Economy

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.

Hydropower Plant

Guangdong No. 2 Hydropower Soars After Joining USD2.6 Billion New Energy Project

Shares of Guangdong No. 2 Hydropower Engineering surged nearly 10 percent after the renewable energy construction engineering company said it will participate i…

Natural Gas

Putin Says Nord Stream 2 Would Cement Europe's Energy Security

Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a "…

Oil Price

China Petrol Shares Positive Start to Year of the Tiger

Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.

Crude Oil

Continental to Boost Oil Output by a Third in 2022

Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.

Saudi Arabia

Aramco Shares Switch May Boost Saudi Renewables

Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proc…

Distributed energy

Insurance Guarantee Instruments for African Energy Sector

The Norwegian Agency for Development Cooperation (NORAD) will provide grant funding to the African Trade Insurance Agency (ATI) of $56million over the next five…

Distributed energy

Australia Awards $451k to Boost Distributed Energy in Low Voltage Areas

The Australian Renewable Energy Agency (ARENA) has announced funding worth AUD$451,167 (£239,243) for a demonstration project to boost the use of home solar po…