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Crude Oil
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive…
Combined cycle power plant
Study Finds CHP a Key Enabler of Europe’s Energy Transition
A study published today finds that cogeneration is a primary enabler to achieve carbon neutrality in Europe and could save over €8 billion in energy system cos…
Oil & Gas Trade
China Launches Construction Of Huge $20 Billion Refinery Complex
China has launched the construction of a refinery and petrochemical complex worth US$20 billion in the Shandong province, the home of the independent Chinese re…
Oil Shale
Argentina to Subsidize Shale Gas Production With $5.1 Billion
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…
Spain
Iberdrola Buys US Utility in $8.3bn Deal
Spanish energy company Iberdrola is acquiring the primary electric utility in New Mexico in a deal valued at around $8.3 billion.
LNG
Japanese Sell out of Australian LNG Import Project
Australian billionaire Andrew Forrest has taken over full control of a A$250 million gas import terminal in New South Wales, buying out stakes held by Japan's J…
SMR
US Government Backs NuScale Projects at Home and Abroad
The US Department of Energy has approved a cost-share award of more than USD1 billion for the construction of the first NuScale small modular reactor power plan…
Oil&Gas Drilling
Turkish President Announces More Natural Gas Reserves in Black Sea
"Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters," he said after his inspections at the ship.
Hydropower Plant
Scatec Solar to Buy SN Power
Norwegian firm Scatec Solar has signed a US$1.166 billion deal to acquire hydropower developer SN Power from Norfund.
Hydropower Plant
Ethiopia’s Nile Dam that has Egypt ANGRY
Ethiopia is constructing a $4.8 billion dam along the Nile River that has Egypt angry.
Power Construction
Australia Labor’s Budget Response: $20 Billion to Rewire the Grid
The Federal Opposition has responded to the Federal Government’s 2020-21 Budget, outlining a plan to invest $20 billion in rewiring the electricity grid to all…
Australia
ARENA Gets $1.62bn Boost from the Australian Government to Cut Emissions
In Australia, the prime minister and the minister of energy and emissions reduction have announced $1.62 billion in funding for the Australian Renewable Energy …
Wind Farm
Statkraft Invests in Solar and Wind Power in Brazil
In the case of the wind farm in Bahia announced by Statkraft on Monday, the planned investments are 2.5 billion reais.
Oil Field
Equinor Plans $2 Billion Breidablikk Oilfield Development
Equinor and its partners in Norway's Breidablikk oil discovery have agreed on an 18.6 billion Norwegian crowns development plan for the North Sea field.
China
China's Renewable Energy Investment Exceeds US$100 Billion for Five Consecutive Years
The number of patents, investment, installed capacity and power generation in the field of renewable energy in China has ranked first in the world for many cons…
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