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Energy economy
Shell Forecasts Trebling of Refining Profits
Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.
ACEN to Issue P30b Bonds to Fund RE Projects
Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.
Nigeria
Game Changing $1.3BN Funding for Nigerian Green Energy Project Launched
Image: PixabayUnder the Team Europe Initiative (TEI), the European Union (EU) has launched a $1.35 billion Nigerian Green Energy Project.The project is meant to…
US Developer Intersect Secures US$750 Million for Renewables, Energy Storage Pipeline
Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen …
Electric Car
Siemens and VW Take a Stake in Electrify America
On June 28, the Volkswagen Group and Siemens announced their support of the ambitious growth plans of Electrify America, LLC – the largest public ultra-fast ch…
Australia
Australia, India Strengthen Clean Energy Deal
Australia and India on Monday agreed to a partnership to strengthen their co-operation in developing critical metal projects and supply chains.
Shell to Take Over as Operator of Gulf of Mexico Field From Equinor
Equinor will retain 49% of its stake in the project, which has been renamed as the Sparta development
Energy Investment
UK Invests £162M in Africa’s Energy Industry
British International Investment has partnered with Norway’s Norfund in a joint venture with Scatec to support the initiative, which will meet the power needs …
SSE Thermal and Equinor to Buy UK-Based Triton Power for £341M
Through this deal, the two companies aim to support the decarbonisation of the UK's power system.
South Korea
South Korea, Saudi Eye Energy Cooperation
They discussed opportunities in the energy supply chain and hydrogen.
Philippines
Solar Philippines Secures 70% Of Government’s RE Auction
It also won 91% of all solar capacity.
World Energy Demand Jumped Above Pre-COVID Levels in 2021
BP Statistical Review of World Energy: primary energy in 2021 grew by its largest amount in history.
Oil Shale
Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…
United Kingdom
UK Automotive Manufacturers Face £90 Million Energy Cost Hike
Rising energy costs risk harming the UK automotive sector as manufacturers of vehicles and components face a £90m cost hike.
Electric Car
UK Green Supply Chain Startup Circulor Raises $25MLN for Us Expansion
UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had r…
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