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Oil & Gas Trade
Berkshire Hathaway Strikes $10bn Deal with Dominion Energy for Natural Gas Assets
It announced the cancellation of a multi-billion-dollar natural gas pipeline joint venture with Duke Energy.
EV Market
UN Report Highlights Urgent Need to Tackle Impact of EV Battery production boom
The market for rechargeable car batteries, currently estimated at $7 billion, is forecast to rise to $58 billion by 2024.
Oil & Gas Trade
Warren Buffett's Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal
Warren Buffett's Berkshire Hathaway is finally pulling the trigger.
Coal Company
Coal India Exploration Arm adds 7.8 Billion Tonnes to Proven Coal Reserves
Coal India’s exploration arm has added 7.8 billion tonnes of coal to India's proven reserves base in 2019-20, the largest addition in a year so far.
Market Analysis
Global Offshore Wind Market to Hit 23GW Capacity by 2026
The global market for offshore wind energy is expected to expand in value from $24 billion in 2019 to $75 billion in 2026.
NTPC's Profits Dropped to $1.34b in FY 2020
Generation declined to 290.19 billion units compared to last year.
Oil Price
Oil Major Shell to Write Down up to $22 Billion of Assets in Second Quarter
It said it would take aggregate post-tax impairment charges in the range of $15 billion to $22 billion in the second quarter.
Coal Trade
IndexBox: Asia Pacific Coal Market Rises for Third Consecutive Year
In 2019, the Asia Pacific coal market increased by 6.1% to US$751.8 billion, rising for the third consecutive year after four years of decline.
LNG
Poland Signs Deals to Expand Świnoujście LNG Terminal
Poland is to invest PLN 1.9 billion in the expansion of its Świnoujście liquefied natural gas terminal.
Oil & Gas Trade
Saudi Oil Exports Down by $12 Billion Year on Year in April
The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.
Oil Pipeline
UAE Oil Major Signs A $20 Billion Gas Deal
UAE’s ADNOC today announced a $20.7-billion deal with six international companies for the acquisition of a minority stake in Adnoc Gas Pipeline Assets.
China State Grid to Invest 24.7 bln Yuan in New Infrastructure this Year
The State Grid Corporation of China announced Monday it will invest 24.7 billion yuan in new infrastructure across the country this year.
Market Analysis
EIA: US Coal Consumption Continues to Decline Across All Sectors
US coal consumption has been declining since its peak in 2007 of 1.1 billion short.
Indonesia State Power Company PLN Reports $2.8 bln Q1 Loss
Indonesia’s state electricity company Perusahaan Listrik Negara (PLN) reported on Monday in its quarterly financial statement a 38.88 trillion rupiah ($2.77 bi…
Solar Power Plant
India Awards USD 6 Billion Solar Power Contract to Adani Green Energy
India's state renewable energy agency SECI has awarded a USD 6 billion contract to domestic renewables company Adani Green Energy Limited.
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