Economy

Oil Field

UK’s Lloyds Ditches Project Finance for New Oil and Gas Fields

Britain's biggest domestic bank Lloyds said on Thursday it would not support direct financing to develop new oil and gas fields, joining a small number of lende…

Natural Gas

German Government May Have to Inject Another $39 Billion in Energy Giant Uniper

The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper.

Oil Refinery

Exxon Selling Montana Oil Refinery to Par Pacific in $310 Million Deal

Exxon Mobil Corp on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 million.

Italy

Octopus Energy Announces 1.1 GW Renewable Venture in Italy

Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.

European Renewable PPA Prices up 51% In Third Quarter

Solar PPA prices rose almost twice as much as wind prices, new report suggests.

Ireland

Ireland to Extend Business Energy Supports to Newly Opened Businesses

Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established…

Energy Transition

BlackRock Tells UK ‘No’ to Halting Investment in Coal, Oil and Gas

BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was…

Oilfield Services Giants Are Primed to Post Very Strong Earnings

The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…

Solar Power Plant

Iberdrola Commits to up to €3BN in Investment in Australia

The Spanish renewable energy giant aims to further consolidate its position in Australia, which presents a key energy market for the company.

Nuclear Power Plant

Germany Pushes to Extend Lifespan of Three Nuclear Plants -Letter

German Chancellor Olaf Scholz has asked the economy, environment and finance ministries to lay the legal framework to keep the country's three nuclear power pla…

Oil Field

Norway’s Equinor Considers Buying Chinese North Sea Oilfields

Reuters reported on Monday that Norway's Equinor ASA is considering buying oilfields in the British North Sea from China's CNOOC Ltd.

20th CPC National Congress

20th CPC National Congress | China’s Stronger Ability to Ensure Energy, Food Security Injects Confidence to World

Nation won’t scale back opening-up efforts or even turn to a ‘self-sufficient economy’: official

Solar Power Panel

Renewables Investment Outstrips Oil and Gas for First Time

Rystad Energy report finds that capital investments in renewables reached $494bn in 2022, compared to $446bn into oil and gas for the same period.

20th CPC National Congress

20th CPC National Congress | Economic Watch: China’s Economy to Gain New Momentum From CPC Congress

​China's economic development is expected to gain new strong impetus from the 20th National Congress of the Communist Party of China (CPC).

Net Zero Emission

Australia, Singapore Sign ‘Green Economy’ Pact

​Australia and Singapore agreed on Tuesday on a "green economy" deal to boost cooperation on climate investment, financing and technology.