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Oil Price
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…
Offshore Wind Power
Cost Of North Sea Energy Island Could Reach 7 Billion Euros, Far Exceeding Initial Estimates
The cost of the Princess Elisabeth energy island in the North Sea could soar to 7 billion euros, significantly higher than the initial estimate of 2.2 billion e…
Hydrogen Project
Germany Approves $20.5 Billion Hydrogen Push
Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion.The plan w…
Oil & Gas Trade
Top U.S. LNG Exports: China's Gas Demand Is Booming
Chinese demand for natural gas is set to jump by more than 50% by 2040, from 400 billion cubic meters (bcm) now to more than 600 bcm, according to an executive …
Wind Farm
Cathay Financial To Invest Nt$27.32 Billion In Taiwan Wind Farm Development
Cathay Financial Holdings said on Tuesday (Oct. 22) it will invest NT$27.32 billion (US$900 million) in a wind farm project off Changhua County.Taiwan’s g…
Hydrogen Production
Spain’s Enagas Cuts Debt as It Prepares for Hydrogen Investments
Spanish gas grid operator Enagas (ENAG.MC), said on Tuesday its net debt was on track to reach its lowest since 2008 as it prepared to invest billions of euros …
Coal Trade
Australian Mining Services Provider NRW Boosts Order Book With $1.1 Bln Coal Contract
Golding Contractors, a unit of Australia's NRW Holdings (NWH.AX), will provide mining services at resources firm Stanmore SMC's South Walker Creek (SWC) mine in…
Ammonia
ADNOC Takes Over Fertiglobe With $3.6b Stake Acquisition From OCI
Abu Dhabi National Oil Co. (ADNOC) is consolidating its ammonia operations after completing the takeover of its joint venture Fertiglobe PLC, a global fertilize…
Germany
Sungrow Plans Listing on Frankfurt Stock Exchange
Sungrow has said that its board has approved a proposal to issue global depository receipts (GDR) and list them on the Frankfurt Stock Exchange. The company sai…
Distributed energy
Masdar and Presight to Launch AI Global Asset Management Tool
UAE-based Masdar has teamed up with Presight to create an AI-based asset management tool to manage its renewable energy projects globally.The partnership aims t…
Biofuel
US Offers Conditional Loan Guarantees Worth About $3 BLN for Two Sustainable Aviation Fuel Projects
The U.S. Department of Energy said on Wednesday it has approved conditional loan guarantee commitments totaling nearly $3 billion for two sustainable aviation f…
Battery
Nevada Is Getting the World’s First Lithium-Sulfur Battery Gigafactory
Supermaterials trailblazer Lyten will invest over $1 billion to build the world’s first lithium-sulfur battery gigafactory in Reno, Nevada.The new factory…
Germany
Germany Earmarks $3 Billion for Decarbonisation Subsidies
Germany's Economy and Climate Minister Robert Habeck holds a press conference about the autumn economic projectionThe German government has earmarked up to …
LNG
Russia Seeks Over $1 Billion in Damages From Shell, Report Says
The Russian General Prosecutor's office was seeking to collect more than 1 billion euro ($1.09 billion) in damages from international energy major Shell (SH…
China
CNOOC Sees Record Oil and Gas Output From Independent Field
China National Offshore Oil Corporation (CNOOC) has revealed a record cumulative production of nine billion cubic metres (bcm) of natural gas and more than 900,…
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