Aramco and TotalEnergies announced in a joint statement on Saturday that they had signed a $11 billion contract to begin construction on a new petrochemicals
Category: Energy
Goldman Sachs and other global banks leverage on power crisis to start trading on Japanese power derivatives.
Goldman Sachs Group intends to open a desk in Tokyo to begin trading Japanese power contracts on Wednesday. Since the Fukushima nuclear accident in 2011,
Energy security: Japan to spend $107b on hydrogen energy to bridge its transition to renewable energy.
A change to Japan’s plans to utilize more hydrogen as fuel as part of the country’s drive to cut carbon emissions was approved by the
Chevron to acquire PDC Energy in a $7.6b deal to expand U.S. drilling inventory.
Chevron Corp announced on Monday that it will purchase PDC Energy Inc. for $7.6 billion, including debt, in an all-stock deal, expanding its U.S. drilling
Wobbly grid: California grid operator signs off an energy mix of 40GW at a cost of $7.3 billion.
The electric grid operator in California has authorized a proposal for 45 new power transmission projects, estimated to cost $7.3 billion over the next ten
Musk commissions a Texas lithium refinery to produce battery metal for 1m EVs by 2025.
Tesla Inc. broke ground on a lithium refinery in Texas on Monday. According to CEO Elon Musk, the facility should manufacture enough battery metal by
Clean electricity: Westinghouse unveils a game-changing small modular reactor with nuclear technology.
The 300-MWe single-loop pressurized water reactor, the AP300TM small modular reactor (SMR), was unveiled by Westinghouse Electric Company. The only SMR that is actually based
U.S clean energy law leaves EU leaders fuming.
In a rural village close to the Arctic Circle, Norwegian firm Freyr will initially construct batteries to power electric vehicles and store sustainable energy. What
Startup business raises $18m to generate electricity from carbon-free hydropower.
A startup company has received $18.4 million to build up its carbon-free hydropower technology. The company uses small turbines installed in irrigation canals to produce
The multi-trillion dollar decarbonization industry may surpass the oil industry in 10 years. – Exxon.
According to CEO Darren Woods, Exxon Mobil Corp.’s Low Carbon division could surpass the company’s regular oil and gas operations within ten years and provide
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