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Bill
Oil Shale
U.S. Shale Producers Devon Energy , WPX Energy in Merger Talks
U.S. shale producer Devon Energy Corp is in talks to acquire rival WPX Energy Inc in an all-stock transaction that would create a combined company worth around…
Hydropower Plant
Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project
The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.
EV Market
Electric Vehicle Charging Network ChargePoint to Go Public at $2.4 Billion Valuation
ChargePoint Inc, one of the world's oldest and largest electric vehicle charging networks, said on Thursday it will go public by merging with Switchback Energy …
Electric Vehicle Battery
Tesla's Value Drops $50 Billion as Musk's Promised Cheaper Battery 3 Years Away
Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000…
LNG
Russia's Arctic LNG Project Receives US$9.5 Billion in Financing
International lending institutions have arranged approximately US$9.5 billion in financial support for Russia’s Arctic Liquefied Gas project.
Energy Transition
SOUTH AFRICA: The Government has its Plan to Fight Climate Change
Meeting in the Council of Ministers recently, the South African government passed three bills as part of a plan to combat climate change.
LNG
Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord S…
Nuclear Power Plant
Hitachi Exits $26bn Nuclear Power Plant Project in UK
Japanese technology company Hitachi has announced the end of plans for a multi-billion-pound nuclear power plant project in Wales, UK.
Coal Mine
Coal India Plans to Restore Production from Discontinued Underground Mines, Identifies 12 blocks
The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion tonnes in the next four years.
Offshore Wind Power
Oil Major BP Makes First Ever Move In Offshore Wind Energy
BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion.
Energy-Eficient Building
SENEGAL: Akon City, the Green City Project is Launched at a Cost of $6 billion
The Senegalese-American RnB singer Akon has just announced the laying of the foundation stone for the construction of the green and futuristic Akon City in west…
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Hydropower Plant
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries…
Solar Power Plant
Niger’s Gorou Banda Solar Plant to Begin Construction
Construction of Gorou Banda Solar power plant Niamey is set to begin two years after inauguration, thanks to the move by the Council of Ministers of Niger to ad…
Energy Storage Technology
Bill Gates Nuclear Storage Venture to Help Wind and Solar
A venture backed by Bill Gates has unveiled small-scale nuclear power-plus-storage technology designed to work alongside wind and solar to provide continuous ze…
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