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Energy Investment
China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms
China Three Gorges Corp. plans to invest nearly 41.2 billion yuan in building three offshore wind farms in southeastern China’s Guangdong province, the state-o…
Energy Storage System
Doosan Heavy Industries & Construction to Build ESS in Australia
Doosan Heavy Industries & Construction (DHIC) announced on Dec. 15 that it will build an energy storage system worth 110 billion won in Australia along with its…
LNG
Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project
Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President…
Oil Price
Iran Bases Its 2022 Budget on $60 oil
The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year.
Electric Vehicle Battery
LG Energy Solution and GM Considering Building 3rd Joint Venture Battery Factory in Michigan
LG Energy Solution and General Motors of the United States are considering investing US$2 billion to build their third joint venture battery cell plant in the U…
Electric Car
EU Approves €3 billion Spanish Scheme to Support Electric Vehicles
The European Commission has approved, under EU State aid rules, a €3 billion Spanish scheme to support research, development and innovation, as well as environ…
Romania
OMV Petrom to Install 1 GW of Renewables in Romania by 2030
In its EUR 11 billion investment plan for the current decade, OMV Petrom earmarked more than 35% for low and zero carbon opportunities.
Natural Gas
Saudi Aramco, BlackRock Sign $15.5 billion Gas Pipeline Deal
Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana…
Energy Investment
Woodside to Invest $7b in Emerging Energy
Oil and gas supplier Woodside will invest $7 billion in low carbon energy by 2030 while still benefiting from a recently-announced merger with BHP's petroleum b…
Electric Car
Toyota to Build $1.29 billion EV Battery Plant in North Carolina, Create 1,750 Jobs
Toyota will build a new $1.29 billion battery plant for electrified vehicles in North Carolina, the company announced Monday afternoon.
Power Cable
Nexans Confirms Oseberg Power Cable Deal
The contract, worth more than 80 million euros comes after Equinor and its partners sanctioned a ~$1,1 billion project to further develop the Oseberg field.
Wind Power Project
Adani Group to Develop 1,000 MW Wind Power Project in Sri Lanka's Mannar
Colombo, Dec 5 India’s Adani Group, owned by Indian business tycoon Gautam Adani, is to develop a 1,000 MW wind power project in Mannar in Sri Lanka, valued at…
Hydrogen Project
Huge $2.6 billion Green Hydrogen Project Planned for Europe
Hydrogen, which has a diverse range of applications and can be deployed in a wide range of industries, can be produced in a number of ways.
Hydropower Plant
Wudongde hits 50 billion kWh Mark in Power Generation
China Three Gorges Corporation has announced that the 10.2GW Wudongde hydropower station hit the milestone of generating 50 billion kWh of electricity on 27 Nov…
Oil & Gas Trade
Iraq’s Crude Exports Exceed 98 Million Barrels In Nov: Ministry
Iraqi Ministry of Oil said yesterday that, the country exported 98.19 million barrels of crude oil in Nov, bringing in revenues of about 7.59 billion U.S. dolla…
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