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Battery

LG Energy Solution Announces ESS Revenue Growth, New Products

LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…

United States

NextEra Plans To Raise $1.5 Billion To Fund Energy Projects

Utility firm NextEra Energy (NEE.N), said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.Utility firms across …

Oil&Gas Drilling

UK Likely To Unlock £10 Billion Worth Of North Sea Oil & Gas With Encouraging Fiscal Regime, Woodmac Finds

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an …

LNG

Exclusive: Blackstone In Talks To Buy US Pipeline Stakes From EQT For $3.5 Billion, Sources Say

Private equity firm Blackstone (BX.N), is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp (EQT.N), for ab…

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…