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Banks Haven’t Quit Coal. Study Says Commercial Lenders Have Channeled $1.5 Trillion to the Industry Since 2019
Banks and investors have channeled massive sums of money to support the coal industry in recent years, according to new research, propping up the world’s dirti…
Power Construction
Millions Left without Power After Huge Blackout Hits Central Asia
Major cities in Kazakhstan, Uzbekistan and Kyrgyzstan hit by power outages after an ’emergency imbalance’ in a power grid.
Energy Security
Moldova Declares State of Emergency in Energy Sector
The Moldovan parliament approved a measure by prime minister Natalia Gavrilita to declare a state of emergency in the energy sector for 60 days to ensure uninte…
Electricity Transmission
Details Emerge About DOE, FERC Grid Plans for Clean Energy
The Biden administration’s plan announced yesterday to pump $20 billion into expansion of the nation’s transmission networks will target “shovel ready” proj…
Nuclear Power Plant
NuScale Merger to Accelerate SMR Commercialisation
NuScale Power has announced plans to merge with Spring Valley Acquisition Corp to create a new "first of its kind" energy company to accelerate the commercialis…
Hydrogen Project
POSCO International Acquires Senex Energy to Expand Hydrogen Biz
POSCO International is pursuing global mergers and acquisitions in preparation for the energy transition era.
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…
Crude Oil
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
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.…
Microgrid
Renewable Energy Microgrid to Power Japan’s Okinoerabu Island
The microgrid will use Kyocera’s energy management system, storage batteries, solar, and wind to maintain power even during emergencies or natural disasters, a…
Energy Investment
TotalEnergies, Eni to Invest billions in Libyan Energy Projects
France’s TotalEnergies SE and Italy’s SpA said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and…
Natural Gas
BHP, Woodside Agree on $12 billion Australian Gas Project
BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine…
Geothermal Power Plant
Drilling Kicking off for Patuha/ Dieng Geothermal Plant Expansion, Central Java
As part of news on geothermal production bonus payments to local administrations, which will increase the Regional Original Income (PAD), news emerge on the imm…
China
China Establishes Electricity Equipment Giant Through Merger
China has established a central government-controlled electricity equipment company through a merger, according to a statement issued by the State-owned Assets …
Offshore Wind Power
SSE Merges Scottish Offshore Projects to Create 4.1GW Giant
Berwick Bank and Marr Bank developments can be delivered more quickly as a single entity, says developer
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