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Carbon Neutrality
Shanghai Unveils Green Shipping Plan as New Emissions Rules Loom
The government in Shanghai wants to convert the world’s busiest port into a center for greener shipping.China’s biggest city aims to build its capacity to sup…
Distributed Grid
UK Power Hits 11-Month High as Reliance on Europe Reaches Record
UK power prices jumped to their highest in almost a year as the country imports electricity from Europe at record levels.The day-ahead price for delivery Tuesda…
Oil & Gas Trade
South Africa Oil Group Seeks to Amend New Law to Woo Investors
Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramap…
Oil & Gas Trade
Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan
Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, com…
Oil & Gas Trade
Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …
Germany
Iron Could Be The Answer To Germany’s Hydrogen Requirements Shows Report
A report released by DNV on behalf of the Climate Neutrality Foundation shows that the production of hydrogen from iron could be a promising, cost-effective way…
Offshore Wind Power
Petrobras To Start Major Offshore Wind Measurement Campaign Using Brazil-made Floating Lidars
The company will invest BRL 60 million (approximately EUR 9.6 million) in the new measurement campaign which follows a one-year deployment of the first floating…
Green Hydrogen
Engie And Morocco's OCP Renewables Deal Worth Billions, Says Source
Morocco's phosphates and fertilizer giant OCP and French energy firm Engie ENGIE.PA signed a preliminary agreement on Monday for projects that could generat…
Oil & Gas Supply
US Seeks Up To 3 Million Barrels Of Oil For Emergency Reserve
The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that wou…
Tidal Energy
Innovation Fund Backs 29 MW Tidal Power Expansion In Normandy With €51M
French tidal energy company HydroQuest and tidal energy developer Normandie Hydroliennes have secured €51 million in Innovation Fund grants to advance two …
Argentina
Eramet Reclaims Full Ownership Of Lithium Operations In Argentina
French mining company Eramet has acquired Tsingshan Group’s 49.9% stake in Eramine Sudamerica for $699m (€645.83m) to regain full ownership of its Ar…
Hydrogen Production
Statkraft Aiming For Up To €107 Million In Eu Funding For Hydrogen Production In Germany
Statkraft can likely count on support from the EU in its plans to build a hydrogen production site in Germany.The Norwegian state-owned company wants to build e…
Oil Price
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…
Electricity Transmission
Iberdrola acquires 88% of UK-based Electricity North West for $5.4bn
Iberdrola has closed the acquisition of an 88% stake in UK-based Electricity North West (ENW).The agreement values the entire company, including debt, at €…
Carbon Storage
‘First-of-its-kind’ Open-access Co2 Storage Concept Gets €225 Million Eu Support
UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the …
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