Energy economy

Oil & Gas Trade
BPCL Pays for Defaulting Videocon in Brazil Oil Block
State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to ac…
Hydropower Plant
Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project
The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.
Energy Investment
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Oil Field
Shell Looks to Sell off Stake in Philippines Gas Field
Shell is looking to sell its 45pc stake in the Philippines' Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
Power Construction
Power Grid Gets Shareholders' Nod to Raise Up to Rs 10,000 Crore
All resolutions as set out in the notice of 31st Annual General Meeting held on September 22 have been duly approved by the shareholders with requisite majority…
Energy Investment
Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar
Bord na Mona has launched a major fundraising campaign to build a series of climate action projects across its 200,000 acre landholding.
Austria
Austrian Utility OMV Sells Gas Pipeline Unit to Verbund
Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and …
Air Products China President Saw Choon Seong Appointed Chongqing Mayor’s International Economic Advisor
Appointment Reinforces Company’s Commitment to Southwestern China’s Inland Megacity.
Hydropower Plant
JLEN Acquires Hydropower Facilities
Environmental infrastructure fund JLEN has acquired two operational hydro projects as part of a £4.74 million acquisition of Northern Hydropower Holdings Limit…
China
China's CATL to Invest in Canada’s Neo Lithium
Chinese battery manufacturer Contemporary Amparex Technology will pay C$8.5mn to acquire an 8pc equity stake in Canada-based lithium brine explorer Neo Lithium.
Spain
Iberdrola Acquires Japan’s Acacia Renewables with Development Deal
Spanish electric utility company Iberdrola has agreed to buy out Japan’s green energy supplier Acacia Renewables.
US DoE Announces $1.5m in Funding for Carbon Capture Project with Total
The US Department of Energy has announced additional funding for a carbon capture technology research and development project with Total.
United Kingdom
British Gas Ranked Number One by UK Business Energy
Utilities giant British Gas has come out on top in a new study on the performance of UK energy suppliers to the commercial market.
United States
The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050
Utility net-zero carbon pledges are piling up, even if the companies are a long way from kicking their fossil fuel habits.
Energy Investment
Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up
Non-profit investment company Lundin Foundation has invested $357,000 in wave energy foundation Ocean Harvesting Technologies.

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Energy economy

BPCL Pays for Defaulting Videocon in Brazil Oil Block

Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project

Canadian Government Commits C$320 Million to Aid Offshore Oil Industry

Shell Looks to Sell off Stake in Philippines Gas Field

Power Grid Gets Shareholders' Nod to Raise Up to Rs 10,000 Crore

Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar

Austrian Utility OMV Sells Gas Pipeline Unit to Verbund

Air Products China President Saw Choon Seong Appointed Chongqing Mayor’s International Economic Advisor

JLEN Acquires Hydropower Facilities

China's CATL to Invest in Canada’s Neo Lithium

Iberdrola Acquires Japan’s Acacia Renewables with Development Deal

US DoE Announces $1.5m in Funding for Carbon Capture Project with Total

British Gas Ranked Number One by UK Business Energy

The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up