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Energy economy
Australia
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oi…
Energy Investment
Dhaka Seeks US-Investment in Off shore's Oil, Gas Exploration
Tawfiq-e-Elahi Chowdhury encouraged ExxonMobil officials to invest in Bangladesh during a meeting held with senior officials of ExxonMobil at the Bangladesh Emb…
Crude Oil
Energy Import Bill up 131 pct in June 2021
Turkey's energy import bill increased by 131 percent to $3.63 billion in June this year compared to the same month last year.
Market Analysis
Can G7 Countries Compete With China’s Belt And Road Initiative?
Following the expansion of Chinese-led projects in many emerging markets over the past decade, the G7 has unveiled its own initiative to support global infrastr…
Energy-Eficient Building
KENYA: London Funds 10,000 Green Homes and Supports Electric Mobility
The UK government is announcing a series of green investments in Kenya, worth £132 million, more than $183 million.
Power Cable
Nexans Publishes Half-year 2021 Earnings
"Nexans is now a structured, healthy and solid Group. We will continue to trigger structural value growth while amplifying our impact on energy transition,” sa…
United States
Tesla’s Solar and Energy Storage Business Rakes in $810M, Finally Exceeds Cost of Revenue
Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage an…
Energy Transition
Chevron Sets up Energy Transition Unit, Names Company Insider As Head
Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on …
Power Construction
Clean Energy, Aging Grid to Get Big Boosts Under Infrastructure Deal
Measure includes funding for electric vehicle charging stations across the U.S., thousands of miles of new high-voltage transmission lines.
South Korea
South Korea: Hyundai Oilbank Sells Storage Terminal Business
Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.
Italy
Prysmian Energy Earnings Rise 12% in H1 2021
Growth attributed to volume increases and cost efficiency measures
Portugal
EDPR Posts 13% Earnings Dip in H1 2021
EDP Renewables has reported EBITDA of €654m for the first half of 2021, a drop of 13% from the same period last year.
Smart Grid
Iberdrola and EIB Sign Loan Agreement for Spanish Electricity Infrastructure
The loan is intended to help improve the reliability, efficiency and security of Spain's renewable energy supply.
China
China Energy Engineering Group Merges with China Gezhouba Group
After the merger is completed, Gezhouba Group will terminate its listing.
Electricity Transmission
RBC Bearings to Acquire ABB’s Power Transmission Division for $2.9bn
The transaction is intended to create a manufacturer of performance-critical bearings and motion control components.
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