Belgium will double the area of its North Sea waters made available to offshore wind parks after 2020, the government announced on Friday, as part of its exit strategy from nuclear power.
Indonesia’s Pertamina has signed agreements to take over the rights to eight expiring oil field blocks previously held by Chevron , CNOOC and Inpex, among others, an energy ministry official said on Friday.
Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, two banking sources told Reuters.
British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday.
India’s H-Energy Pvt Ltd, a unit of real estate group Hiranandani, aims to start full commercial operations at a new floating liquefied natural gas (LNG) terminal by the fourth quarter of this year, a company official said on Wednesday.
Oil hit $70 a barrel on Tuesday, in its biggest two-day rally in nearly a month, as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without causing harm to the global economy.
Iraq has started work on expanding its oil refinery near the southern city of Basra by adding 70,000 barrels per day to processing capacity, the oil ministry said on Tuesday.
Indonesia has declared a state of emergency around a port on Borneo island, officials said on Tuesday, after a large oil spill and fire killed four people at the weekend.
China’s Sinopec group, parent of Sinopec Corp, aims to more than double its receiving capacity of liquefied natural gas over the next six years and lift domestic shale gas production by two thirds by 2020.
European spot electricity prices for day-ahead delivery diverged on Wednesday as a forecast for increased wind power generation weighed on the German contract, while the French spot power price rose on an expected rise in demand due to cold weather.