Economy

Oil Price
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca…
CNOOC
Chinese Offshore Oil and Gas Company Joins ADNOC’s Concessions
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum …
IFC Assists SMEs in Nigeria to Navigate Economic Challenges
International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.
Energy Investment
ES Kapital Invests in Munich Start-Up KEYOU
Innovative hydrogen technologies developer KEYOU has announced ES Kapital as its new financial investor.
Oil Field
Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake
Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.
Energy Investment
Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete
Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.
Oil & Gas Trade
Sinopec Unit Sells Gas Pipeline Asset to PipeChina
China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.
Energy Investment
Efficiency Companies Raise $858 Million In VC Funding In 1H 2020
Funding into Battery Storage and Efficiency companies was down in the first half of 2020
Aker 2Q13 Earnings Impacted by Order Delays and Cancelations
Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012
United Kingdom
Centrica to Sell US Business for $3.6bn as First-Half Profit Falls
British Gas owner Centrica said it was selling its US energy business to NRG Energy $3.6bn (£2.87bn) as part of a plan to turn the company around.
Energy Investment
Minister Pun Urges Bangladesh to Invest in Nepal’s Hydropower
The government has urged the Bangladesh government and the private sector to invest in Nepal’s hydropower sector.
Energy Investment
bp Expands Footprint in India's Renewables Sector with GGEF Investment
Global energy company bp has announced it will invest $70 million to support the growth of renewable energy in India.
Offshore Wind Power
GIEK's Offshore Wind Portfolio Quadruples in H1 2020
The offshore wind portfolio of the Norwegian Export Credit Guarantee Agency has quadrupled since the end of last year.
Chevron to Buy Noble Energy in Deal Valued at $5 billion
Oil major Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction…
Solar Power Plant
Malaysia Bets on Large Scale Solar PV to Revive Economy
The Ministry of Energy and Natural Resources of Malaysia launched the 1GW tender program to boost the country’s economic performance.

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Economy

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns

Chinese Offshore Oil and Gas Company Joins ADNOC’s Concessions

IFC Assists SMEs in Nigeria to Navigate Economic Challenges

ES Kapital Invests in Munich Start-Up KEYOU

Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

Efficiency Companies Raise $858 Million In VC Funding In 1H 2020

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Centrica to Sell US Business for $3.6bn as First-Half Profit Falls

Minister Pun Urges Bangladesh to Invest in Nepal’s Hydropower

bp Expands Footprint in India's Renewables Sector with GGEF Investment

GIEK's Offshore Wind Portfolio Quadruples in H1 2020

Chevron to Buy Noble Energy in Deal Valued at $5 billion

Malaysia Bets on Large Scale Solar PV to Revive Economy