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Carbon Emissions

South Africa Says It Needs $84 Billion for Energy Transition in Next Five Years

South Africa needs about 1.5 trillion rand ($84 billion) over the next five years for its plans to cut carbon emissions, harness economic opportunities from the…

Natural Gas

Enbridge Greenlights C$3.6 Billion Gas Pipeline Expansion in Canada

Canadian energy infrastructure firm Enbridge Inc on Friday announced a C$3.6 billion expansion of the southern segment of its British Columbia (B.C.) gas pipeli…

Natural Gas

Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues

German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion…

Crude Oil

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel…

Biden Unveils $13.5 Billion Package to Ease Home Energy Costs

U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.

Oil Price

BP Looking at Billions in Buybacks for Q4

British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.

Net Zero Emission

Report Lays out How Countries Could Reorient Their Problematic Climate Plans

A new study is the first to calculate that countries collectively need a total of 1.2 billion hectares of land to fulfill the promises laid out in their officia…

Nuclear Power Plant

Poland's First Nuclear Power Plant to Cost Around $20 Bln - PM

Poland's first nuclear power station, which will be built by U.S. firm Westinghouse Electric Co, will cost around $20 billion.

Hydrogen Production

Kazakhstan Makes $50 Billion Bet on Green Hydrogen

Kazakhstan signed a $50 deal with European renewables group Svevind to build a huge hydrogen production facility.

Emerson Sells Majority Stake in $14 Bln Climate Tech Unit to Blackstone - WSJ

U.S. industrial firm Emerson Electric Co is selling a majority stake in its climate-technologies unit to Blackstone Inc, in a deal that would value the unit at …

Shell More Than Doubles Profits in Third Quarter

The company’s underlying profits reached $9.5 billion in the third quarter.

France

French Power Group EDF Issues New Profit Warning

EDF said on Thursday it now expected a hit to its core earnings of around 32 billion euros because of lower nuclear production,a bigger loss than the 29 billion…

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Hydrogen Project

ACWA Power and Industrial Development Corporation of South Africa (IDC) Set to Explore Green Hydrogen Projects in South Africa

Agreement intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at $10 billion.

Hydrogen Project

Hydrogen to Deliver More Than $8.7BN Annually to the UAE Economy – Report

Opportunities are driving multibillion-dollar investments individually and jointly, through bilateral agreements such as the strategic partnership between bp, A…