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LNG
Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord S…
Nuclear Power Plant
Hitachi Exits $26bn Nuclear Power Plant Project in UK
Japanese technology company Hitachi has announced the end of plans for a multi-billion-pound nuclear power plant project in Wales, UK.
Coal Mine
Coal India Plans to Restore Production from Discontinued Underground Mines, Identifies 12 blocks
The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion tonnes in the next four years.
Offshore Wind Power
Oil Major BP Makes First Ever Move In Offshore Wind Energy
BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion.
Energy-Eficient Building
SENEGAL: Akon City, the Green City Project is Launched at a Cost of $6 billion
The Senegalese-American RnB singer Akon has just announced the laying of the foundation stone for the construction of the green and futuristic Akon City in west…
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Hydropower Plant
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries…
Solar Power Plant
Niger’s Gorou Banda Solar Plant to Begin Construction
Construction of Gorou Banda Solar power plant Niamey is set to begin two years after inauguration, thanks to the move by the Council of Ministers of Niger to ad…
Energy Storage Technology
Bill Gates Nuclear Storage Venture to Help Wind and Solar
A venture backed by Bill Gates has unveiled small-scale nuclear power-plus-storage technology designed to work alongside wind and solar to provide continuous ze…
Market Analysis
First half of 2020, 1.4 billion kWh of Renewable Energy Power Generation in Kazakhstan
In recent years, Kazakhstan's renewable energy has developed rapidly.
Coal Production
Germany Begins Allocating €40 Billion to Coal Regions to Start Phase-Out
By 2038, Germany’s last coal-fired power plants are expected to be shut down. To reorient the regions economically, however, they are to be replaced by researc…
Crude Oil
Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2…
China
PetroChina Posts $4.4 Billion H1 Loss, Pledges Near-Zero Emissions by 2050
PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan on lower oil pri…
Oil Field
Iran Fast Tracks Development Of Huge West Karoun Oil Field
The West Karoun fields together contain at least 67 billion barrels of oil in place and, with an average recovery rate currently of only around 4.5 per cent.
ITER
ITER: The $65 Billion Power Plant of the Future
A $65 billion nuclear fusion reactor called ITER is being constructed in southern France.
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