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Oil & Gas Trade

Chevron's Mega Oil Deal More Expensive Than Exxon's

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsExxon Mobil'…

Offshore Wind Power

Avangrid, CIP Secure USD 1.2 Billion in Capital for Vineyard Wind 1

Denmark-based Copenhagen Infrastructure Partners (CIP) and Avangrid have secured a USD 1.2 billion first-of-its-kind tax equity package for the 800 MW Vineyard …

Thermal Coal

Germany's €2.6 Billion Sale of Steag May Delay Company's Coal Phase-Out

The announced sale of STEAG to a private equity investor puts the German state-owned power utility at risk of reneging on its new sustainability commitments and…

Electric Vehicle Battery

Hyundai Announces 99.9% Of Foundation Work Is Complete at Its First Us EV and Battery Plant

On the one-year anniversary of breaking ground on its first EV assembly and battery plant in the US, Hyundai announced significant progress at the site.Hyundai …

Power Construction

World Bank Approves $1 Bln Loan to Help South Africa Tackle Power Crisis

The World Bank said on Wednesday that its board had approved a $1 billion loan to help South Africa reform its energy sector, as the country tries to overcome r…

Crude Oil

China to Cap Crude Oil Processing Capacity at 1 Bln Tons by 2025

China will cap its crude oil primary processing capacity at 1 billion metric tons by 2025 in an effort to streamline its vast refinery sector, the country's…

Hydropower Plant

WAPDA Says Hydropower Generation Increased in Fy 2023-24, Saving National Exchequer Billions

Pakistan witnessed a promising surge in hydroelectricity generation during the fiscal year 2023-24. The Water and Power Development Authority (WAPDA) reported t…

SMR

SMRs Would Provide Economic Boost to Ontario, Says Report

The construction and operation of four small modular reactors (SMRs) by Ontario Power Generation at its Darlington site will contribute about CAD15.3 billion (U…

Hydrogen Production

Feds Designate California as a Hydrogen 'Hub'

California is one of seven hydrogen hubs nationwide that the U.S. Department of Energy says will be a key part of the country’s clean-energy future.State …

Carbon Capture

Algeria's State Oil and Gas Firm Sonatrach Plans $1 Billion Project for Natural Carbon Storage - Ennahar

A view of the headquarters of the state energy company Sonatrach in Algiers, Algeria November 25, 2019. Picture taken November 25, 2019. REUTERS/Ramzi Boudina/F…

Photovoltaic （PV）

Italy's Vexuvo to Invest 1.5 Billion Euros in Photovoltaic Sector

(This Oct. 5 story has been corrected to say that vexuvo investments are in the photovoltaic sector, not in solar panel sites, in the headline and paragraph 1)I…

Oil & Gas Trade

Chevron to Buy Hess Corp for $53 Billion in All-Stock Deal

Chevron (CVX.N) has agreed to buy Hess (HES.N) for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's (XOM.N) massi…

LNG

Eni Signs Long Term LNG Agreement for Deliveries From North Field East Expansion Project in Qatar

Eni has signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project i…

Oil Field

China Discovers Its First 110-Billion-M³ Deep Coalbed Methane Field

A view of the Shenfu deep CBM field in Yulin City, northwest China's Shaanxi Province. /CMGChinese offshore operator China National Offshore Oil Corp (CNOOC…

Hydrogen Project

The Pacific Northwest Scored $1B to Create a Clean Hydrogen Hub. Now What?

Oregon and Washington scored big Friday in a fiercely contested national competition to grab a share of $7 billion to kickstart the production and use of green …