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Energy Technology
Green Hydrogen Project to Use Topsoe Ammonia Technology
A US$5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe's proven ammonia technology.
China Energy
China Sinochem's Quanzhou Petchem Project Start Delayed to Late-August
China Sinochem Group's Quanzhou 32.5 billion yuan ($4.64 billion) petrochemical expansion project is aiming to start trial operations in late August.
Market Analysis
Global Corporate Funding for Solar Energy Declines by 25%
Investments in solar energy projects by corporates reached $4,5 billion during the first half of 2020.
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.
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