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Oil & Gas Trade
In August, Traders From the EU and Moldova Pumped 1.1 Billion Cubic Meters of Gas Into Ukraine's Storage.
Compared to July, the volume has almost doubled, and compared to August of last year, has increased by 800%. According to the Operator of the GTS of Ukraine, Sl…
Renewable Energy
Italy's Eni Plans to Invest $7.7 Billion in Egypt
Italian energy giant Eni plans to invest some $7.7 billion in Egypt within the next four years, according to Egyptian Presidential spokesman Ahmad Fahmi.This ca…
Oil & Gas Supply
Saudi Arabia's Aramco Considers Selling (Listing) Us$50 Billion in Shares
The Wall Street Journal reported that Saudi Arabia’s Aramco, the world’s most valuable oil company, appears to be considering selling a stake of as …
Electric Vehicles
Biden's $12 Billion Answer to Converting the Trillion Dollar Auto Industry
The Biden administration is offering $12 billion in grants and loans to automakers and suppliers to retrofit their plants to manufacture electric vehicles.Vehic…
Geothermal Power Project
Enel Plans EUR 3 Billion Investment for Geothermal in Italy
Chiusdino geothermal plant, Tuscany/ Italy (source: Enel Green Power)Enel Green Power (Enel) has announced an investment plant of EUR 3 billion for the geotherm…
Electric Vehicle Battery
Hyundai and LG Energy Solution up US Investment for Battery JV
Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant i…
Hydrogen Technology
Could Nuclear Hydrogen Be a Game Changer Worth Trillions?
New technology is making carbon emission-free pink H2 possible at a very large scale.The US Department of Energy (DOE) is placing a major focus on nuclear hydro…
Offshore Wind Power
Orsted Shares Fall 20% As It Faces $2.3 Billion Risk
Danish energy company Orsted saw its share price fall 20% after the company announced it faces a $2.3 billion loss in value in its US operations due to supply c…
Offshore Wind Power
Ørsted Anticipates Impairments of up to Eur 2.15 Billion on US Portfolio
The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse…
Coal Production
Poland Keeps Coal Exit Target as Top Utility Seeks Quicker Carbon Neutrality
Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, in Zlobnica, Poland October 20, 2022. REUTE…
Renewable Energy
Malaysia Unveils RM2 Billion Fund to Propel Shift to Renewable Energy
Malaysian Prime Minister Datuk Seri Anwar Ibrahim recently emphasised that the country’s progress will heavily rely on alternative energy sources and stro…
Renewable Energy
Southeast Asia's $100 Billion Opportunity for Green Mobility, Clean Power
In Southeast Asia, including Vietnam, low-carbon mobility and clean power have the potential to contribute $90 billion to $100 billion in revenues by 2030.Accor…
Electric Vehicles
Tesla Supercharger Network to Become $10 to $20 Billion a Year Business, Says Wedbush
A Wedbush analyst is estimating that Tesla’s Supercharger network will become a $10 to $20 billion a year business by the end of the decade.When Tesla fir…
Hydropower Plant
Sabah to Build RM4B Hydroelectric Dam in Ulu Padas, Tenom to Resolve Water Woes
Pix credit: Hajiji Haji Noor FBPAPAR: The Sabah government will build a RM4 billion hydroelectric dam in Ulu Padas, Tenom as a long-term solution to the water w…
Energy Storage Project
SK on to Invest up to KRW 1.5t (Us$1.1b) In Battery Manufacturing Expansion in Seosan City
SK On will make a KRW 1.5-trillion (US$1.1-billion) investment in its domestic battery production base in Seosan, South Korea, paving the way for the completion…
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