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Carbon Neutral
Eni to Splash €5.7 bln by 2024 in Carbon-Neutrality Push
2021-05-14
Tesla Stops Accepting Bitcoin As Payment
Less than two months after Tesla’s Elon Musk said the company will be accepting bitcoin as payment for EVs, the company’s CEO did a U-turn, tweeting that Tesla will no longer accept the cryptocurrency because of its carbon footprint.
Power Construction
2021-05-14
Two Major Grids' Profits See High-Voltage Rebound
Profits at China's two major power grid operators have witnessed a sharp rebound during the first quarter, thanks to the domestic economic recovery, and the trend is expected to continue throughout this year, said analysts.
Thermal Coal
2021-05-13
China’s Coal Futures Hit Record As Exchange Tries to Cool Rally with Fee Hike
Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound.
Hydropower Plant
2021-05-11
Additional Investment Announced for Kivalliq Hydro-Fibre Link Project, Canada
Additional investment of around $3 million has been approved to support the potential development of a hydroelectric and fibre-optic link that would connect communities in the Kivalliq region of Nunavut to Northern Manitoba, Canada.
LNG
2021-05-11
MIC Approves $2.5bn Investment for Myanmar Power Plant
MIC announced the investment at a meeting chaired by State Administration Council member and MIC chairman, Lieutenant–General Moe Myint Tun, along with other members of MIC.
Energy Investment
2021-05-11
The OPEC Fund to Support Renewable Energy Projects in Nepal
The loan represents the OPEC Fund's first financial institution transaction in the country.
United Arab Emirates
2021-05-10
First Green Mortgages Issued in UAE Through HSBC Bank
Climate change has become a global pressing issue and governments and private entities are racing to find new ways to incentivise green investment
United Arab Emirates
2021-05-10
Dana Gas Year on Year Profits Leap 41pc in Q1
Abu Dhabi-listed Dana Gas reported net profits of $24mn in the first quarter of this year, up 41pc versus the corresponding quarter in 2020, as it boosted production from the Khor Mor gas field in the semi-autonomous Kurdistan region of northern Iraq.
2021-05-09
Siemens Energy Reports Moderate Drop in Q2 revenue
Siemens Energy has reported a decrease in revenue by 4.4%, down to €6.5bn, for the second quarter of 2021, compared to €6.78bn in the same quarter of last year.
Energy Investment
2021-05-08
UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing
Banks should finance low-carbon climate-resilient projects, not big fossil fuel infrastructure that is not even cost-effective anymore, UN Secretary-General António Guterres’ said during a climate meeting this week.
United States
2021-05-07
Siemens Energy to Shut Olean Plant
Siemens Energy has announced plans to shut its plant in Olean, New York by June 2022
Oil Price
2021-05-07
Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil
The world’s largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product this year if oil prices average $60 per barrel.
Wind Power Project
2021-05-07
Bank of Ireland and EIB Co-Finance €100m Wind Energy Project
The European Investment Bank is partnering with the Bank of Ireland to co-finance a €100 million wind energy farm project.
Energy Investment
2021-05-06
Iraq to Invest $3bn Over Five Years in the Basrah Gas Company
Baghdad has also looked at forming other alliances regionally, to wean its dependence off Iranian gas
Wind Power Project
2021-05-06
JSW Renew Energy Signs Wind PPA in India
Indian power company JSW Energy’s subsidiary, JSW Renew Energy, has signed a 540MW power purchase agreement with the Solar Energy Corporation of India for blended wind power capacity.
2021-05-05
Total Acquires Interest in Yunlin Holding GmbH from wpd
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei.
Power Construction
2021-05-04
US DOE Promises Loans for Electric Infrastructure Projects
The US Department of Energy (DOE) has announced loans of up to $8.25bn to support projects for expanding and improving the country’s electricity grid.
RCEP
2021-05-04
Japan Approves RCEP, World's Largest Trade Deal Including China, ASEAN
Japan's upper house of parliament on Wednesday approved the world's largest free trade deal RCEP which comprises 15 Asia-Pacific countries.
Oil Refinery
2021-05-01
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as the coronavirus pandemic hammered fuel consumption
Russian Federation
2021-04-30
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Natural Gas
2021-04-30
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Wind Power Company
2021-04-30
Vattenfall Wind Business Records Q1 Earnings Dip
Results affected by unfavourable weather conditions despite new capacity
2021-04-29
Major Chinese Investors Could Buy Stake In Aramco
Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company in the world, Saudi Aramco.
Energy Investment
2021-04-28
Energo-Pro Completes Largest Czech Investment in Hydropower Industry
Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the largest Czech investment in industry since November 1989.
United States
2021-04-27
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties.
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Most views from Energy Economy
1
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
2
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
3
MIC Approves $2.5bn Investment for Myanmar Power Plant
4
PetroChina Posts Best Quarterly Profit in Seven Years
5
US DOE Promises Loans for Electric Infrastructure Projects
6
Vattenfall Wind Business Records Q1 Earnings Dip
