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Oil Price
BP Looking at Billions in Buybacks for Q4
British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.
Net Zero Emission
Report Lays out How Countries Could Reorient Their Problematic Climate Plans
A new study is the first to calculate that countries collectively need a total of 1.2 billion hectares of land to fulfill the promises laid out in their officia…
Nuclear Power Plant
Poland's First Nuclear Power Plant to Cost Around $20 Bln - PM
Poland's first nuclear power station, which will be built by U.S. firm Westinghouse Electric Co, will cost around $20 billion.
Hydrogen Production
Kazakhstan Makes $50 Billion Bet on Green Hydrogen
Kazakhstan signed a $50 deal with European renewables group Svevind to build a huge hydrogen production facility.
Emerson Sells Majority Stake in $14 Bln Climate Tech Unit to Blackstone - WSJ
U.S. industrial firm Emerson Electric Co is selling a majority stake in its climate-technologies unit to Blackstone Inc, in a deal that would value the unit at …
Shell More Than Doubles Profits in Third Quarter
The company’s underlying profits reached $9.5 billion in the third quarter.
France
French Power Group EDF Issues New Profit Warning
EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…
LNG
Shell Posts $9.5 Bln Profit, Plans to Boost Dividend
Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…
Hydrogen Project
ACWA Power and Industrial Development Corporation of South Africa (IDC) Set to Explore Green Hydrogen Projects in South Africa
Agreement intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at $10 billion.
Hydrogen Project
Hydrogen to Deliver More Than $8.7BN Annually to the UAE Economy – Report
Opportunities are driving multibillion-dollar investments individually and jointly, through bilateral agreements such as the strategic partnership between bp, A…
BlackRock Raises $4.5 Bln for Climate-Focused Infrastructure Fund
BlackRock Inc has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects.…
Hydrogen Project
Asia’s Richest Person Adani Aims for Europe With Huge Morocco Clean Energy Project
Billionaire's conglomerate is considering building wind and solar generation plants in the North African nation and units to produce green hydrogen for export. …
Energy Transition
S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources
South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…
Net Zero Emission
U.S. EPA Begins Work to Set up $27 Bln Green Bank
The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …
Electricity Transmission
EIB Invests Nearly Half a Billion Euros in Major German Grid Expansion Plan
The European Investment Bank (EIB) is providing Dutch-German TSO TenneT with a loan of €450 million ($440 million) for the construction of a 185km electricity …
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