Li Ka-shing’s Ck Infrastructure Buys Us$113.5 Million Of Renewable-energy Assets In Second Uk Deal In 2 Weeks | South China Morning Post
CK Infrastructure’s US$113.5 million purchase of UU Solar, its second acquisition of UK renewable-power assets in two weeks, includes 70 solar, wind and hydropower projects.
Russia Economy: Military Now Pays More Than The Oil And Gas Sector
Russia is facing a labor crisis as its war with Ukraine siphons manpower away from the country's economy. The manpower crunch has gotten so bad that the Russian military is now offering sign-on bonuses and salaries that are so competitive that even the country's lucrative oil and gas industry isn't keeping up, Bloomberg reported on Monday. Russia's oil and gas sector has been paying wages that are at least two-thirds higher than the national average wage since 2017, per Bloomberg calculations based on official data.
Petrovietnam Announces New Oil Discoveries With Initial Reserves Of 100.5 Million Barrels - Cna
FILE PHOTO: PetroVietnam oil tanks are pictured in Vung Tau, Vietnam April 27, 2018. Picture taken April 27, 2018. REUTERS/Maxim Shemetov/File Photo HANOI : Affiliates of Vietnam's state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm PVEP said on Tuesday. The discoveries are essential for the oil industry of Vietnam, which has been struggling to raise its crude oil output due to shrinking proven reserves, amid rising fuel demand.
Eu Offers $915mm Grants For Cross-border Energy Infra Projects | Rigzone
For the first time, offshore power grids and hydrogen projects are eligible for the TEN-E/CEF Energy funding. :
The European Commission is offering up to EUR 850 million ($914.8 million) in funding for cross-border energy infrastructure projects such as carbon capture facilities, energy storage facilities, gas pipelines, hydrogen market hubs and power grid interconnections. This is the first grant offer under the revised Trans-European Networks for Energy (TEN-E) Regulation, which took effect June 2022 aligning with the European Union’s goal of turning into a net-zero emissions economy by 2050, the Commission said in a press release.
Ai Could Drive Natural Gas Boom As Utilities Face Surging Electric Demand
Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.
Gulf Solar Farms To Enable Easier Handling Of Power Bills
The development of 25 new solar farms is expected to help the government better regulate electricity prices, potentially leading to lower power bills, says Gulf Energy Development Plc, which is building the solar power generation facilities.
To Compete With Asia's Rising Dominance, Billionaire Bollore Wants To Build An Ev Battery Plant In France Which Will Cost $2.1B | Fortune Europe
Vincent Bollore, CEO of investment group Bollore, is “actively working” on developing the plant with a goal of opening it by 2030.
Petrobras Boosts Production By 3.7 Percent Yoy
Petrobras attributed the year-over-year increase mainly to the ramp-up of its floating production, storage and offloading units (FPSOs). :
Petróleo Brasileiro SA’s (Petrobras) reported first-quarter average production of oil, natural gas liquids (NGLs), and natural gas of 2.776 billion barrels of oil equivalent per day (boepd), an increase of 3.7 percent compared to the same period in 2023.
Macquarie Asset Management To Sell Stake In Uk Offshore Wind Farm
(marketscreener.com) Macquarie Asset Management, part of Macquarie Group, has agreed to sell a 10% stake in Britain's East Anglia ONE offshore wind farm to renewable energy asset manager NTR. East Anglia ONE is a 714 megawatt wind farm, located in the North Sea, 43 km off the Suffolk coast. It is capable of generating enough electricity to power the...https://www.marketscreener.com/quote/stock/MACQUARIE-GROUP-LIMITED-6491460/news/Macquarie-Asset-Management-to-sell-stake-in-UK-offshore-wind-farm-46590446/?utm_medium=RSS&utm_content=20240501.
Ai Craze, Lng Exports Offer Hope For America’s Gas Producers
The warmest winter ever experienced in the United States further suppressed heating demand for natural gas, contributing to prices averaging below $3 per MMBtu in the ...