Energy economy

India

Amazon, Vibrant Energy to Develop 300MW Renewable Projects in India

Once completed, it is expected to produce 1.163 million MWh of clean energy.

Energy Storage Battery

Major Energy Players Seal Big Deals for Renewables

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…

Carbon Emissions

Rio Tinto to Invest $600 Mln More in Renewable Energy Assets

Rio Tinto Ltd plans to invest a further $600 million in renewable energy assets in the iron ore-rich Pilbara region of Western Australia, the miner said on Wedn…

Natural Gas

Shell to Acquire Nature Energy

Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sa…

Australia

Zenith Energy Secures a$440m Debt Financing

It will be used for its new generation projects, amongst others.

EDF Signs for Additional 2 Billion Euros of Loans

Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …

Brazil

Brazil's Transition Team Asks Petrobras CEO to Suspend Company's Divestment Plan

Brazil's government-elected transition team asked state-run oil company Petrobras' Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestm…

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

Energy Investment

Canadian Banks Slammed for Continued Fossil Fuel Investments

Canadian banks are receiving backlash from investors for their continued investments in fossil fuels.

Japan

BOJ to Conduct Annual Survey on Climate Finance to Nurture ESG Market

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, se…

Oil Field

Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…

Indonesia

Indonesia Bags $500m Loan for Energy Sector, Green Recovery

The loan was approved by the Asian Development Bank.

Net Zero Emission

ANZ Earmarks $67 Bln to Accelerate Net Zero Transition

Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030,…

Canada

Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…

Spain

Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle

An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…