Energy economy

Electrification
$15.5M Investment into Zambia’s First Renewable Energy Buyer
InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Afric…
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
Net Zero Emission
Bp to Invest £18 Billion in UK Energy System by 2030
bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to…
Shell Buys Sprng Energy Group for US$1.55Bn
Shell believes its purchase of Sprng Energy Group will enable it to become a leader across the power value chain in the rapidly growing India market.
Carbon Emissions
Investing in China’s Sustainable Finance Boom
China is the world’s largest economy in purchasing power parity, the world’s largest annual emitter of greenhouse gas emissions and the world’s largest renew…
LNG
TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit
French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG…
United Kingdom
UK Power Networks Unveils New Flexibility Tender
The tendering process will be for 292MW of power across 113 sites in London, the East and the South East of England.
Net Zero Emission
UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered
Emerging markets told they need to invest an additional $94.8tn to meet long-term global warming targets.
United States
DOE Funnels $12M to Enhance US Energy Systems’ Cybersecurity
The US department of energy (DOE) has announced $12 million for six new research, development and demonstration (RD&D) projects that will develop cybersecurity …
World Needs to Spend an Additional $1.3Bn on Energy by 2030
A new report found that oil and gas need a boost in contrast to previous IEA report which urged governments to stop new fossil fuel plans.
Energy Storage Battery
CATL’s Revenue Hits USD 20 Bn, Full-Year Net Profit Dips to 26.28%
Amid increasing raw material cost and China’s zero-COVID policy, CATL’s net profit was down by 1.48 percentage points to 26.28%
Crude Oil
Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform
Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government sa…
CNOOC
China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Sh…
Ammonia
Suez Canal Economic Zone Signs $3Billion Green Energy Deal
Agreement with a consortium including French company EDF Renewables will lead to nearly 350,000 tonnes of green fuel being produced annually for ships passing t…
Offshore Wind Power
Energy Prices to Remain Significantly Above Average up to 2030 and Beyond
Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually.

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Energy economy

$15.5M Investment into Zambia’s First Renewable Energy Buyer

Shell Posts Record Profit on High Energy Prices and Trading Boost

Bp to Invest £18 Billion in UK Energy System by 2030

Shell Buys Sprng Energy Group for US$1.55Bn

Investing in China’s Sustainable Finance Boom

TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit

UK Power Networks Unveils New Flexibility Tender

UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered

DOE Funnels $12M to Enhance US Energy Systems’ Cybersecurity

World Needs to Spend an Additional $1.3Bn on Energy by 2030

CATL’s Revenue Hits USD 20 Bn, Full-Year Net Profit Dips to 26.28%

Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform

China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels

Suez Canal Economic Zone Signs $3Billion Green Energy Deal

Energy Prices to Remain Significantly Above Average up to 2030 and Beyond