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Oil & Gas Trade

Hess Shares Fall Most in 20 Months on Lengthy New Delay to Chevron Sale

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Shares in U.S. oil producer Hes…

Wind Turbine

2000th DELTA4000 Nacelle Manufactured in Rostock, Germany

Nordex wind power plant in Rostock achieved an important milestone by manufacturing the 2,000th Delta4000 nacelle at the company’s production facility in …

Solar Power Plant

FRV Closes Refinancing Deal for 1-GW Aussie Solar Portfolio

Global renewables developer Fotowatio Renewable Ventures (FRV) has achieved financial closing on an AUD-1.2 billion (USD 784m/EUR 723.1m) refinancing facility s…

Green Hydrogen

Spain Offers Eur 1.2bn in State Aid for Green H2 Valley Development

The Spanish ministry for the ecological transition on Tuesday released the rules and criteria for its next green hydrogen subsidy programme, which, with a budge…

Oil & Gas Trade

Iraq and BP Plan to Develop Kirkuk Oil and Gas Fields, Iraqi PM’s Office Says

Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Purchase Licensing RightsIraq has signe…

Green Hydrogen

Green Hydrogen Fever Gets Needed Doses of Reality

An Hydrogen H2 logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing RightHot air i…

Energy Storage Project

Chalk One up for Domestic Supply! 2.2 GWh Battery Agreement Reached

(Image courtesy: Fluence, a Siemens and AES company)Fluence Energy and Excelsior Energy Capital have reached a multi-year agreement to develop 2.2 GWh of batter…

Energy Storage Project

Envision Energy to Supply Bess for Field’s 50MWH Project

Envision will supply equipment for the 50MWh system. Image: RESEnvision Energy has partnered with renewable energy infrastructure firm Field to develop a 50MWh …

Solar Power Plant

Solar Could Win up to £185 Million in Largest Ever CFD Budget

The strike price for solar PV will increase 30% from £47 per megawatt hour (MWh) to £61/MWh. Image: Matt Austin.The government announced on 30 July …

Offshore Wind Power

Up to 2.2 GW Maryland Offshore Wind Project Moves Closer to Federal Approval

The US Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for US Wind’s Maryland offshore wind project, …

Oil & Gas Trade

Totalenergies Says Will Quit South African Offshore Gas Block

French oil major TotalEnergies (TTEF.PA), opens new tab said on Monday it would withdraw from an offshore natural gas block off South Africa's southern coas…

Energy Storage Project

Curtailment, Greece Needs 7 GW of Energy Storage by 2030 to Avoid Photovoltaic Cuts

Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage.Greece is faced wit…

Coal Trade

China Approves Use of Local Coal in Three Pakistani Power Plants

China has approved the conversion of three coal-fired power plants in Pakistan from using imported coal to local coal, a move designed to lower energy costs.Sou…

Oil & Gas Trade

Saudi Arabia’s Bahri Reports 15% Jump in Q2 Revenue on Year on Oil, Chemicals

The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shippin…

Electric Vehicles

Tesla and BYD Are Dominating the Global Electric Vehicle Market

Tesla's gross margin has been declining every quarter since Q1 2022, but it still maintains the largest BEV market share globally.BYD is hot on Tesla's …