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Oil Field
Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield
China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…
Net Zero Emission
ANZ Earmarks $67 Bln to Accelerate Net Zero Transition
Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030,…
Canada
Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus
Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…
Offshore Wind Power
Chinese Groups Unveil World’s Largest Offshore Wind Turbine
Two Chinese companies announced production of the largest offshore wind turbine built to date, a 16-MW unit developed by China Three Gorges (CTG) and Goldwind. …
Offshore Wind Power
Engie and Google Strike Power Purchase Agreement for Scotland’s Moray West Offshore Wind Development Project
French energy company ENGIE and technology giant Google said they had agreed to undertake a 12-year 100 MW corporate power purchase agreement to support Scotlan…
United Kingdom
UK Could Add 1GW of Hydropower With Policy Support – Report
A report commissioned by the British Hydropower Association reveals hydropower can provide an additional 1GW of energy in the UK under the right policy framewor…
United Kingdom
UK’s Ofgem Says Household Energy Bills to Rise to Nearly $5,200/Year
British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to 4,279 pounds ($5,170.74) a year from January to …
Electric Vehicle Charging
Smart On-Street Charging Could Save £4.1BN a Year by 2030
Smart charging installed at public EV chargers could save drivers more than £600 per year, according to a government-backed report
United Kingdom
Dismantling Old North Sea Wells Could Cost £20BN
It is estimated around 2,100 wells in the North Sea will be decommissioned over the next decade
Green Hydrogen Export Opportunities in Africa Show Endless Promise
Africa could capture as much as 10% of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as $120 billion to the cont…
Solar Power Plant
Masdar, Turkmenenergo to Develop 100MW Solar Plant in Turkmenistan
This is Masdar’s first project in Turkmenistan.
Smart Meter
Octopus Energy’s Smart Meter Scheme Demonstrates 1GW Load Shift Potential
UK energy supplier Octopus Energy has released preliminary results from its first ‘Saving Session’ trial, which has demonstrated that – should such a project…
Solar Power Plant
Eni Launches Solar Lab and PV Plant to Decarbonise Oil Operations in Algeria
Italian oil major Eni and Algerian state-owned oil company Sonatrach have inaugurated a Solar Lab and laid the first stone of a new 10MW PV plant in the Bir Reb…
LNG
Sempra Strikes LNG Supply Deal With ConocoPhillips
Sempra Energy said on Tuesday that ConocoPhillips will buy five million tonnes per annum of liquefied natural gas (LNG) from Phase 1 of the Port Arthur LNG proj…
Electric Car
Mazda Unveils $11 Bln EV Spending Plan, Considers Investing in Battery Production
Japan's Mazda Motor Corp on Tuesday unveiled a $10.6 billion spending plan to electrify its vehicles and said it was also considering investing in battery produ…
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