Bill

Coal-Fired Power Plants

States are Banning Coal. Will it Change the Electricity Mix?

Following in the footsteps of several other states with clean energy goals, Hawaii lawmakers passed a bill this month banning utilities from using coal in a bid…

Oil & Gas Trade

Chevron CEO Michael Wirth on Why Noble Energy Deal is Good for Shareholders

Chevron will buy Noble Energy in a $5 billion stock-swap deal, valuing Noble at 7.6 percent above its Friday close.

Chevron to Buy Noble Energy in Deal Valued at $5 billion

Oil major Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction…

Iran

Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field

Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.

Mozambique

Total Secures $14.9 bn to Finance Mozambique Gas Project

French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.

Oil & Gas Trade

U.S. LNG Exports Will Fall to 25%

The average US LNG export volume in June was 3.6 billion cubic feet per day, and the average export volume in July.

G20 Governments Firmly Behind Fossil Fuels with $151 Billion in COVID-19 Recovery Policies

A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies.

Hydropower Plant

Hydro Generation Surges to Historic Level for WAPDA

In the fiscal year 2019-2020 it generated its highest ever amount of hydropower, providing 37.4 billion units to the National Grid.

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.