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Oil & Gas Trade

Blackstone, Eqt Form $3.5 Billion Gas Pipeline Venture

Funds managed by Blackstone Inc. agreed to invest $3.5 billion to create a joint venture with EQT Corp., enabling the U.S. natural gas producer to reduce its de…

Coal Trade

US Coal Miner Peabody Targets World Steel Market With Anglo Deal

With US demand for coal waning, Peabody Energy Corp. has struck a deal to shift its focus on targeting growth in the global steel market.Peabody, the biggest US…

Offshore Wind Power

£2 Billion Awarded for Superhighway to Transport Wind Energy

A £2 billion funding package has been awarded to build a proposed new subsea and underground 196km cable between Scotland and the north of England which w…

Solar project

Future Multi-Billion Dollar Transmission Upgrades to Boost Queenslands Grid-Scale Solar

An Oxford Economics Australia report has found electricity construction activity has been at a record high of $19.2 billion over FY24, and with an expected inve…

Energy Investment

$111 Billion Investment on Petrobras’ Five-Year Agenda

Brazil’s state-owned oil and gas giant Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050…

Hydrogen Project

The Hydrogen Stream: US Government Offers $2.2 Billion for H2 Hubs

The US Department of Energy has revealed plans to allocate up to $1.2 billion for a hydrogen hub in Texas and the Gulf Coast and up to $1 billion for a similar …

Nuclear Power Plant (NPP)

Centrus Fo Restart Centrifuge Manufacturing, Expand Capacity

Such a large-scale expansion would require a multi-billion dollar public and private investment, the company said. It has recently secured more than USD2 billio…

Natural Gas

PAG Said to Sell AirPower’s Gas Business for $6.8 Billion

PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of AirPower Technologies Ltd. to a Chinese consortium …

Indonesia

BP and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua

The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File PhotoBP (BP.L), opens new tab and partne…

Crude Oil

Petrobras Announces $3.4 Billion in Extraordinary Dividends

Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will contin…

Hydrogen Storage

‘Hydrogen Storage Could Cut UK Energy Costs by £1BN Annually’

According to a new report, large scale hydrogen storage - particularly through the redevelopment of facilities could save UK consumers up to £1 billion pe…

Solar project

DMEGC Solar Energizes 940 MW Solar-Fishery Project

DMEGC Solar has completed a 940 MW solar array in Jiangsu, eastern China.The RMB 5.43 billion ($749.8 million) project, invested and constructed by DMEGC's …

Nuclear Reactor

USA And UK Sign New Gen Iv Nuclear Collaboration Agreement

UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed the agreement at COP29in Baku, Azerbaijan. The UK said the aim was to "suppo…

Energy Investment

Ofgem Proposes £8BN Fund to Accelerate Clean Energy Projects

Ofgem is consulting on a new investment fund worth up to £8 billion to help Britain’s energy transmission owners speed up clean energy projects and …

Crude Oil

Exxon Withdraws From Offshore Suriname Oil-Exploration Block

Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese wa…