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Energy economy
Energy Technology
US$47m Funding from US Department of Energy for Disruptive Tech Mostly goes to Batteries, Smart Grid
The lion’s share of new funding announced this week to help scale-up potentially disruptive technologies by the Advanced Research Projects Agency - Energy of t…
United Kingdom
Vestas Lay off 220 Employees in Denmark and Britain
Danish wind turbine manufacturer Vestas Wind Systems has announced it will lay off 220 employees in Denmark and Britain.
Oil Field
Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields
Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry
China
China and EU Together for a Better Tomorrow
On Dec 30, China and the European Union concluded the negotiations on the EU-China Comprehensive Agreement on Investment.
Clean Energy Transition
COP26: Developed Nations Urged to Provide $100bn for Energy Transition
World energy leaders held a virtual COP26 Roundtable on Clean Power Transition to discuss the global transition to clean power as part of a green recovery and t…
Crude Oil
Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Electric Car
Tesla Gains 5% on Launching in India
Tesla stocks rallied higher at the end of Tuesday’s trading session gaining as much as 5% as the stock settled at $849.
Energy Investment
Resalta Sells Croatian Biomass Cogeneration Plant
The transaction is one of the largest foreign investments in the biomass renewables segment in Croatia.
China Belt and Road
ANGOLA: Government Calls on China to Invest in Renewable Energies
The Angolan authorities recently launched an appeal to Chinese businessmen to increase their investment in the renewable energy sector.
Wind Turbine
Siemens Gamesa to Close Two Turbine Manufacturing Plants in Spain
Wind turbine manufacturer Siemens Gamesa has announced plans to close its Somozas and Cuenca plants in Spain.
Energy Investment
Globeleq Expanding into Nigerian Power Business
Independent power generation company Globeleq will take a 74% stake in Nigerian power business CPGNL Limited.
France
Total to Keep up Renewables Energy Investments in 2021, Says CEO
Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday.
Wind Farm
Enercon, Petrobras Offload 52MW Brazilian Wind Duo
Enercon's Brazilian subsidiary Wobben Windpower and Petrobras have completed sale of two operational wind farms in Brazil totalling 52MW to V2I Transmissao de E…
Market Analysis
Wood Mackenzie reveals energy sector’s top ten trends in 2021
Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.
Oil & Gas Trade
China Trade War on Itself Sends LNG Prices Mad
Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…
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