Economy

Nuclear Power Plant

Britain to give EDF’s Sizewell C Nuclear Project $135 mln Support

Britain will give 100 million pounds of support to France’s EDF to help it build the Sizewell C nuclear plant in Suffolk, England and encourage new investors i…

Energy Investment

Hyundai Engineering to Expand Business in Energy Sector

According to the company, its investments in plastic recycling and carbon dioxide recycling will be 530 billion won and 350 billion won, respectively.

Carbon Neutral

FFI Announces WAE Acquisition Plans to Achieve Carbon Neutrality

Fortescue Future Industries has today entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen…

United Arab Emirates

Dubai Energy Demand Rises 10% in 2021 Amid Economic Recovery

Total demand in the emirate reached 50,202 gigawatt-hours last year.

Solar Power Plant

Shell Acquires Solar-Konzept Italia

Shell has acquired 100% of solar development company solar-konzept Italia Srl from solar-konzept International GmbH.

Japan

Tokyo Gas makes 1GW Nordic Clean Power Move

Deal struck to buy 50% of EWII Production, which will then be renamed TOWII Renewables

Offshore Wind Power

China Three Gorges Power to Invest $6.5bn in Offshore Wind Power

Chinese state-owned power firm China Three Gorges Corporation is to spend $6.5 billion on three off-shore wind farms in Guangdong province amid schemes to diver…

Vestas Named Most Sustainable Company in the World

Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable…

Energy Investment

Minister of Energy in Uganda Weighs in on Umeme Investments

With the expiry of concession in sight, the Ministry of Energy and Mineral Development in Uganda has recommended the halting of new investments by Umeme.

Market Analysis

Brazilian Energy Demand Grows 4.1pc in 2021

Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW

Singapore

PetroChina Becomes Top 2021 Singapore Bunker Supplier

Chinese state-controlled PetroChina's Singapore subsidiary was the largest physical supplier of bunkers in Singapore last year.

Together Energy Becomes the First Supplier to Collapse in 2022

The collapse leaves around 176,000 domestic customers behind

Oil Field

TotalEnergies and Inpex Sell Shares in Mature Angolan Fields

French energy major TotalEnergies and Japanese player Inpex have agreed to sell a company holding two blocks located offshore Angola to an Angolan company as pa…

Carbon Neutral

Xi Addresses 2022 WEF Virtual Session

Achieving carbon peak and carbon neutrality are the intrinsic requirements of China’s own high-quality development and a solemn pledge to the international com…

RCEP

RCEP to Boost Engine Company

Yuchai charts plans to expand and introduce more green products to overseas markets