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Romania
OMV Petrom to Install 1 GW of Renewables in Romania by 2030
In its EUR 11 billion investment plan for the current decade, OMV Petrom earmarked more than 35% for low and zero carbon opportunities.
Natural Gas
Saudi Aramco, BlackRock Sign $15.5 billion Gas Pipeline Deal
Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana…
Energy Investment
Woodside to Invest $7b in Emerging Energy
Oil and gas supplier Woodside will invest $7 billion in low carbon energy by 2030 while still benefiting from a recently-announced merger with BHP's petroleum b…
Electric Car
Toyota to Build $1.29 billion EV Battery Plant in North Carolina, Create 1,750 Jobs
Toyota will build a new $1.29 billion battery plant for electrified vehicles in North Carolina, the company announced Monday afternoon.
Power Cable
Nexans Confirms Oseberg Power Cable Deal
The contract, worth more than 80 million euros comes after Equinor and its partners sanctioned a ~$1,1 billion project to further develop the Oseberg field.
Wind Power Project
Adani Group to Develop 1,000 MW Wind Power Project in Sri Lanka's Mannar
Colombo, Dec 5 India’s Adani Group, owned by Indian business tycoon Gautam Adani, is to develop a 1,000 MW wind power project in Mannar in Sri Lanka, valued at…
Hydrogen Project
Huge $2.6 billion Green Hydrogen Project Planned for Europe
Hydrogen, which has a diverse range of applications and can be deployed in a wide range of industries, can be produced in a number of ways.
Hydropower Plant
Wudongde hits 50 billion kWh Mark in Power Generation
China Three Gorges Corporation has announced that the 10.2GW Wudongde hydropower station hit the milestone of generating 50 billion kWh of electricity on 27 Nov…
Oil & Gas Trade
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dolla…
Nuclear Fusion
Equinor Ventures Increases Investment in Fusion
Equinor Ventures, the venture capital arm of Equinor, is increasing its investment in Commonwealth Fusion Systems as part of the Series B funding round to raise…
Natural Gas
Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia
Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.
EU
EU unveils 300 billion Euro Answer to China's Belt and Road
The European Commission unveiled on Wednesday a plan to invest 300 billion euros globally by 2027 in infrastructure, digital and climate projects as a better al…
Coal Gasification
China’s Longest Coal-Bed Methane Pipeline Completes, Adding New Momentum to Natural Gas Supply
The Shanxi-Hebei section of the coal-bed methane pipeline starts from Lüliang in Shanxi and reaches Hengshui in Hebei, spanning a total length of 548.95 kilome…
United States
More Gulf of Mexico Work for Seadrill Rigs
While working to emerge from Chapter 11, offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico and added about $0.…
Electric Car
Nissan to Spend $17.6 billion Over 5 Years in Electrification Push
Nissan Motor Co announced it will spend 2 trillion yen over the next five years to accelerate vehicle electrification, betting tighter carbon emission restricti…
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