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Bill
Hydrogen Fuel Cell
Korea's SK Group Wraps up USD-1.6bn Investment in Plug Power
South Korean industrial conglomerate SK Group has finalised its USD-1.6-billion capital investment in US fuel cell systems provider Plug Power Inc as part of a …
Electricity Reform
Mexican Electricity Reform Approved for Final Vote
Mexico's lower house approved an electricity reform bill that seeks to strengthen state power company CFE's market position, clearing the way for a final vote i…
Oil Pipeline
All Parties Accelerate the East Mediterranean Gas Pipeline Project
The project is expected to cost 7 billion euros, with a natural gas transportation volume of 9-12 billion cubic meters per year.
Electric Car
Matter Bets on Indian EV Market, Targets USD 1 bn Turnover by 2025
Bullish on the growth of electric vehicles market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion by 20…
Electricity Trade
State of Texas Should Pay for Enormous Energy Bills After Power Outages, Houston Mayor Says
Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay for the enormous electric bills that scores of Texans reported after severe winter …
Energy Security
Bill Gates Reveals What Caused Deadly Power Outages in Texas
On Saturday, US President Joe Biden declared a major disaster in the Lone Star State allowing the government to allocate more funds to help millions of people a…
Crude Oil
Mexico Overhauls Its Huge Oil Hedge
Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…
Natural Gas
Video: India is Building $ 60 Billion Gas Grid Project
The project will cost about $ 60 billion by 2024.
Carbon Neutral
3M to Invest $1 Billion to Achieve Carbon Neutrality, Reduce Water Use, and Improve Water Quality
"As we grow 3M, we will lead in environmental stewardship, social equity and justice, and corporate governance," said 3M chairman and CEO Mike Roman.
Floating Offshore Wind
Iberdrola Plans Floating Offshore Wind Farm in Spain
Iberdrola is planning an industrial scale floating offshore wind farm in Spain, to which it will allocate more than €1 billion of investment to commission 300 …
Offshore Wind Power
California State Bill Eyes 10GW Offshore by 2040
Proposal by assembly member David Chiu would set an interim goal of 3GW by 2030
Nuclear Power Plant
Akkuyu Fully Operational by 2026, Says Project CEO
Rosatom has a 99.2% stake in the project, the cost of which it estimates will be USD20 billion.
Wind Power Project
South Korea Unveils $43 Billion Plan for World's Largest Offshore Wind Farm
South Korea unveiled a 48.5 trillion won plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly re…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Oil Price
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret…
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