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Nuclear Power Plant (NPP)
Centrus Fo Restart Centrifuge Manufacturing, Expand Capacity
Such a large-scale expansion would require a multi-billion dollar public and private investment, the company said. It has recently secured more than USD2 billio…
Natural Gas
PAG Said to Sell AirPower’s Gas Business for $6.8 Billion
PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of AirPower Technologies Ltd. to a Chinese consortium …
Indonesia
BP and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua
The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File PhotoBP (BP.L), opens new tab and partne…
Crude Oil
Petrobras Announces $3.4 Billion in Extraordinary Dividends
Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will contin…
Hydrogen Storage
‘Hydrogen Storage Could Cut UK Energy Costs by £1BN Annually’
According to a new report, large scale hydrogen storage - particularly through the redevelopment of facilities could save UK consumers up to £1 billion pe…
Solar project
DMEGC Solar Energizes 940 MW Solar-Fishery Project
DMEGC Solar has completed a 940 MW solar array in Jiangsu, eastern China.The RMB 5.43 billion ($749.8 million) project, invested and constructed by DMEGC's …
Nuclear Reactor
USA And UK Sign New Gen Iv Nuclear Collaboration Agreement
UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed the agreement at COP29in Baku, Azerbaijan. The UK said the aim was to "suppo…
Energy Investment
Ofgem Proposes £8BN Fund to Accelerate Clean Energy Projects
Ofgem is consulting on a new investment fund worth up to £8 billion to help Britain’s energy transmission owners speed up clean energy projects and …
Crude Oil
Exxon Withdraws From Offshore Suriname Oil-Exploration Block
Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese wa…
Natural Gas
Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion
Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, accordi…
United States
Two Major US Pro-geothermal Bills Pass House of Representatives Deliberation
Two major proposed bills that seek to accelerate the development of geothermal projects in the United States have recently been approved by the House of Represe…
Pumped Storage
South Africa Treasury to Suspend Municipal Funds Over Water Debt
South Africa’s Treasury plans to withhold funds from five municipalities next month over their unpaid water bills, part of an effort to compel local gover…
Crude Oil
Ovintiv to Acquire Alberta Montney Assets for $2.4B
Ovintiv Inc. is acquiring Montney assets in Alberta from Paramount Resources Ltd. in an all-cash transaction valued at approximately $2.377 billion (CAD 3.325 b…
Oil & Gas Trade
ONEOK Agrees to Sell Interstate Gas Pipelines To DT Midstream For $1.2 Billion
ONEOK Inc. has signed an agreement to sell its three wholly owned interstate natural gaspipelinesystems to DT Midstream Inc. for $1.2 billion in cash. The deal,…
Battery
Microporous to Invest $1.35b in Separator Plant in Virginia
Microporous LLC, a leading manufacturer of battery separators, will invest $1.35 billion to establish a new manufacturing facility in Pittsylvania County, Virgi…
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