Economy

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…

China

China's CATL to Invest in Canada’s Neo Lithium

Chinese battery manufacturer Contemporary Amparex Technology will pay C$8.5mn to acquire an 8pc equity stake in Canada-based lithium brine explorer Neo Lithium.

Spain

Iberdrola Acquires Japan’s Acacia Renewables with Development Deal

Spanish electric utility company Iberdrola has agreed to buy out Japan’s green energy supplier Acacia Renewables.

US DoE Announces $1.5m in Funding for Carbon Capture Project with Total

The US Department of Energy has announced additional funding for a carbon capture technology research and development project with Total.

United Kingdom

British Gas Ranked Number One by UK Business Energy

Utilities giant British Gas has come out on top in a new study on the performance of UK energy suppliers to the commercial market.

United States

The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

Utility net-zero carbon pledges are piling up, even if the companies are a long way from kicking their fossil fuel habits.

Wind Turbine

ZEST WEG Launches Gearless Turbine Technology in South Africa

Zest WEG will be combining its new turbine technology with its established footprint in the local South African economy to develop the sector and local skill se…

Energy Investment

Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up

Non-profit investment company Lundin Foundation has invested $357,000 in wave energy foundation Ocean Harvesting Technologies.