Economy

Oil Price

Oil Price Shock Jolts Global Recovery as Economic Impact of Russia’s Invasion Spreads

The highest oil prices since the 2008 financial crisis are dealing a heavy blow to the global economy, slowing Europe’s pandemic recovery to a near stall and c…

Energy Investment

China Considers Stake Acquisitions in Russian Energy Firms

China is in negotiations with firms including China National Petroleum, and China Petrochemical.

LNG

Germany to Build Its Own LNG Terminal

European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions …

CNOOC

Chinese Partner Paying over $2 bln to Petrobras for More Interest in Brazilian Field

Chinese oil and gas company CNOOC has sealed a deal with the Brazilian giant Petrobras, which will allow it to acquire an additional interest in the Búzios fie…

Saudi Arabia

Saudi Arabia Signs Power Purchase Agreements for Solar Projects Worth $665m

​Saudi Arabia has awarded contracts for two new solar projects with a combined capacity of one gigawatt as the kingdom continues to add renewable energy to its…

SINOPEC

Saudi Aramco Signs Agreement with China’s Sinopec for Potential Downstream Collaboration

World’s largest oil exporting company aims to expand its operations in China.

Hydrogen Production

Low-Carbon Hydrogen Production to Be Explored in Egypt

Egypt could be set to grow its hydrogen economy with the revealing on March 7 of a memorandum of understanding (MoU) to assess low-carbon hydrogen production in…

Electric Car

U.S. Clean Energy Investments Topped $100b in 2021

A record-breaking $105 billion was invested into U.S. clean energy assets in 2021, according to market analysis.

Rooftop PV System

France Announces 52 Winners in Rooftop Solar Tender

France’s first tender for commercial and industrial (C&I) rooftop solar systems under the country’s PPE2 multi-year energy procurement programme has resulted …

Indonesia

BW Offshore Wins Extension Deal for Sold FPSO

BW Offshore informed on Wednesday it had received a one-year contract extension for the lease and operation of the FPSO BW Joko Tole.

Oil & Gas Supply

Oil, Gas Demand Eemains Robust

Although the demand for petroleum products and gas remained robust in the domestic economy and households of Pakistan, the output of crude oil and gas from dome…

Wind Farm

CPP Investments Supports Renewable Power Capital’s New Investments in European Onshore Renewables

Renewable Power Capital (RPC) entering the Swedish market with 100% acquisition of onshore wind farm from OX2

Europe Looks for Alternatives to Russian Energy

As fighting raged across Ukraine over the weekend, western countries moved quickly to disrupt Russia’s links to the global economy.

Firm, Siemens Energy Seal Power Deal

Information Communication Technology (ICT) company, 21st Century Technologies Limited has struck a new deal with Germany-based energy company, Siemens Energy to…

Energy Investment

The Strategic Importance of Ukraine’s Energy Infrastructure

Enlit Europe spoke to Christopher de Vere Walker, Director of SEEPX Energy, geospatial data and infrastructural risk specialists with a focus on Russia, Ukrain…