Economy

Warren Buffett Sells Stake in Oil Giant Occidental Petroleum
Warren Buffett’s Berkshire Hathaway has sold its common stock interest in Occidental Petroleum.
Energy Transition
BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize
BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.
Offshore Wind Power
Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project
Apollo Global Management has announced that its affiliates have acquired a stake in offshore wind energy development company US Wind.
Ukraine
Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help
Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.…
Wind Turbine
Opdenergy Completes $103 Million Financing for Two Projects in Chile
OPDEnerg, a company that specializes in the development, financing, construction and operation of renewable assets, has announced the closing of a $103 million …
Energy Investment
Iran Considers Allowing People to Invest in Oil on Local Exchange
Iran is considering letting residents invest in oil on the domestic energy exchange.
United States
US Clean Energy Job Recovery Stalled to a Trickle in July
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without…
Nuclear Power Plant
E.ON Sells German Nuclear Power Ahead at Above-Market Prices
German utility E.ON said on Wednesday it has sold forward 73 per cent of its 2021 nuclear power generation and 46 per cent of its 2022 output at prices above th…
Portugal
EDP Renewables to Divest 242MW Onshore Wind Farm Portfolio
Portuguese utility firm EDP is to sell a portfolio of seven onshore wind farms in a €426 million ($502 million) deal.
Spain
Spain-Based Iberdrola Takes Over Infigen Energy
It proposed to buy the Australian producer for $638m.
United States
Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump
Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…
Equinor Names New Chief Executive
Anders Opedal has been named as Equinor’s new president and chief executive, with a vow to accelerate the company’s growth in renewables.
Saudi Arabia
Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
Coal Mine
Deutsche Bank to End Lending for Coal Mining by 2025
Would not finance projects in the oil and gas sector that use hydraulic fracturing in countries with scarce water supplies, new projects in the Arctic region, a…
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …

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Economy

Warren Buffett Sells Stake in Oil Giant Occidental Petroleum

BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize

Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project

Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help

Opdenergy Completes $103 Million Financing for Two Projects in Chile

Iran Considers Allowing People to Invest in Oil on Local Exchange

US Clean Energy Job Recovery Stalled to a Trickle in July

E.ON Sells German Nuclear Power Ahead at Above-Market Prices

EDP Renewables to Divest 242MW Onshore Wind Farm Portfolio

Spain-Based Iberdrola Takes Over Infigen Energy

Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump

Equinor Names New Chief Executive

Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend

Deutsche Bank to End Lending for Coal Mining by 2025

Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price