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Energy economy
‘The Energy Sector is Ripe for Disruption’ Says Siemens Chief
“After COP26, no-one would dispute that the energy sector is ripe for disruption. We have to go through profound change.”
Hydrogen Technology
Centrica Acquires a Stake in Green Hydrogen Technology Company
UK utility Centrica has acquired a minority stake in HiiROC, a company that has developed a technology to convert biomethane and flare gas, or natural gas into …
Oil Field
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Electricity Transmission
Resurgent Power to Buy India's Transmission Line Project
Singapore-based Resurgent Power Ventures Pte Ltd has been nominated to acquire 100 percent stake in India's transmission power line project.
Electric Car
German Car Exports Fall in 3Q, EVs Buck Trend
German car exports fell in the third quarter because of semiconductor shortages and supply chain bottlenecks, but electric vehicle exports grew.
Energy Investment
UAE to Invest in Renewable Energy Projects of 3 GW in Turkey
The United Arab Emirates’ sovereign investment fund ADQ inked a strategic cooperation agreement with the Turkish Presidency Investment Office that includes 3 G…
Energy Investment
Germany Announces €1.2 bn to Help India Fight Climate Change
The IPCC released earlier this year found that both India and Germany will suffer more extreme events due to climate change.
Energy Transition
E.ON Plans to Invest $30bn in Energy Transition by 2026
E.ON’s investment will also focus on expanding its distributed energy infrastructure solutions.
United States
US Storage Player Offloads Stake
Apollo Funds will acquire 50% share in Broad Reach Power from existing investor EnCap and its partners
RCEP
Upgraded China-ASEAN Partnership Amplifies RCEP co-op
HF SPIRIT, a freighter sailing from Jakarta, capital of Indonesia, arrived at the Qinzhou Port in south China's Guangxi Zhuang Autonomous Region on Nov. 20, bri…
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…
Thermal Coal
China's Thermal Coal Futures Plunge Around 60% Since mid-October, State Planner Says
The prices of thermal coal futures have plunged around 60 percent since mid-October as a series of measures have shown results.
Energy Investment
BMW Invests $100 Million In Spartanburg Facility
The company calls South Carolina its "second home".
Japan
Australia Must Keep Japan Central to Its Future Plans
Australia needs to ramp up its already strong ties with Japan in the face of rapidly accelerating economic, environmental and social changes in both countries a…
Energy Investment
Inclusive Growth the Key to China’s Economic Success
The report said China's wealth reached $120 trillion in 2020, compared to $90 trillion for the US. Germany, Japan, Britain, France, South Korea and other countr…
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