Bill

Carbon Neutrality

Gov’t Pledges $88.6 Million to Drive Carbon Neutrality and Energy Stability

The logo of the Ministry of Trade, Industry and EnergyThe government will spend 129.3 billion won ($88.6 million) this year to support projects aimed at develop…

LNG

Hapag-Lloyd Unveils $4B Green Financing for 24 LNG Dual-Fuel Boxships

German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the compan…

Oil & Gas Trade

Encino’s Owner Mulls $7 Billion Sale, IPO of Energy Producer

Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019.Canadian pension fund CPP Investments is weighing strategic options, including a sale or…

Oil and Gas Equipment

NEITI: Nigeria Needs $20 Billion Annually to Boost Gas Infrastructure

The Nigeria Extractive Industries Transparency Initiative (NEITI), said yesterday that Nigeria would need to inject $20 billion annually into its gas infrastruc…

Methane

Samsung E&a Secures $1.7 Billion Deal to Build UAE’s First Methanol Plant

UAE-based chemicals and transition fuels hub TA’ZIZ has taken the next step towards the construction of one of the world’s largest methanol plants b…

Crude Oil

Canada’s Stalled $12-Billion Oil Project Takes Step Forward With New FPSO Awards

Illustration of FPSO for Bay du Nord oil projectNorwegian state-owned energy giant Equinor has started the ball rolling to develop its controversial Bay du Nord…

Power Construction

Blackstone to Buy $1 Billion Virginia Power Plant Near Data Centers

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023.The unit of Blackstone (BX.N), dedicated to investments in th…

LNG

Venture Global LNG Raises $1.75 Bln After Pricing US IPO

Model of LNG tanker is seen in this illustration taken May 19, 2022.Venture Global LNG (VG.N), opens new tab has raised $1.75 billion after pricing its U.S. ini…

LNG

HD KSOE Bags $2.6B Contract for 12 LNG Ships From Europe

HD Korea Shipbuilding & Offshore Engineering's liquefied natural gas container shipHD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Thursday it h…

Crude Oil

Ecuador Eyes $42 Bln in Oil Sector Investments Through 2029

An infrastructure of Ecuador's state-run oil company Petroecuador is pictured outside of Nueva Loja, Ecuador May 3, 2022.Ecuador expects foreign oil compani…

Oil Refinery

Sri Lanka, China Agree to Fast-Track Sinopec’s $3.7 Billion Refinery in Hambantota

Sri Lankan President Anura Kumara Dissanayake with Chinese President Xi JinpingSri Lanka's foreign minister said on Wednesday that the island nation has sig…

Offshore Wind Power

ØRsted Books Eur 1.6 Billion Impairment From Increased Costs, Sunrise Wind Delays in US

Ørsted has reported impairment losses of DKK 12.1 billion (approximately EUR 1.62 billion) for the fourth quarter of 2024, citing rising costs for its of…

Hydropower Plant

ADNOC Gas, EWEC Form New Partnership Underpinned by 10-Year, $10 Billion Natural Gas SPA

ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. …

Oil & Gas Trade

ADNOC’s Logistics Arm Transfers Tankers to Navig8, Will Cut Some Staff After Takeover

General view of the ADNOC headquarters is seen in Abu Dhabi, United Arab Emirates, December 23, 2018.Abu Dhabi National Oil Company's logistics arm has tran…

Oil Field

Iraq Declares Discovery of Huge Oil Field

The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil fieldMohammed Yassin Hassan, director general of…