilizer giant OCP and French energy firm Engie ENGIE.PA signed a preliminary agreement on Monday for projects that could generat…
Power Construction
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden, sending the stock to a record high.Alm…
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
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