C

Dewa Appoints Companies to Consult on Hassyan Desalination Plant

Consulting companies on the 120m gallons per day plant include Deloitte, WSP and Addleshaw Goddard.

Net Zero Emission

Ottawa and Alberta Clash Over Who Must Pay to Lift Canada’s Carbon Capture Credits

Canada's federal government and the main oil producing province of Alberta are at odds over who should pay to bolster tax credits and scale up a crucial technol…

South Africa

South Africa’s Eskom to Implement ‘Stage 4’ Power Cuts From Sunday Noon

South Africa's Eskom will implement "Stage 4 power" cuts from noon on Sunday until early Monday morning.

Oil Price

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …

Oil Shale

Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output

U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…

Oil Refinery

Exxon Shares Surge to Record High on Strong Earnings Outlook

Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…

Carbon Emissions

Global Climate Disclosures to Cover Full Gamut of Carbon Emissions

Planned new global corporate sustainability disclosures will include the full range of carbon emissions, but with 'relief provisions' on measuring greenhouse g…

Energy Transition

S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources

South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…

Net Zero Emission

U.S. EPA Begins Work to Set up $27 Bln Green Bank

The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …

Carbon Emissions

Deutsche Bank Sets 2030 Targets to Cut Emissions Tied to Loans

Deutsche Bank on Friday said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of tar…

Electric Car

Vehicle Manufacturers to Double Spending on EVs, Batteries to $1.2 Trillion by 2030

Car makers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production.

Hydrogen Project

Germany Receives First Container of UAE Hydrogen-Based Ammonia Fuel

Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and German Vice Chancellor Robert Habeck attend ceremony in Hamburg

Brazil

Wind Power Will Quadruple in Brazil by the End of the Decade

The 13th edition of Brazil Windpower, the main congress and fair in Latin America on wind energy, promoted this morning the panel “Production chain and its inp…

Wind Farm

Ørsted Partners with ECP in the Company’s First-Ever Farm-down of Onshore Assets

Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio c…

Offshore Wind Power

Vena Energy to Develop 2,000MW Offshore Wind Project in Australia

The project will be located off the Victorian Coast in the Gippsland Basin.