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China-Kazakhstan Economic Cooperation Paving Way for Next Golden Thirty Years
LNG
04-11-2022
Shell's Flagship LNG Trading Division Made Big Loss in Q3
Gas trading divisions by Shell’s peers performed much better.
Energy Transition
04-11-2022
British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal
Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of RNG.
Natural Gas
04-11-2022
Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues
German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion ($4.6 billion) loss recorded in the same period last year.
04-11-2022
Rising Interest Rates Weigh on Renewable Growth
European renewable stocks have fallen 20% since August.
04-11-2022
Biden Unveils $13.5 Billion Package to Ease Home Energy Costs
U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.
Oil Price
04-11-2022
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.
Offshore Wind Power
03-11-2022
Japan's TEPCO Renewable to Buy British Offshore Wind Power Firm
TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, said on Wednesday it will buy 100% stake in Flotation Energy, a British floating offshore wind power company, for an undisclosed sum.
Denmark
03-11-2022
Equinor to Acquire Danish Solar Power Developer
Norwegian energy firm Equinor said on Wednesday it had agreed to buy Denmark's BeGreen, a solar project developer in north-west Europe, for an undisclosed sum.
03-11-2022
Green Investment Group Buys BayWa r.e. Bioenergy Platform
Maquarie Asset Management’s GIG acquires specialist biogas platform from BayWa r.e. AG and looks to grow business across Germany, Italy and rest of Europe.
03-11-2022
Alok Sharma Calls for Increased Windfall Tax After BP Bumper Profits
Cop26 president says 'excessive profits' must be treated in 'the appropriate way' when it comes to taxation.
02-11-2022
Octopus Energy to Take Over Struggling Competitor Bulb Energy
Octopus Energy Group is taking on state-run Bulb Energy’s 1.5 million customers after securing approval from the British Government.
United Arab Emirates
02-11-2022
UAE and US in Strategic Partnership to Invest $100bn in Clean Energy Projects
The two countries plan to produce 100 gigawatts of clean energy globally.
Philippines
02-11-2022
Philippines’ Meralco Posts 20% Net Income Growth in First Nine Months
Its reported net income stood at P19.8b (US$341m).
Hydrogen Project
02-11-2022
ACWA Power, EBRD Sign Sustainable Infrastructure Financing Deal
Focus countries are Uzbekistan, Azerbaijan, and Egypt.
Australia
02-11-2022
ACEN Australia Bags $75m Funding for 8GW Renewable Energy Projects
This CEFC investment will accelerate the development of ACEN’s renewables portfolio.
02-11-2022
GE’s Renewables Business Reports $1.8bn Loss so Far This Year
Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.
01-11-2022
GCC Economies Projected to Grow 6.9% in 2022, World Bank Says
Investing in green growth could drive regional GDP to $13tn by 2050, according to report.
Natural Gas
31-10-2022
QatarEnergy in Talks for 30% Stake in Lebanon Offshore Gas Project, Says CEO
State-owned QatarEnergy is in talks with the Lebanese government to take a 30% stake in an offshore exploration block and is also negotiating with TotalEnergies and ENI on this matter.
31-10-2022
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 $14 billion including debt.
30-10-2022
Octopus to Take Over Collapsed Supplier Bulb
Octopus will take on Bulb’s 1.5 million customers.
29-10-2022
Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices
The Texas-based company posted a net profit of $19.66bn for the three months to September 30.
28-10-2022
Shell More Than Doubles Profits in Third Quarter
The company’s underlying profits reached $9.5 billion in the third quarter.
EU
27-10-2022
EIB Group Supports REPowerEU Plan With €30BN Financing
Package of new, targeted financing is expected to mobilise up to €115bn of new investment by 2027, contributing to ending energy dependency on Russia.
EU
27-10-2022
EU Gives 80 Mln Euro to N. Macedonia to Tackle Energy Crisis
The European Union pledged 80 million euros to North Macedonia to tackle energy crisis and it will help to build new generating capacities.
France
27-10-2022
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 euros reported in September.
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