Economy

Power Construction
SOMALIA: $150 million to Provide Electricity Access to 7 million People
The World Bank approves a $150 million loan to Somalia.
Thermal Coal
HSBC Says It will Phase out Financing of Thermal Coal by 2040
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenh…
Energy Investment
US Puts Carbon Focus in $9.5bn Going to Hydrogen
The US Energy Department is tasked with spending $1.9bn/yr over the next five fiscal years to kick-start a "clean hydrogen economy" under the bipartisan infrast…
Oil Exploration
QatarEnergy Enters Egypt Through Agreement with Shell
QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.
Energy Investment
O&M Tenders Issued for Two Solar Projects in Karnataka
The last date to submit the bids for both the tenders is December 24, 2021
PowerGrid Technology
Xizang’s First Power Grid Celebrates 10-Year Anniversary, Creates 1.457b Yuan of Benefit to Local Economy
December 9 was the 10th anniversary of the power grid.
Hydrogen Project
POSCO International Acquires Senex Energy to Expand Hydrogen Biz
POSCO International is pursuing global mergers and acquisitions in preparation for the energy transition era.
United States
BP Acquires EV Fleet Charging Provider AMPLY Power in US
BP said on December 7 the UK company took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) char…
Electric Car
Kia Corp. to Part Ways with Chinese Joint Venture Partner
Kia Corp. will break up with its joint venture partner in China, Dongfeng Motor Corp., after 20 years of partnership.
Romania
OMV Petrom to Install 1 GW of Renewables in Romania by 2030
In its EUR 11 billion investment plan for the current decade, OMV Petrom earmarked more than 35% for low and zero carbon opportunities.
Power Construction
EETC Invested $490m in Grid Improvements over Fiscal Year
The Egyptian Electricity Transmission Company has revealed it invested over $490 million in improvements to the electrical grid during the fiscal year 2020-2021…
Hydrogen Technology
SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.
LNG
Jera Invests in Barossa Gas Field, Joins Darwin LNG Project
Japanese energy giant JERA will buy a 12.5 per cent stake in the Barossa gas field, thus participating in the Darwin LNG project in Australia.Courtesy of Santos
LNG
South Africa Embraces a Gas Economy to Drive Energy Security
100% Black-owned energy infrastructure company DNG Energy’s first delivery of LNG gas to commercial customers in South Africa marks the start of a new phase fo…
Energy Storage Battery
UK Battery Storage Facility Acquired by TagEnergy
Global clean energy enterprise TagEnergy has increased its UK presence with the acquisition of a 100% stake in the Lakeside 99.9 MW battery storage facility in …

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Economy

SOMALIA: $150 million to Provide Electricity Access to 7 million People

HSBC Says It will Phase out Financing of Thermal Coal by 2040

US Puts Carbon Focus in $9.5bn Going to Hydrogen

QatarEnergy Enters Egypt Through Agreement with Shell

O&M Tenders Issued for Two Solar Projects in Karnataka

Xizang’s First Power Grid Celebrates 10-Year Anniversary, Creates 1.457b Yuan of Benefit to Local Economy

POSCO International Acquires Senex Energy to Expand Hydrogen Biz

BP Acquires EV Fleet Charging Provider AMPLY Power in US

Kia Corp. to Part Ways with Chinese Joint Venture Partner

OMV Petrom to Install 1 GW of Renewables in Romania by 2030

EETC Invested $490m in Grid Improvements over Fiscal Year

SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer

Jera Invests in Barossa Gas Field, Joins Darwin LNG Project

South Africa Embraces a Gas Economy to Drive Energy Security

UK Battery Storage Facility Acquired by TagEnergy