Bill

Natural Gas

Ukraine Plans Gas Measure Change from May 2022

Ukraine's parliament has supported a revised bill requiring gas reporting to be measured in energy units rather than volumetric space, with effect from May 2022…

Oil Price

Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices

Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs…

Solar Power Plant

Malaysia Solar Crew Partners on 500MW in Taiwan

Geely-owned automaker Volvo Car AB made its trading debut in Stockholm, Sweden on Friday, raising over $2 billion for its future development, especially in the …

Electric Car

Geely-Owned Volvo to Raise Over $2b in Stockholm IPO

Geely-owned automaker Volvo Car AB made its trading debut in Stockholm, Sweden on Friday, raising over $2 billion for its future development, especially in the …

Hydrogen Project

JCB Signs Green Hydrogen Deal Worth Billions

Construction equipment maker JCB has signed a deal to buy billions of pounds of green hydrogen, defined as hydrogen produced using renewable energy.

Energy Investment

Biden’s New Spending Framework has $555 Billion for Clean Energy, Focused on Incentives, not Punishments

President Joe Biden is expected to unveil a new $1.75 trillion spending framework Thursday, which includes $555 billion for clean energy.

Nuclear Power Plant

4.3bn kWh of Electricity Generated by Belarusian Nuclear Power Plant's First Unit So Far

Since it was connected to the power grid in November 2020, the first unit of the Belarusian nuclear power plant has generated 4.3 billion kWh of electricity.

Oil Field

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian…

Hydropower Plant

720MW Karot Hydro Project to be Completed by Dec

The Karot Hydropower Project is a 720MW run-of-river project is being constructed with the estimated cost of $1.74 billion, is likely to be completed by Decembe…

Hydrogen Project

Saudi Arabia to Use $110 billion Natural Gas Field for Blue Hydrogen

A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman

Oil Exploration

4 Offshore Contracts Signed for Hydrocarbon Exploration and Production; Investments will Total US$1.4 billion

The National Hydrocarbons Agency and Anadarko Colombia Company signed 4 contracts for the exploration and production of hydrocarbons in the Colombian Caribbean,…

Hydrogen Project

Equinor Launches a Multibillion-Dollar Blue Hydrogen Plan

Equinor ASA, the flagship producer of oil and gas giant Norway, is investing billions of dollars in blue hydrogen on a bet that it can make the fuel more cleanl…

Crude Oil

ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels

ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barre…

Turkey

Turkey's Energy Import Bill up 104% in August 2021

Turkey's energy import bill increased by 104% to $4.36 billion in August this year compared to the same month last year.

Electric Car

China's Electric Carmakers Make Their move on Europe

Nio Inc, among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday - the first foray outside China for a company that is virtually u…