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Economy
Russian Federation
Putin Puts Nuclear Deterrent on Alert; West Squeezes Russian Economy
President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday in the face of a barrage of Western reprisals for his war on Ukraine, which sai…
Australian Mining Billionaire to Invest $2.2 Bln in Renewable Energy Project
Australian iron ore magnate Andrew Forrest, who's been betting big on a global green revolution, said on Sunday he was investing A$3 billion ($2.2 billion) in r…
Offshore Wind Power
U.S. Offshore Wind Auction Draws Record $4.37 Bln in Bids
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from deve…
Natural Gas
Hydrogen Generation Could Become a $1 Trillion Per Year Market, Goldman Sachs Says
Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to …
21st Century, Siemens Energy Seal Turbine Technology Power Deal
Information technology company, 21st Century Technologies Limited, has struck a new deal with Germany-based energy company, Siemens Energy, to build 2 X 10MW SG…
Solar Power Panel
LG to Exit Global Solar Panel Business
LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea.
Crude Oil
Norway’s January Oil Output Sinks Below Predictions
Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…
Oil Price
U.S. Sanctions on Russia not Targeting Energy Markets
Actions the Biden administration took on Tuesday to punish Russia's economy over its aggression in Ukraine are not intended to hit global energy markets.
Rooftop PV System
Solar Marketplace EnergySage Sells Controlling Stake to Schneider Electric
French electrical equipment group Schneider Electric has acquired a controlling stake in EnergySage that will see the US-based solar marketplace provider look t…
Hydrogen Project
Green Hydrogen Platform Closes €200m Fund Raise
Green hydrogen investment platform Hy2gen has completed a €200m investment round.
Crude Oil
India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year
India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial acti…
Natural Gas
Global Crunch Likely to Double Local Gas Prices
An accelerated recovery in energy demand from the covid-lows coupled with inadequate supply expansion in 2021 vaulted prices to record highs, sending shockwaves…
Energy Investment
Siemens Energy Top-10 Investor Urges Management to Buy Siemens Gamesa
Siemens Energy (ENR1n.DE) should buy the rest of wind turbine maker Siemens Gamesa (SGREN.MC) to accelerate a turnaround at the Spanish-listed firm, Deka, the s…
Solar Cell
China's PV Exports Rose 60% to $28.4b in 2021
China saw strong exports in photovoltaic products (PV) last year as the world picked up efforts to cope with climate challenges.
Coal Trade
Russia, China Agree New Coal Deal for 100 Million Ton Supply
Russia and China have agreed on a new deal that will see Russia supply 100 million tons of coal in the "coming years" to its southern neighbor.
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