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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 …

Nuclear Power Plant (NPP)

Canadian AP1000 Deployment Could Bring Billions in Economic Benefits, Study Finds

The deployment of four AP1000 units in Ontario could have an impact of more than CAD28.7 billion (USD21.2 billion) on Canada's GDP during the manufacturing,…

Hydrogen Project

Egypt Signs 7 Green Hydrogen MoUs Worth a Potential $40 Billion

Egypt has signed seven memoranda of understanding with international developers in the fields of green hydrogen and renewable energy in the Suez Canal Economic …

LNG

BP Plans to Invest $1.5 Billion in Egypt Gas Projects

Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo Purchase Licensing Rights…

Coal Production

Australia's SOUTH32 to Quit Coal in $1.65 Bln Sale

Australia's South32 Ltd (S32.AX), opens new tab on Thursday said it had agreed to sell its Illawarra metallurgical coal business to a consortium led by an I…

Renewable Energy

Engie raises $1 billion in tax equity financing for US renewables

The logo of Engie is seen during the company's annual general shareholders meeting in Paris, France, April 26, 2023. REUTERS/Sarah Meyssonnier/File Photo Pu…

PowerGrid Technology

Sempra Boosts Capex by 20% as California, Texas Drive Power Demand

U.S. electric utility Sempra (SRE.N), opens new tab on Tuesday raised its five-year capital expenditures plan by 20% to $48 billion, as power demand growth in T…

Oil & Gas Trade

Hess Says Pre-emption Provision Does Not Apply to Buyout Deal with Chevron

Hess logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing RightsHess (HES.N), opens n…

Oil&Gas Drilling

Saudi Arabia Announces Major Gas Discovery at Jufurah Field

Saudi Arabia announced a major gas discovery on Sunday at the state oil company Aramco's Jufurah field.Energy Minister Prince Abdulaziz bin Salman said an a…