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Australia
OMV Petrom, Romgaz to Invest up to $4.4 Bln to Develop Romania Gas Project
OMV said Wednesday that its 51%-owned OMV Petrom and Romgaz will jointly invest up to 4 billion euros ($4.37 billion) to develop an offshore natural-gas project…
Oil Exploration
Italy's Eni Nears $5BN Deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar wit…
Oil&Gas Drilling
Woodside Sanctions $7.2 Billion Deepwater Oil Project
Australia’s energy giant Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico located 30…
Electric Vehicles
Ford Chairman Says Us Cannot Compete with China in EV Production Yet
Ford Motor Company Executive Chairman Bill Ford said the United States cannot compete with China in the production of electric vehicles yet.In an interview with…
Power Construction
Fingrid's Main Grid Development Plan Provides for Increased Investments to Promote Finland's Competitiveness
Fingrid has updated its main grid development plan, with investments in the main grid rising from the previously estimated, slightly over three billion to four …
Oil&Gas Drilling
Kuwait Oil Company to Invest $43 Billion on New Oil Projects, CEO Says
Kuwait intends to expand production by nearly 200,000 barrels per day
Oil & Gas Supply
Uzbekistan to Import 2.8 Billion Cubic Meters of Russian Gas per Year
Uzbekistan will import 2.8 billion cubic meters of Russian gas per year. This is stated in the gas purchase and sale agreement concluded between UzGasTrade and …
Hydrogen Production
Shell Commits $1 Billion to Hydrogen and CCS Investments
In a significant move toward decarbonization, oil giant Shell has announced its plan to invest up to $1 billion annually in hydrogen and carbon capture and stor…
Renewable Diesel
Nebraska Governor Signs Bill Promoting Use of Biodiesel
Governor Jim Pillen has signed into law legislation promoting the sale and use of biodiesel in Nebraska.The bill, LB 727, provides retail tax incentives for the…
Oil & Gas Technology
The Global Gas Generating Systems Market Size Is Expected to Surpass a Valuation of Us$ 21 Billion by 2033 | Future Market Insights Inc.
The global gas generating systems market size is expected to surpass a valuation of US$ 20.8 billion by 2033. The market is estimated to witness a CAGR of 9.4% …
Solar Panel
OVO Launches New Solar Package With Potential to Save Up to 90% On Energy Bills
The new package is called OVO Solar. Image: OVO Energy.On Wednesday (14 June), energy supplier OVO Energy launched OVO Solar – a new solar package with th…
Crude Oil
Russia’s Revenue From Oil Export Increases by USD 1.7 Billion
A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo…
Electric Vehicle Battery
GM, Samsung Sdi to Build $3B Battery Plant in Indiana
Indiana Governor Eric Holcomb announced plans to bring a more than $3 billion EV battery cell plant to St. Joseph County, creating 1,700 manufacturing jobs. The…
LNG
First LNG Project in Western Pacific Goes Offline as Black Smoke Billows Out
An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei Darussalam, which is cons…
Thermal Coal
Transportation of Thar Coal to Power Plants: Senate Panel Recommends rs40bn for Railway Link
ISLAMABAD: The Senate Standing Committee on Planning, Development and Special Initiatives on Tuesday recommended Rs40 billion for the construction of a railway …
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