Economy

Energy Investment

Econergy Completes Acquisition of Swangate Energy Storage

European renewable energy project developer and operator, Econergy Renewable Energy, has successfully acquired a 100% share of Swangate Energy Storage Ltd, a 50…

Energy Storage Battery

Econergy Acquires 50MW UK Storage

The Israeli developer has secured a 100% share for the Swangate project in Yorkshire

Crude Oil

IEA Says Oil Demand more Resilient than Expected in the Face of Omicron

Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.

Oil Refinery

Saudi Aramco Buys Stake In Refinery In Russia’s Backyard

Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refiner…

Energy Investment

Apicorp and IsDB Collaborate on $1bn Infrastructure Financing Initiative

The multilateral lenders aim to address low private sector participation in funding energy projects

Energy Investment

Invenergy Secures $3bn from Blackstone to Drive Clean Energy Platform

Chicago-based multinational utility Invenergy is set to expand its renewable energy business after securing approximately $3 billion in investment from global a…

Natural Gas

Go Fuel Retail Additional Expansion Approved

Oil & Gas Regulatory Authority has granted permission to Gas & Oil Pakistan Limited to operate additional fuel storage facility as well as expand fuel retail ne…

Market Analysis

Goldman Sachs Invests in Hydrostor Energy Storage

Hydrostor Inc., a long-duration energy storage solution provider, has announced a preferred equity financing commitment of US$250 million from the Private Equit…

Hydrogen Production

Hydrogen Optimized to Provide 40MW of Large-Scale Water Electrolysis Capacity for Hydrogen Production

Hydrogen Optimized is set to supply more than 40MW of large-scale hydrogen production capacity, through an innovative water electrolysis method, to bolster the …

RCEP

Japan Faces Dilemma of Standing with RCEP Stipulations

Economic ties between Japan and China face a test as Japan is being instigated by the US to curb technology exports to China.

Carbon Emissions

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, largely because of soaring coal-fired power generation in A…

Net Zero Emission

SK Ecoplant Showcases 1st Carbon-Neutrality Plan at CES

The circular economy refers a system of closed loops in which raw materials, components and products lose their value as little as possible.

Egypt

Egypt Makes Great Strides Toward Green Economy

Egypt has made great strides in implementing its national strategy on green economy and is expanding its investments to carry out eco-friendly projects to impro…

Market Analysis

Nuclear Energy will Require '€20 billion per year' Until 2050

Nuclear power will play a "fundamental role" in meeting Europe's energy demands, said EU Internal Market Commissioner Thierry Breton to French newspaper Journal…

EU

EU Green Finance Rules to Include Nuclear and Gas Projects

A draft of the bloc’s green finance taxonomy sets out conditions for projects to receive transition funds.