Economy

United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Gas power plant
Siemens, BP and Prumo Transfer Brazil LNG Projects Stake to SPIC
SPIC Brasil has acquired a 33% stake in two LNG-to-power projects from Siemens, BP and Brazilian company Prumo.
Oil Field
Petrobras Inks Deals for Sale of Shallow-Water Fields
Brazilian oil and gas giant Petrobras is selling its whole interest in two shallow-water fields located in the Espírito Santo Basin offshore Brazil.
Power Construction
Sierra Leone Secures $50m Grant to Boost Access to Electricity
The World Bank board of executive directors has approved a $50 million grant from the International Development Association to improve access to electricity in …
Offshore Wind Power
Northland Power to Buy into 1,2GW Offshore Wind Farm Project in Poland
Northland Power has entered into an agreement with Poland’s PKN ORLEN to acquire a 49% interest in the Baltic Power offshore wind project in the Baltic Sea wit…
South Africa
SOUTH AFRICA: Three Rounds of Tendering for 6.8 GW of Renewable Energy
The South African government is about to launch three qualification cycles for the production of 6,800 MW of renewable energy in the country.
Floating Solar Project
Large Scale Floating PV to Sell Power at $0.0368/kWh in Indonesia
A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the …
Crude Oil
Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says
The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets
Wind Farm
Financing Confirmed for Brazilian Wind Farms
In the north-eastern Brazilian state of Pernambuco, one of the poorest regions in the country, European Energy is about to build three new wind farms of 94 MW i…
General Electric Upbeat on 2021 after Profitable 2020
In the fourth quarter, GE reported $2.4 billion in profits, more than four times the level in the year-ago period, reflecting the benefits of cost-cutting initi…
Croatia
Croatian Firm Končar Celebrates 100 Years
Croatian electrical, transport and energy company KONČAR has just turned 100 years old.
Hydrogen Fuel Cell
Transactions of Fuel Cell Energy Surge with Growing Hydrogen Economy
Last year’s transactions of fuel cell electricity showed a dramatic increase over 2019, driven by the expansion of the hydrogen economy.
Solar Company
Samsung SDI to Withdraw from Solar Energy Business in China
Samsung SDI will completely pull out of the solar energy material business where China has solidified its leadership.
Electric Vehicle Charging
Shell to Acquire UK's Largest Electric Vehicle Charging Network
The deal for the company that has over 2,700 on-street charge points in the country is expected to be completed late this year
Wind Power Company
IWEA Rebrands As Wind Energy Ireland
The Irish Wind Energy Association will now be known as Wind Energy Ireland.

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Economy

BP Profit Sinks As Epidemic Pummels Demand

Siemens, BP and Prumo Transfer Brazil LNG Projects Stake to SPIC

Petrobras Inks Deals for Sale of Shallow-Water Fields

Sierra Leone Secures $50m Grant to Boost Access to Electricity

Northland Power to Buy into 1,2GW Offshore Wind Farm Project in Poland

SOUTH AFRICA: Three Rounds of Tendering for 6.8 GW of Renewable Energy

Large Scale Floating PV to Sell Power at $0.0368/kWh in Indonesia

Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says

Financing Confirmed for Brazilian Wind Farms

General Electric Upbeat on 2021 after Profitable 2020

Croatian Firm Končar Celebrates 100 Years

Transactions of Fuel Cell Energy Surge with Growing Hydrogen Economy

Samsung SDI to Withdraw from Solar Energy Business in China

Shell to Acquire UK's Largest Electric Vehicle Charging Network

IWEA Rebrands As Wind Energy Ireland