Business

Energy Transition

Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables

Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…

Electric Car

Why Ford’s Big EV Split Decision May Get Even Bigger in the Future

Ford’s move says the EV business, while promising, isn’t ready for independence, and some on Wall Street agree.

Rooftop PV System

Italy Speeds up Permits for Solar up to 200kW, Allocates €267 Million for Rebates

The Italian authorities have introduced new provisions in the DL Energia decree to reduce energy bills for households and businesses.

Floating Offshore Wind

Ocean Winds, Aker Offshore Wind Secure 1.2 GW Floating Capacity in South Korea

Korea Floating Wind (KF Wind), a joint venture between Ocean Winds and Aker Offshore Wind, has secured an Electric Business License from South Korea’s Ministry…

Coal Price

Coal Prices Spike as Russia-Ukraine Crisis Escalates

The Russia-Ukraine crisis has shocked the coal and the broader energy markets, with spikes in Newcastle prices observed in recent days, says Wood Mackenzie, a V…

Solar Power Panel

Solar PPA Business on the Rise in Japan

Sumitomo, Sunseap and Shikoku Electric are partnering to offer bilateral PPAs to big power consumers in Japan. The consortium will operate through a dedicated j…

Electric Car

Ford Announces New Plans to Strengthen Operation and Scale EVs

Ford is continuing to transform its global business by accelerating the development and scaling of breakthrough electric connected vehicles.

Crude Oil

Russia’s Oil Exports Are Plunging Even Without Sanctions

While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are …

Crude Oil

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources

Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…

Electric Car

Ford Set to Announce Plans to Run EV, ICE as Separate Businesses

Ford Motor Co on Wednesday will announce a reorganization under which its electric vehicle (EV) and internal-combustion engine (ICE) units will be run as separa…

Nord Stream 2

Shell Cuts Business Ties with Gazprom, Abandons Nord Stream 2

Shell has announced its intention to exit its joint ventures with Gazprom and related entities to cut its ties with Russia over the war with Ukraine.

Rooftop PV System

Mytilineos Completes South Korean Solar Project Construction

Mytilineos reaffirms its strategy of expanding its solar activity in markets around the world, announcing the completion of the construction of a 1.55 MW solar …

Wind Farm

Shell Buys into Australian Wind Farm Developer with $4 bln Project Portfolio

Global oil and gas major Shell Plc has agreed to buy a 49% stake in wind farm developer WestWind Energy's Australian arm as it looks to build a low-carbon power…

Energy Storage System

Subsea 7 and FLASC Awarded Grant for Offshore Energy Storage Project

Subsea 7 and technology partner FLASC B.V., have been awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for …

Nord Stream 2

Biden Unveils Sanctions on Russian Businesses After 'Premeditated' Ukraine Attack

President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia's ability to do business in major …