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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…

Electricity Transmission

Pakistan Inaugurates 113 kilometre Electricity Transmission Lines

Pakistan and Islamic Development Bank on Wednesday inaugurated 113 kilometre power transmission lines on its border along Afghanistan as the country aims to com…

General Electric Upbeat on 2021 after Profitable 2020

In the fourth quarter, GE reported $2.4 billion in profits, more than four times the level in the year-ago period, reflecting the benefits of cost-cutting initi…

Oil Field

Video: Tarim Oilfield Supplies over 270 bln Cubic Meters Gas to East China

Tarim Oilfield in Xinjiang, NW China, has supplied over 270 billion cubic meters of natural gas to 15 provinces and regions via the country's West-to-East gas p…

Energy Investment

China's CEIC, China Reform set up $1.55 bln New Energy Fund

Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…

Oil Pipeline

Biden May Cancel Keystone XL Pipeline Permit As Soon As His First Day in Office -Source

U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps …

Solar Power Plant

Engie, Neoen Building Subsidy-Free 1GW Solar Project with Storage, Electrolyser in France

Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion in a large-scale solar-plus-storage project in south eastern France, whic…

Natural Gas

Gas Demand Surging Toward Record

Forecasts agree this year may see 6-8% rise to reach around 360 billion cubic meters of fuel.