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Oil & Gas Trade
Bulgarian State-Owned Gas Company Makes Big Losses Due to Contract With Turkey
The contract between Bulgargaz and BOTASH provides for the reservation of 1.85 billion cubic metres (bcm) per year of capacity from Turkish LNG terminals to the…
Oil & Gas Trade
Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo Purchase Licensing RightsFinancial det…
LNG
Turkey in Talks With Exxonmobil Over Multibillion-Dollar Lng Deal, Ft Reports
Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/ File…
Electric Vehicles
Toyota Investing $1.4b in Indiana to Prepare for Assembly of New Three-Row Electric SUV and Battery Pack Assembly
Toyota will prepare for assembly of an all-new, three-row battery-electric SUV in the US as part of a new $1.4-billion investment in its Princeton, Indiana faci…
Renewable Energy
Iberdrola and Norges Bank Investment Management Conclude Negotiations to Expand Alliance to 2,500 MW of Renewables in Iberia
Following the conclusion of negotiations, the companies add a further 644 MW into their alliance and are now developing approximately 2,500 MW of renewables in …
Coal-Fired Power Plants
Czech Billionaire Kretinsky's Energy Assets Make $7.8 Bln Core Profit in 2023
Czech businessman Daniel Kretinsky speaks at a conference in Prague, Czech Republic, October 17, 2023. REUTERS/David W Cerny/ File photo Purchase Licensing Righ…
Solar Power Plant
Illinois Rural Electric Co-op Customers Seek Clarity, Consistency From 'Solar Bill of Rights'
(A solar array in rural Illinois. Credit: Joseph Gage / Creative Commons )by Kari Lydersen, Energy News NetworkAn Illinois bill that started as a protection for…
Hydro Generator Unit
Hitachi Energy announces $1.5 billion investment to boost global transformer production by 2027
In a bid to meet the surging global demand for transformers and bolster electrification efforts worldwide, Hitachi Energy unveiled plans to inject over $1.5 bil…
Solar Power Plant
ENGIE Completes $1B in Tax Equity Financing for 1.3 GW of Wind, Solar
(Photo by American Public Power Association on Unsplash )ENGIE North America announced it has completed more than $1 billion of tax equity financing for 1.3 GW …
Renewable Energy
Japan's Sumitomo Plans $1.3 Billion Renewable Power Storage Network, Nikkei Reports
Logos of Sumitomo Corp are seen after the company's initiation ceremony at its headquarters in Tokyo, Japan April 2, 2018. REUTERS/Toru Hanai/File Photo Pur…
Oil & Gas Supply
Pakistan Refiners Warn $6 Bln Upgrades at Risk Due to Fuel Price Deregulation Plan
Pakistan's plans to deregulate fuel prices could lead refiners to halt planned upgrades worth up to $6 billion and force some refineries to close, some of t…
Renewable Energy
DOE Reveals First Clean Energy Projects Receiving $1.93b in Advanced Manufacturing Investments
(Credit: Kārlis Dambrāns / Flickr)The U.S. Department of Energy (DOE) released details for 35 projects across 20 states that voluntarily shared with DOE they …
Solar Power Plant
Biden Unveils $7 Billion for Rooftop Solar in Earth Day Message
U.S. President Joe Biden gestures as U.S. Senator Bernie Sanders (I-VT), U.S. Representative Alexandria Ocasio-Cortez (D-NY), U.S. Senator Ed Markey (D-MA) and …
Oil & Gas Trade
Portugal's Galp Says Field off Namibia Could Contain 10 Billion Barrels of Oil
Galp Energia logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsPortuguese oil …
Hydropower Plant
U.S. Hydropower Generation Expected to Increase by 6% in 2024
(Source: Consumers Energy.)This year, the U.S. Energy Information Administration expects hydropower generation to increase 6% and account for 250 billion kWh, b…
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