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Economy
Energy Investment
Total Drives Green Strategy With €500m Zero-Crude Project
As part of its net zero strategy, global energy company Total will invest €500 million into converting its Grandpuits refinery in Seine-et-Marne, France, into …
Vietnam
Vietnam Requires $133.3bn in Power Investment By 2030
Vietnam will need an investment of $133.3bn in its power industry to meet its increasing electricity demand.
Offshore Wind Power
House Backs Jones Act Enforcement for US Offshore Wind
The US House of Representatives has passed an amendment to the Clean Economy Jobs and Innovation Act that enforces Jones Act requirements for all offshore renew…
Siemens Energy Listing on Stock Exchange ‘Marks New Era’
Siemens Energy today started trading on the Frankfurt Stock Exchange, with the opening share price quoted at €22,01, corresponding to a market capitalization o…
Oil & Gas Trade
BPCL Pays for Defaulting Videocon in Brazil Oil Block
State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to ac…
Hydropower Plant
Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project
The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.
Energy Investment
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Oil Field
Shell Looks to Sell off Stake in Philippines Gas Field
Shell is looking to sell its 45pc stake in the Philippines' Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
Power Construction
Power Grid Gets Shareholders' Nod to Raise Up to Rs 10,000 Crore
All resolutions as set out in the notice of 31st Annual General Meeting held on September 22 have been duly approved by the shareholders with requisite majority…
Energy Investment
Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar
Bord na Mona has launched a major fundraising campaign to build a series of climate action projects across its 200,000 acre landholding.
Market Analysis
Old Green Power Plants Seek to Regenerate as Germany Turns off Subsidies
Wilfried Haas owns a 3 kilowatt solar system which has been running as a micro power station since 1992, helping Germany, Europe's largest economy, curb its dep…
Austria
Austrian Utility OMV Sells Gas Pipeline Unit to Verbund
Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and …
Air Products China President Saw Choon Seong Appointed Chongqing Mayor’s International Economic Advisor
Appointment Reinforces Company’s Commitment to Southwestern China’s Inland Megacity.
Oil & Gas Trade
India's August Crude Imports Continue Slide as Economy Stalls
India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.
Hydropower Plant
JLEN Acquires Hydropower Facilities
Environmental infrastructure fund JLEN has acquired two operational hydro projects as part of a £4.74 million acquisition of Northern Hydropower Holdings Limit…
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