Bill

Energy Subsidies

Dutch Govt Grants $2.4 billion in Subsidies to Huge Carbon Storage Project

Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide and Air Products

Hydropower Plant

Hydropower Can Help States Afford to Meet Net-Zero Emissions Targets by 2050

The Commonwealth of Massachusetts recently passed a climate bill that sets a target of net-zero emissions for the state by the year 2050.

Oil Refinery

Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent

Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…

Russian Federation

Gazprom Says Net Profits Slumped in 2020 Amid Pandemic

The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.

Natural Gas

PetroChina Posts Best Quarterly Profit in Seven Years

PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange

Gas power plant

Millennium Proposes $15 B LNG-to-Power Project in Vietnam

Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province.

Natural Gas

Israeli Energy Giant Plans $1.1 billion Gas Deal with UAE Company

The $1.1 billion deal would be the biggest between the countries since they normalised ties.

Distributed Generation

Major Milestones for Distributed Energy Resources Roadmap

Energy Minister Bill Johnston today released a report showing the major milestones achieved a year into WA's implementation of the DER Roadmap.

Nuclear Power Plant

Electric Bill Fee to Subsidize Nuclear Plants Renewed into 2025

Ratepayers will continue to pay an extra fee on their electric bills for an additional three years to keep three Salem County nuclear plants open, after a unani…

United States

New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms

Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for …

Oil Price

Qatar Petroleum Plans Debut Dollar Public Bond Sale

The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of…

Geothermal Power Plant

Uhuru Flaunts Multi-Billion Green Projects in Biden Meeting

President Uhuru Kenyatta on Friday, April 23, showcased a number of green projects undertaken under his administration during a virtual meeting

Carbon Emissions

UAE on Track to Reach 14GW Clean Power Capacity by 2030 : Climate Minister

The United Arab Emirates has invested over $40 billion in domestic clean energy projects, the minister of climate change and environment told Sputnik, adding th…

Electric Car

GM and LG Energy Plan a $2.3 billion Electric Vehicle Battery Plant

The automaker’s future Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400V battery packs and up to 200 kW fast charging capab…

Electric Car

Flexible Charging Cuts Electricity Bills and Creates Grid Stability

Steered charging of electric vehicles can provide the electricity grid with much needed flexibility.