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Electricity Trade
State of Texas Should Pay for Enormous Energy Bills After Power Outages, Houston Mayor Says
Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay for the enormous electric bills that scores of Texans reported after severe winter …
Energy Security
Bill Gates Reveals What Caused Deadly Power Outages in Texas
On Saturday, US President Joe Biden declared a major disaster in the Lone Star State allowing the government to allocate more funds to help millions of people a…
Crude Oil
Mexico Overhauls Its Huge Oil Hedge
Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…
Natural Gas
Video: India is Building $ 60 Billion Gas Grid Project
The project will cost about $ 60 billion by 2024.
Carbon Neutral
3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality
"As we grow 3M, we will lead in environmental stewardship, social equity and justice, and corporate governance," said 3M chairman and CEO Mike Roman.
Floating Offshore Wind
Iberdrola Plans Floating Offshore Wind Farm in Spain
Iberdrola is planning an industrial scale floating offshore wind farm in Spain, to which it will allocate more than €1 billion of investment to commission 300 …
Offshore Wind Power
California State Bill Eyes 10GW Offshore by 2040
Proposal by assembly member David Chiu would set an interim goal of 3GW by 2030
Nuclear Power Plant
Akkuyu Fully Operational by 2026, Says Project CEO
Rosatom has a 99.2% stake in the project, the cost of which it estimates will be USD20 billion.
Wind Power Project
South Korea Unveils $43 Billion Plan for World's Largest Offshore Wind Farm
South Korea unveiled a 48.5 trillion won plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly re…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Oil Price
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…
Electricity Transmission
Pakistan Inaugurates 113 kilometre Electricity Transmission Lines
Pakistan and Islamic Development Bank on Wednesday inaugurated 113 kilometre power transmission lines on its border along Afghanistan as the country aims to com…
General Electric Upbeat on 2021 after Profitable 2020
In the fourth quarter, GE reported $2.4 billion in profits, more than four times the level in the year-ago period, reflecting the benefits of cost-cutting initi…
Oil Field
Video: Tarim Oilfield Supplies over 270 bln Cubic Meters Gas to East China
Tarim Oilfield in Xinjiang, NW China, has supplied over 270 billion cubic meters of natural gas to 15 provinces and regions via the country's West-to-East gas p…
Energy Investment
China's CEIC, China Reform set up $1.55 bln New Energy Fund
Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…
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