Ofgem introduces new decarbonization plan to support clean economy
Amid companies looking out for devising new strategies towards building a clean and healthy economy, Ofgem, the government regulator for electricity and gas markets in Great Britain, has announced its....
Saudi Aramco subsidiary invests $5M in oil trading company Vakt
Saudi Aramco Energy Ventures, the venture division of Saudi Aramco, reportedly announced that it invested $5 million in Vakt, an oil trading platform which is blockchain based. Vakt stated that Sau....
Vestas & DSV Panalpina partner for project transport & general freight
Vestas, a renowned Danish company working in wind turbine development and marketing, reportedly announced a new strategic partnership with DSV Panalpina, a renowned transport and logistics firm provid....
NTPC unlikely to close THDCIL, NEEPCO acquisition in ongoing fiscal
NTPC, a state-run electricity provider, will reportedly be unable to close an acquisition deal worth nearly ₹10,000 crore, to transfer management control of THDC India Ltd. and NEEPCO (North Eas....
Evolution Well Services lands 24-month electric fracturing deal
Evolution Well Services has reportedly inked a two-year contract to offer electric fracturing services which will see natural gas produced on site replace diesel-powered generators. EWS will provide s....
China to rev up US buys with around USD 50 billion energy products
The U.S. and China have announced an initial trade deal that will see China buy $200 billion of U.S. goods and services in a span of two-year period in four industries. Apparently, the deal incorporat....
Li-cycle ships first commercial load of recycled battery material
Li-Cycle has reported its first shipment of commercially recycled battery materials, processed at the company’s facility in Ontario. The shipment, made in December 2019, contained energy metals such....
China Sinochem to initiate $4.6 bn Quanzhou petchem complex mid-2020
China Sinochem Group will lay the cornerstone of petrochemical complex and a new crude processing unit in Southeastern China around July 2020. The product portfolio expansion towards petrochemicals is....
AIMCo, KKR to acquire 65% equity interest in Coastal GasLink project
Coastal GasLink will ink a deal for project financing construction credit facility with banks TC Energy will record an after-tax gain amounting to $600 million after the transaction TC Energ....