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MENA Gas Investments Surge to $126bln
Teck Resources Drops Plans for $15.5bn Frontier Oil Sands Mine Project
The announcement comes just days ahead of a decision scheduled to be taken on the approval of the Frontier Oil Sands Mine Project by the Canadian cabinet.
China Starts to Reopen Gates to US Ethanol
China will offer tariff exemptions of nearly 700 types of goods from the US, including fuel ethanol, the Chinese government announced Tuesday, but traders are currently uncertain about its impact on future imports.
China’s Exim Bank Agrees $214m Loan for Rwandan Dam
A $214m concessionary loan has been agreed between the Export-Import Bank of China and the government of Rwanda for the Nyabarongo II dam, to be built by Chinese hydropower specialist Sinohydro
Trump's Agriculture Department Announces 30% Biofuel Goal for 2050
The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30% of U.S. transportation fuels by 2050, a move that could bolster an industry that has been otherwise battered by the Trump administration.
U.S. Sanctions Rosneft Unit for Ties to Venezuela Oil Production
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA, according to U.S. government documents.
Asian Markets Fall as Coronavirus Hits Earnings, Growth
China is the world's biggest importer and consumer of oil, and crude prices have been particularly sensitive to the epidemic that has spread to nearly 30 countries and territories.
OPEC Underestimates the Virus
The Covid-19 virus is a human tragedy for many who have been affected by it and it’s having a profound impact on the lives of a large part of the Chinese population.
Libya's Oil Corporation: Blockade Losses Exceed $1.3 Billion
Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday.
EDF Group Acquires 50% Interest in Irish Offshore Windfarm Project
The EDF Group has acquired a 50% interest in an offshore wind farm project in Ireland from wind energy company Hazel Shore.
US budget Request includes USD150 million for Uranium Reserve
The US Administration's 2021 budget request unveiled yesterday by President Donald Trump includes USD150 million to set up a uranium reserve to address challenges to the production of domestic uranium.
Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry
Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced.
'Hypocrisy' : 90% of UK-Africa Summit’s Energy Deals Were in Fossil Fuels
More than 90% of the £2bn in energy deals struck at this week’s UK-Africa investment summit were for fossil fuels, despite a government commitment to “support African countries in their transition to cleaner energy”.
DOE Secretary Says Coronavirus Unlikely to Hurt Energy Markets in Near Term
US Energy Secretary Dan Brouillette played down the effect that a coronavirus outbreak in China would have on energy markets, describing the impact as "marginal" even as worry over a slowdown in Chinese LNG demand...
The Brazilian Bioenergy Firm to help Zambia Develop the Biofuel Industry
The Brazilian Bioenergy, Ethanol and Sugarcane Association has pledged to support Zambia with technological advancements in its quest to develop the Biofuel Industry.
Siemens Gamesa Swings to Loss and Cuts Guidance
Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year guidance.
U.S. Agriculture Dept. Creating Incentive Program to Boost Ethanol & Biodiesel Sales
The U.S. Department of Agriculture (USDA) is seeking input from biofuel stakeholders as it works to create the Higher Blends Infrastructure Incentive Program (HBIIP), whose goal is to increase sales of E15 gasoline and B20 biodiesel.
U.S. Extends Clampdown on Iran With Sanctions on Energy Firms
The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic’s revenue sources.
Energy Management System Market to Reach $43 Billion by 2024
Energy Management System Market is set to grow from its current market was valued at over USD 23 billion in 2018 to USD 43 billion by 2024, according to a new research report by Global Market Insights, Inc.
Rising Demand for Steel And Energy Pushed Global Coal Use
The global maritime coal trade grew 0.7 per cent last year, helped by increased output in China and Indonesia, according to Germany’s VDKI coal importers lobby.
Global Power Industry Tenders In December 2019: Solar Technology Declines 24%
Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 65 tenders and a share of 72.2% during December 2019, followed by Europe with 14 tenders and a 15.6% share.
New York to Invest $2bn in Utility Energy Efficiency Initiatives to Combat Climate Change
As part of the initiative, the New York State Public Service Commission has approved energy efficiency and electric heat pump targets to significantly reduce energy consumption in the state.
Bloomberg NEF Report：China’s Renewable Investments Fall As US’s Rise in 2019
According to a report published by BloombergNEF, China, with $83.4bn of investments in the renewable sector, was still the biggest player in the industry but in 2019 had the worst performance since 2013.
Experts Views About How the Energy Industry Will Grow in 2020
Major shifts — including new technology, rising oil prices and a changing climate — are encouraging investors to look to new energy sources.
EU Wants to Spend 1 Trillion Euros for “Sustainable Investments” Across The Coming Decade
Financing for this will come from the EU budget, co-financing from EU member states, and contributions from the European Investment Bank and InvestEU, a major funding program set to run from 2021 to 2027.
US And China Sign Trade Agreement of The First Step, Energy Tariffs Remain
The US and China have agreed the first step of a broader deal to diffuse a trade war between the two economic giants, though key tariffs on energy imports into China remain in place.
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Total Drives Green Strategy With €500m Zero-Crude Project
Vietnam Requires $133.3bn in Power Investment By 2030
Europe Announces First-Ever Renewable Energy Institute
NextEra Energy to Acquire Power Transmission Company GridLiance
ExxonMobil to Cut European Workforce By 1600
Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes