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Oil Field
China's First Solo-Operated Deepwater Gas Field Starts Production
Shenhai-1, meaning deepsea, is expected to produce up to 3.39 billion cubic meters of gas every year, or roughly 2% of China's total gas output, the energy majo…
Electric Car
China’s Envision to Build $2.4 Billion Battery Plant for Renault
China’s Envision Group plans to spend as much as 2 billion euros on a battery plant in northern France to power an affordable range of Renault SA electric vehi…
Nuclear Reactor
EDF Reaches AGR Decommissioning Agreement
The Department for Business, Energy and Industrial Strategy said the deal, which was signed yesterday, will save the UK taxpayer about GBP1 billion, as EDF and …
Energy Storage Battery
Battery Industry Could Boost Australia’s Economy By $5.6 Billion
Australia has a chance to boost its economy by US$5.6 billion and become a leading player in battery chemistry and technology if it expands its raw materials-fo…
Oil & Gas Trade
Gazprom Plans to Supply 8.5 billion cubic meters of Natural Gas to China This Year
Gazprom said that it plans to supply 8.5 billion cubic meters of natural gas to China this year and double its income from natural gas exports to China.
Geothermal Power Plant
EIB Approves $95 million for Geothermal Power in East Africa
The European Investment Bank has approved $4.9 billion financing for renewable energy, clean transport, COVID-19 recovery, social housing and education.
Energy Transition
Japan Pledges $10 billion Financial Support for Asia’s Energy Transition
Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-f…
Electricity Transmission
Xinjiang's Electricity Transmission Tops 400 bln kWh
Northwest China's Xinjiang Uygur Autonomous Region has transmitted over 400 billion kilowatt-hours of locally generated electricity to other parts of the countr…
Energy Transition
IoT Turns Agri Waste Into Renewable Energy
Melbourne-based renewable energy company, AgBioEn, is using a combination of IoT devices, drones, and telemetry as part of an AUD 2 billion initiative to turn a…
Crude Oil
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its mos…
Electric Car
GM To Boost EV Investments By 35% By 2025
GM plans to increase investments in electric vehicles by 35 percent from earlier plans over the next five years to $35 billion as the company eyes one of the to…
Hydrogen Project
Portugal's Galp Moves to Green Hydrogen at Refinery, Eyes $1.2 bln Investment
Portugal's Galp Energia plans to install a 100-megawatt electrolyzer to power its refinery in Sines with green hydrogen by 2025, a project which could be expand…
Hydrogen Project
Report: Egypt to Invest up to $4B in Green Hydrogen Project
Egypt is planning to invest up to $4 billion in a project to generate green hydrogen via electrolysis
Coal Mine
Vale to Pay US$2.5 billion to Acquire Coal Assets
With the settlement of the project finance, all conditions precedent for the completion of the transaction for the acquisition of Mitsui's stakes in the Moatize…
Energy Investment
Singapore Places $1.8 billion for Green Investments
At a news conference on Wednesday, Ravi Menon, managing director of Monetary Authority of Singapore said the funds were placed from Singapore's official foreign…
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