Economy

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.

Energy Transition

IRENA Releases World Energy Transitions Outlook

Accelerating energy transitions on a path to climate safety can grow the world’s economy by 2.4% over the expected growth of current plans within the next deca…

Energy Investment

India’s NTPC to Expand Generation Capacity with $13.4bn Investment

NTPC, one of the largest power generation companies in India has announced plans to expand its renewable energy capacity to meet growing energy demand and susta…

United Kingdom

Huawei, Bp Subsidiary Partner to Reduce UK Energy Costs by 20%

A new partnership between Lightsource Labs, a subsidiary of Lightsource bp, Huawei, and renewable energy solutions firm Midsummer, aims to help UK households to…

Vietnam

Mainstream to Buy Stake in 405MW Vietnamese Solar

Irish renewables company to acquire 80% of Technology and Development Joint Stock Company's portfolio

Solar Power Plant

SOUTH AFRICA: CDC Invests $50m in the Redstone Solar Project

The plant will feed 100 MW into the grid of the state-owned utility Eskom.

Hydrogen Project

SK Group Aiming to Become World's No. 1 Hydrogen Player

SK Group has set up a blueprint for a hydrogen economy. Its goal is to invest about 18 trillion won over the next five years and become the world's No. 1 hydrog…

Oil Pipeline

S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline

State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is …