Bill

Chevron Is Buying Renewable Energy Group for $3.15 Billion

Chevron will buy the biofuels company Renewable Energy Group for $3.15 billion, the companies announced on Feb. 28.

Oil & Gas Trade

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.

Electricity Transmission

Xinjiang's Electricity Transmission Volume Tops 500B kWh

Xinjiang Uygur Autonomous Region in northwest China has transmitted a total of 503.7 billion kWh of locally-generated electricity to other parts of the country …

Australian Mining Billionaire to Invest $2.2 Bln in Renewable Energy Project

Australian iron ore magnate Andrew Forrest, who's been betting big on a global green revolution, said on Sunday he was investing A$3 billion ($2.2 billion) in r…

Offshore Wind Power

U.S. Offshore Wind Auction Draws Record $4.37 Bln in Bids

The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from deve…

Oil Price

Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts

The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to t…

Net Zero Emission

Are Europe's Leading Banks Flouting Net-Zero Pledges?

Scores of Europe's leading banks have been accused of continuing to flout advice from climate scientists and economists by pumping tens of billions of dollars i…

Natural Gas

Israel to Increase Natural Gas Export to Egypt through Jordan Pipeline

Israel will begin exporting an additional 2.5 billion cubic meters of gas to Egypt this month via the Jordan pipeline.

Coal Mine

Coal Will Exit Australia’s Power Market Despite AGL’s Recalcitrance

The bid by a green billionaire to buy Australia’s most polluting company may have stumbled at the first hurdle, but it’s likely the race is far from over.

Floating Offshore Wind

Dutch Firm Planning Two Floating Wind Farms off Belfast Coastline in £3bn Investment

A DUTCH marine engineering specialist wants to develop two offshore floating wind farms just a few miles off the Belfast coastline in what is potentially a £3 …

Hydrogen Technology

First Hydrogen Train in Japan to Hit the Rails for Test Run

The two car “Hybari” train -- a combination of hybrid and the Japanese word for a lark -- cost about 4 billion yen ($35 million) to develop and can travel up …

Australia

Coal Will Exit Australia's Power Market Despite AGL's Recalcitrance

​The bid by a green billionaire to buy Australia's most polluting company may have stumbled at the first hurdle, but it's likely the race is far from over.

CCS

Feds Roll Out $12.1B In Infra Funding for Carbon Capture Tech, Pipelines

The White House is gearing up to spend $12.1 billion under the federal infrastructure bill to develop and deploy carbon capture technologies and build carbon di…

Coal Mine

AGL reject takeover bid from billionaire Mike Cannon-Brookes, who plans to shut down coal plants

Energy giant AGL has rejected a surprise $8 billion offer from tech billionaire Mike Cannon-Brookes and a Canadian asset management company, who want to shut do…

Natural Gas

Ukraine and Putin: An Expanded Perspective

Ukraine is the largest natural gas transit system in the world, particularly to Europe and earns roughly $1.2 billion per year from transit fees at $2.66 per 10…