Energy economy

Swedish Energy Agency Allocates $3.5M in Latest Marine Energy Call
The Swedish Energy Agency has recently opened a call for the development of cost-effective and sustainable marine energy systems.
Cyprus
EU Banks Support Natural Gas Adoption in Cyprus
The Natural Gas Infrastructure Company of Cyprus has secured a €80 million loan from the European Bank for Reconstruction and Development.
United Arab Emirates
Abu Dhabi Plans to Construct New Projects in Energy Sector
Awaidha Murshed Al Marar, Chairman, Abu Dhabi Department of Energy (DoE), has said that encouraging investment in the energy sector is one of the department's s…
United Kingdom
BP Cuts Dividend for First Time in a Decade After Record Loss
The dive into the red came after the firm slashed the value of its oil and gas exploration assets in response to price forecasts.
United States
Chevron Posts Massive $8.3 Billion Loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Electricity Transmission
Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035
Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.
Germany
EnBW Soars on Stellar Renewables Return
EnBW banked adjusted earnings before interest, tax, depreciation and amortisation of €426m from its renewables division for the first six months of 2020
Spain
Air Liquide’s First Renewables Deal in Europe to Power Spanish Operations
Global energy company Air Liquide has signed its first renewable power purchase agreement in Europe.
Russian Federation
Trump Says He Does not Understand why US should Defend Germany from Russia
US President Donald Trump said he does not understand why the US should defend Germany from Russia.
France
Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties
Schneider had previously forecast organic revenue growth and a higher core profit margin for the year, but scrapped this in March due to the pandemic
Energy Investment
Tokyo Gas to Spend $657 mln in U.S. Shale, Solar Assets
Tokyo Gas will also pay up to 49 billion yen to purchase the 630 megawatts Aktina solar power project in Texas from Hecate Energy, a U.S. renewable energy devel…
Saudi Arabia
MENA Fund to Increase Saudi Investments with Eye to Recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…
CNOOC
Chinese Offshore Oil and Gas Company Joins ADNOC’s Concessions
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum …
IFC Assists SMEs in Nigeria to Navigate Economic Challenges
International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.
Energy Investment
ES Kapital Invests in Munich Start-Up KEYOU
Innovative hydrogen technologies developer KEYOU has announced ES Kapital as its new financial investor.

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Energy economy

Swedish Energy Agency Allocates $3.5M in Latest Marine Energy Call

EU Banks Support Natural Gas Adoption in Cyprus

Abu Dhabi Plans to Construct New Projects in Energy Sector

BP Cuts Dividend for First Time in a Decade After Record Loss

Chevron Posts Massive $8.3 Billion Loss

Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035

EnBW Soars on Stellar Renewables Return

Air Liquide’s First Renewables Deal in Europe to Power Spanish Operations

Trump Says He Does not Understand why US should Defend Germany from Russia

Schneider Electric Expects Lower Annual Revenue, Margin on Virus Uncertainties

Tokyo Gas to Spend $657 mln in U.S. Shale, Solar Assets

MENA Fund to Increase Saudi Investments with Eye to Recovery

Chinese Offshore Oil and Gas Company Joins ADNOC’s Concessions

IFC Assists SMEs in Nigeria to Navigate Economic Challenges

ES Kapital Invests in Munich Start-Up KEYOU