Economy

Oil Refinery
Shell Announces Sale of Schwedt Refinery Stake
Shell has agreed to sell its 37.5pc stake in the 208,000 b/d Schwedt refinery in northeast Germany to Austria-based firm Alcmene for an undisclosed sum as part …
Oil Price
$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s
Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s…
Electric Car
South Korea’s Battery Exports to the United States on the Increase
The United States is increasing its electric vehicle battery imports at a rapid pace, as the supply from U.S. electric vehicle battery manufacturers is still in…
Energy Storage Project
GLIL Invests £150m in UK Utility, Energy Storage Infrastructure Firm
GLIL Infrastructure, the fund backed by a number of UK local government pension schemes, has invested £150m in specialist utility and energy storage infrastruc…
Energy Storage Battery
Eos Energy Enterprises Gets $100M Investment from Koch
A next-generation zinc battery manufacturer whose factory is in Pittsburgh has received a $100 million investment from a Koch Investments Group subsidiary to he…
Hydrogen Project
Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe
Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen eco…
LNG
Mexico to Create State-Owned LPG Company
Mexico is working to create a state-owned company that will distribute LPG at a "fair price" using state-owned Pemex supply to compete with the private-sector, …
Floating Offshore Wind
Belgium’s Parkwind Secures Funding for German Floating Wind Farm
Belgium-based green energy company Parkwind has secured funding from multiple financial institutions to implement its first renewable energy project outside Bel…
Hydrogen Project
Sasol, IDC Sign MoC to Develop South Africa’s Green Hydrogen Economy
Sasol and the Industrial Development Corporation of South Africa have unveiled a new memorandum of cooperation today to develop and shape an enabling environmen…
Oil Refinery
Iraq Closes on New Chinese Refinery Investment Deal
Iraq is nearing agreement on a new downstream investment deal with a group of Chinese state-owned companies for the construction of a new 100,000 b/d refinery, …
Hitachi ABB Power Grids is Evolving to Become Hitachi Energy
Hitachi ABB Power Grids announced that it will be evolving to become Hitachi Energy from October 2021.
Oil Field
BP and Lukoil Considering Selling Stakes in Iraq
Oil minister describes country's investment environment as 'destructive' for international oil companies
Oil Price
Oil Surges As Traders Await OPEC+ Decision on Easing Production Cuts
Its allies on further easing production curbs in response to growing demand as the global economy gathers momentum.
Energy Storage Battery
Conrad Energy Completes Strategic 44MW Battery Storage Asset Acquisition
The battery asset will provide immediate revenue for Conrad Energy and the company anticipates making further targeted acquisitions and placing equipment orders…
Oil Field
Argentine Energy Firm CGC Buys Local Unit of China's Sinopec
The Chinese-owned unit operates over 20 oilfields in the San Jorge and Cuyo Basins in Argentina with assets covering some 4,600 square kilometers.

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Economy

Shell Announces Sale of Schwedt Refinery Stake

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

South Korea’s Battery Exports to the United States on the Increase

GLIL Invests £150m in UK Utility, Energy Storage Infrastructure Firm

Eos Energy Enterprises Gets $100M Investment from Koch

Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe

Mexico to Create State-Owned LPG Company

Belgium’s Parkwind Secures Funding for German Floating Wind Farm

Sasol, IDC Sign MoC to Develop South Africa’s Green Hydrogen Economy

Iraq Closes on New Chinese Refinery Investment Deal

Hitachi ABB Power Grids is Evolving to Become Hitachi Energy

BP and Lukoil Considering Selling Stakes in Iraq

Oil Surges As Traders Await OPEC+ Decision on Easing Production Cuts

Conrad Energy Completes Strategic 44MW Battery Storage Asset Acquisition

Argentine Energy Firm CGC Buys Local Unit of China's Sinopec