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Saudi Arabia
Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…
LNG
Inpex Hit by $1.3 bln Australian LNG Assets Impairment
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.
Coal Mine
Peabody Energy Writes Down Value of World's Largest Coal Mine by $1.42 billion
Coal giant Peabody Energy is writing down the value of its huge North Antelope Rochelle Mine in Wyoming by $1.42 billion.
Hydropower Plant
Tanzania is Constructing Africa's LARGEST Hydro-Power Dam on River Rufiji
Tanzania is building the $3.6 billion Julius Nyerere Hydropower Station.
Oil Pipeline
Equitrans Confirms Early 2021 Startup for Mountain Valley Natural Gas Pipeline
U.S. pipeline company Equitrans Midstream Corp said on Tuesday it still expects to complete the $5.4 billion Mountain Valley natural gas pipeline from West Virg…
United Kingdom
BP To Cut Oil Production 40% By 2030, And Invest Billions Into Green Energy
In some refreshingly good news for the environment, news coming out of London, BP has announced that it is planning to cut oil and gas production by 40% and inv…
Providing Auction for Renting and Operating Advertising Billboards
Tender are Invited for Providing Auction for Renting and Operating Advertising Billboards
Investment Guide
China's Investment Cooperation with Countries Along the "Belt and Road" in the First Half of 2020
Chinese companies invested RMB 57.1 billion in non-financial direct investment in 54 countries along the “Belt and Road”.
United States
Chevron Posts Massive $8.3 Billion Loss
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Electricity Transmission
Brazil's State-Owned Eletrobras to Invest $1 Billion a year Through 2035
Brazilian state-owned power company Eletrobras plans to invest 6 billion reais per year until 2035 expanding its power generation and transmission.
Energy Technology
German Oil Refinery to Build 30 MW Hydrogen Electrolysis Plant
Germany agreed a national hydrogen strategy to help decarbonise the economy, including providing 9 billion euros to help promote new projects.
Solar Power Plant
Australia Fast-Tracks $16 Billion Solar Power Export Project
Australia decided this week to fast track approvals for a A$22 billion project to supply solar power to Singapore via the world's longest subsea high voltage ca…
Oil Field
CNPC in Talks to Buy $1.5-Billion Stake in BP’s Oman Gas Field
Chinese state-held giant China National Petroleum Corporation is in advanced talks to buy a 10-percent stake in a giant natural gas field in Oman from BP in a d…
United States
Total Takes US$7-Billion Hit on Exposure to Canada's Oil Sands
Total SE announced an US$8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the viability o…
Energy Investment
Tokyo Gas to Spend $657 mln in U.S. Shale, Solar Assets
Tokyo Gas will also pay up to 49 billion yen to purchase the 630 megawatts Aktina solar power project in Texas from Hecate Energy, a U.S. renewable energy devel…
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