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Energy
UK’s National Grid proposes $9b rights issue for investment
National Grid, a UK-based utility company, announced plans to raise £7 billion ($8.9 billion) through a fully…
India, Egypt primary destinations for Russian fuel oil in April
India and Egypt were primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April.
Tesla begins construction of Megapack factory in Shanghai
Tesla has initiated the construction of a factory in Shanghai to produce its Megapack energy storage batteries, as…
I Squared to invest $5b in Asia Pacific by ’27
Global infrastructure investor I Squared Capital plans to invest $5 billion in the Asia Pacific from 2025 to 2027,…
ADNOC plans stake sale in drilling unit
Abu Dhabi's ADNOC has announced plans to divest approximately 5.5 per cent of its stake in its drilling unit, over…
Vivo Energy to increase S. Africa investment
Vivo Energy, backed by Vitol, will inject 10 billion rand ($550.79 million) into its South African operations…
US EV electricity consumption surges over 50% in early ’24
Electricity consumption from electric vehicles (EVs) in the United States surged by over 50 per cent in the first…
ADNOC acquires Galp stake in Mozambique
ADNOC announced the acquisition of Galp’s 10 per cent stake in Mozambique's Area 4 concession in the Rovuma basin,…
China’s solar expansion faces grid bottlenecks
China’s rapid solar power expansion is experiencing a slowdown due to grid bottlenecks, market reforms, and a…
SCZONE launches solar plant at Siemens energy centre
The General Authority of the Suez Canal Economic Zone (SCZONE) inaugurated on Tuesday a solar power plant at the…
