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Oil & Gas Trade

Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit

General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo/File Photo Purchase Li…

Energy Storage Project

Developer Natpower Claims 60GWH UK BESS Plans

The UK already has around 4GW of BESS online, including this recently-commissioned 50MW/100MWh BESS project in Birmingham, UK. Image: EDF Renewables.Developer N…

Hydropower Plant

884MW Suki Kinari Hydropower Project to Start Power Generation by November

Suki Kinari hydropower project (884-megawatt), a China Pakistan Eco­nomic Corridor (CPEC) portfolio proj­ect, which will be completed at the cost of $2 …

Green Hydrogen

India's $2.1bn Push for Local Electrolyser Manufacturing and Green Hydrogen Production Sees Strong Interest From Large Companies

India’s US$2.1 billion push to transform it into a global green hydrogen powerhouse has received a strong response from large strategic investors in the c…

Renewable Energy

Britain Announces 1 Billion Pound Auction for Renewable Power Projects

A general view of a wind turbine and solar panels at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Wa…

Electric Vehicles

Stellantis to Invest $6 Billion in Brazil by 2030

Stellantis logo is seen on the company's headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensing…

Natural Gas

Exclusive: Mexico's Pemex, Carlos Slim Team Met to Discuss Deepwater Gas Project, Sources Say

Mexican billionaire Carlos Slim hosts a press conference, in Mexico City, Mexico, February 12, 2024. REUTERS/Henry Romero/ File Photo Purchase Licensing RightsM…

Oil & Gas Trade

Democratic Republic of the Congo (DRC) Seeks to Unlock Estimated 5 Billion Barrels of Oil

With 180 million barrels of proven oil reserves – and up to 5 billion of estimated oil reserves – the Democratic Republic of the Congo (DRC) is emba…

Energy Storage Project

Sosteneo to Buy 49% of Enel's Battery Business

Italy’s biggest utility Enel has agreed to sell a 49% stake of its energy storage business to Generali Investments' Sosteneo for around EUR 1.1 billio…

Gas Pipeline

India Sees $4.95 Bln Investment for Natural Gas Network in Kashmir, Northeast

India expects investment of about 410 billion rupees ($4.95 billion) from companies to build natural gas pipeline infrastructure in its northeastern states and …

Oil & Gas Trade

US Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill

Oil tankers stand attached to mooring stations near a refinery in Bayonne, New Jersey August 24, 2011. REUTERS/Lucas Jackson/ File Photo Purchase Licensing Righ…

Oil&Gas Drilling

ADX Ramps up European Gas Pursuit at Welchau Well

ADX Energy’s hunt for 807 billion cubic feet (Bcf) of European gas is continuing to gather steam, with the drilling of its Welchau-1 exploration well in A…

LNG

Philippines' Top Energy Firms Partner for $3.3 Bln LNG Facility

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on…

Oil & Gas Trade

Iran to Reach 1.3 Bcm of Gas Output a Day in Five Years, Minister Says

Iran's gas output will reach 1.3 billion cubic metres (bcm) per day in five years, Iran's Oil Minister Javad Owji said on Sunday according to the semi-o…

Hydrogen Production

UK to Invest $26.5B in Hydrogen Projects

The United Kingdom (UK) government is boosting seven low carbon hydrogen projects with over $26.52 billion (GBP 21 million) in investment, in a bid to become a …